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The Luxury Market $750K to $1M

If the entry level and mid market are well populated with property choices for buyers, the luxury market, $750K to $1M market  has few. There are only 11 properties on the market in this range, 4 single family and 7 condos representing only 7% of available properties. In stark contrast 22 properties sold in this range in 2013 representing 22% of all sales.

To be fair, this segment overlaps into the $1M+ market which is relatively crowded, but it is still a natural price break for buyers. Almost all of the available properties are pictured below.

 

4 Bradford St #1, $785K, 2/2, 1000sf, condo.
4 Bradford St #1, $785K, 2/2, 1000sf, condo.
125 Bradford St EXT #22, $799K, 3/3, 1,450 sf, condo.
125 Bradford St Extension, #202, $785K, 3/3, 1,450 sf, condo
8 Cook St, $849K, 4/3, 1,870 sf.
8 Cook St, $849K, 4/3, 1,870 sf.

 

 

 

 

 

 

 

125 Bradford St EXT #402, 3/3, 1,515 sf, condo.
125 Bradford St EXT #402, 3/3, 1,515 sf, condo.
78 W Vine St, 2/2, 1,478 sf, Single Family.
78 W Vine St, $879K, 2/2, 1,478 sf, single family.
10 Prince St # 2, $889K, 2/3, 1,400 sf, condo.
10 Prince St # 2, $889K, 2/3, 1,400 sf, condo.

 

 

 

 

 

 

 

501 Commercial St #1D, $899K, 3/3, 1,505 sf. condo.
501 Commercial St #1D, $899K, 3/3, 1,505 sf. condo.
520 Commercial St, $979K, 4/2, 1,400 sf. single family.
520 Commercial St, $979K, 4/2, 1,400 sf. single family.
46 Shank Painter Rd, $998K, 2/2, 2,208 sf.
46 Shank Painter Rd, $998K, 2/2, 2,208 single family.

 

 

 

 

 

 

 

 

From an historic Commercial Street single family house in the East End to a beachfront condo to a newly renovated beauty in the West End on Bradford Street, the diversity and quality of these properties belie their low numbers.

 

 

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The Affordable Entry Level In Provincetown

Spring is finally here. Time for a spring market review.

There are some great properties on the market in Provincetown with more to come as the spring/summer market heats up. I’ll begin with a review of the affordable entry level market .

Affordable Entry Level

The affordable entry level market generally includes those properties priced from $100K to $400K and is loaded with surprising options and is a great way to enter the real estate market in town – either for your own vacation or year round use or as an investment/rental property.  Buyers are always surprised at what they can get in this segment of the market. Comfort, location, space and value!.  There are 59 properties on the market in this segment, all are condos except for 1 single family listing. These  represent 36% of available properties.  The average asking price is $306K and the average size of available properties in this segment is 607 square feet.  9 of my favorite are pictured below.  Just click on the address and you’ll see the full listing information on Beachfront-Realty.com.

104 Bradford St #8, 1/1, 163 sf, $199K
104 Bradford St #8, 1/1, 163 sf, $199K
22 Pearl St #4, $239K, 1/1, 231 sf.
22 Pearl St #4, $239K, 1/1, 231 sf.
353 Commercial St # 18, $$289K, 1/1/, 208 sf.
353 Commercial St # 18, $$289K, 1/1/, 208 sf.

 

 

 

 

 

 

 

3 Freeman St #5, $325K, 2/1, 700 sf.
3 Freeman St #5, $325K, 2/1, 700 sf.
495 Commercial St #19, $379K, 1/1, 549 sf.
495 Commercial St #19, $379K, 1/1, 549 sf.
4 Bayview Ave, $389K, 2/1, 512 sf.
4 Bayview Ave, $389K, 2/1, 512 sf.

 

 

 

 

 

 

 

 

4 Bradford Acres # G, $399K, 1/2, 813 sf.
4 Bradford Acres # G, $399K, 1/2, 813 sf.
10 Seashore Park #V, $399K, 2/3, 1,310 sf.
10 Seashore Park #V, $399K, 2/3, 1,310 sf.
104 Bradford St # 11, $399K, 1/1, 531 sf.
104 Bradford St # 11, $399K, 1/1, 531 sf.

 

 

 

 

 

 

 

 

Waterfront condos, charming mid town pied a ter’s, or spacious townhouses. The affordable entry level market in Provincetown is full of  property choices at very reasonable prices.

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Sale Of The Week

It is hard to believe that you can still buy a single family home for under $600K in Provincetown, let alone a relatively new 4 bedroom 4 bath property with a great yard and super location. 70 Race Point Road is a 4 bedroom 4 bath  2,736 square foot single family home …and it sold for $585K, $213 per square foot!   The quality and size of this house is exceptional and it even has a large guest suite with a separate entrance on the lower level. The new owners could not be happier.

 

70 RPR 1

 

 

 

 

 

 

MLS Copy: You’ll love living so close to Beech Forest, the bike trails, the National Seashore and Race Point Beach and yet a quick bike ride or walk to Town Center. This very generously sized home features wood flooring, high ceilings, living room with gas fireplace, spacious deck, kitchen with breakfast bar open to the dining room overlooking the front porch and mature plantings in the front garden. There are four bedrooms, 3 1/2 baths, a master suite, laundry room. The Master bedroom suite boasts a private bath with a soaking tub and a walk-in closet. Part of the lower level is a beautifully finished , comfortable, private-entrance guest suite, leaving plenty of room for storage. Built by the present owner in 2003, it’s evident that great attention to detail was paid to make this home exceptional in style, size and finish quality.

 

70 RPR 4

70 RPR 3

70 RPR 2

RPR 5

 

 

 

 

 

 

You can get an idea from these few photos how large the rooms are. The surrounding yard and decking is a huge bonus.

 

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Listing Of The Week

51 Harry Kemp Way #1. This is a 3 bedroom and 2 bath townhouse condominium in the Harry Kemp/Outer Cape Health neighborhood. It has a terrific homey feel and good flow, with a wide open bright and airy first floor plan which is great for entertaining. And look at the farmers porch and the huge front yard. Two bedrooms are on the second floor and a third bedroom, den is on the entire third floor. This property is being marketed for $625K.

 

51 HKW 1

 

 

 

 

 

 

 

 

MLS Copy: Gardener’s delight. Three spacious floors of living lend this townhouse condominium the feel of a single family home. From the ample farmer’s porch you enter an open-plan living room, kitchen and dining area with hardwood floors throughout and a gas log fireplace. A full bath, newly upgraded, completes this floor. The second floor has two bedrooms and a second full, newly tiled bath. The third floor bedroom can also serve as den or home office. Beautifully maintained, the home also has superlative outdoor space: three decks,and a huge beautifully landscaped yard. Amenities include a basement, a garage, a laundry and central air conditioning, and parking for 3 cars. All 5-10 minutes’ walk from shopping, restaurants, galleries and the harbor. Weekly rentals and pets allowed.

 

51 HKW 3

51 HKW 2

51 HKW 4

51 HKW 5

 

 

 

 

 

 

51 Harry Kemp Way #1, a great townhouse value.

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Affordable Water Views

Below is a great new townhouse listing of ours at 4 Willow Dr #9.  This is a 2 bed, 2 bath condo with 1,065 square feet for $579K. Check out the water views!

 

4 Willow 1

4 Willow 2

4 Willow 4

4 Willow 3

 

 

 

 

 

 

MLS COPY: Spectacular water views from hilltop East End Townhouse. Enter great room kitchen dining living open to 1st deck. Half bath with laundry complete this level. Up one floor to observatory room, currently used as a home office and den, with large walk out roof deck and panoramic views. Lower level has two good size bedrooms and a full bath and a 3rd deck. Wall unit AC on each level. LP gas Rinnai FHA heat main level. 1 parking space plus ample guest parking. Pets okay for owners. One month minimum for rentals.

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Sold In March In Provincetown

March was a challenge weather wise, but regardless of blizzards and cold weather the market was active.  I have highlighted a few of my favorite properties that sold in March. As you will see in The Goode and Farmer Report for the first quarter which will be out soon, sales of condos were very strong and average prices were up too. Even with the weather problems…commerce continued – a sure sign that buyer demand remains strong.

22 Pearl St #3 was one of our favorite condos to show.  It was a fun combination of funky Provincetown charm, great space, and a superb location. It is a 2 bedroom 1 bath condo with 877 square feet and sold for n$426K.

 

22 Pearl 2

22 Pearl 1

22 Pearl 4

22 Pearl 3

 

 

 

 

 

MLS COPY: Great location in this sunny top floor 2 bedroom just steps to Commercial Street, located on a quaint street near the center of town. Enjoy the exclusive large exclusive deck and roomy living room with an open floor plan into kitchen area. Lots of old mixed with a contemporary flair. The large master bedroom features antique wide pine plank floors, half barrel ceiling and an interesting alcove within the bedroom. Upgrades include plumbing and electrical systems and the attic area in this condo has been recently insulated. One parking space, Weekly rentals permitted and pets for owners allowed.

 

38 Franklin St #2 was another great condo with a big private deck atop Franklin Street.  It is a 1 bedroom 1 bath condo with 600 square feet and sold for $399K.

 

38 Franklin 1

38 Franklin 3

38 Franklin 4

38 Franklin 2

 

 

 

 

 

MLS COPY: This bright and airy, top floor, 1BD, 1BA condo is part of a small association, conveniently located in the West End and minutes to Commercial St. The recently upgraded kitchen is part of the open concept kitchen, living, and dining area. Sliders lead from the living area to the large and exclusive westerly facing deck – perfect for viewing sunsets! A large bedroom and bath with walk-in shower and additional storage complete this well maintained, move-in ready home. Hardwood and tile floors throughout. Shared laundry facilities and storage are provided in the common basement. Oil heat, hot water, water and ongoing sewer costs included in the low monthly association fee. Parking.

 

1 Railroad Ave was another favorite as it was the most inexpensive single family house on the market for a long time. It has 1 bedroom and 2 baths and 900 square feet.  It sold for $445K .

 

1 RR 41 Railroad Ave. 2/3, $469K1 Railroad 21 RR 3

MLS COPY: Charming centrally located single family home. Own a nicely renovated two level, one-bedroom, two-bath home conveniently located in the center of town for the price of a condominium! The top floor bright living area has expansive northern light windows, hardwood floors, a modern kitchen with an island, full bath with laundry, a loft den and deck. The entry level has a spacious foyer, an office area and a bedroom with bath en suite and sliders that open to the rear gardens and patio area. Oil heat, parking private yard!

 

4 West Vine Street, one of the great houses in the West End sold for $1.225M.  It is a two family home with 2,014 squatter feet.

 

4 West Vine 1

4 West Vine 2

4 West Vine 4

4 West Vine 3

 

 

 

 

 

MLS COPY: Rarely available West End home! This antique two-family is supremely located in the heart of the historic West End village, just steps to the beach. The 1st floor is beautifully renovated with gleaming pine floors, 2 amply sized bedrooms each with en-suite tiled bathrooms, granite counters, a large dining area, gas fireplace, and office nook. The unit is accessed from the front yard, with its lush lawn, surrounded by a white picket fence. Upstairs, the other apartment has a large living room with a view to the water past Captain Jack’s wharf, a formal dining room, kitchen, bedroom and bath. On site parking & lovely grounds round out this offering. Enjoy turnkey rental income from both units, convert the property to condos,or combine both units into a single family.

 

 

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New To Market In Provincetown – Perfect West End 2 Bedroom Plus Den

 46 Pleasant Street #A, Provincetown MA

Perfect in every way.  This West End condo has everything! 2 bedrooms and a 1 1/2 baths, along with a large den/family room  for entertainment or extra guests. This home has 1,070 square feet, and two great outdoor spaces, numerous upgrades, 2 parking spaces and a coveted location in the West End.

 

outside 2

outside 1

outside 3

 

 

 

 

 

 

The open floor plan is great for entertaining and light and bright with windows on 3 sides. The kitchen is newly renovated with granite counters, white cabinets and hardwood floors.  There is a full laundry in the renovated half bath directly off the kitchen. The living room has a gas fireplace and there is a separate dining area in the sunny northeast corner of the house.

 

living room

fireplace and stairs

living to dining 1

kitchen 1

 

 

 

 

 

 

There are two great outdoor spaces including a large private fenced in deck in the back  of there condo for grilling and dining. There is plenty of room for relaxing and dining on the front deck and on the patio/garden too – and just enough garden for satisfying a green thumb.

 

bedroom 1

bedroom 2

bathroom 1

 

 

 

 

 

 

There are two bedrooms upstairs along with a full bath which has just been beautifully renovated. Both bedrooms are good size and sunny.

 

den family room peg

On the lower level is a den-family room that is perfect for additional guests with room enough for a large sitting area and sleeping area.

The association is small and well managed with low condo fees. There is central heat and air provided by four split systems. There are two parking spaces directly in front of the condo.  This property  has an excellent rental history with many repeat renters. Best of all is the location – just 1 1/2 blocks from Commercial Street in what many consider the most desirable residential neighborhood in the West End.

 

We are thrilled to be offering 46 Pleasant Street to the market for $595,000.

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Favorite Seasonal And Weekly Rentals In Provincetown

My pick of favorite rentals.

February 23, 2014

As you know seasonal rentals are tough to find in Provincetown.  Below are two incredible rentals that are still available.

596 C 3

596 C 2jpeg

596 C

 

 

 

 

 

Commercial Street 2 bedroom condo with 2 bathrooms and a water view. “Located across the street from the beach with deeded beach access. Good water view from second floor master bedroom and deck. 1000 Square Foot 2BR, 2 story townhouse. 2 full baths. Master has queen size bed and there are two twins in the other bedroom. Nicely appointed with new furniture by a professional designer. 1 car parking. Stack laundry in unit. No pets. Quiet association with mostly owner occupied units. $20,000.”

 

deck view 2

living room

kitchen

 

 

 

 

 

Centrally located 2 bedroom plus den. “This contemporary single family is located on a beautiful pond just a 6 minute walk to the Boatslip. 2 master suites plus a den will sleep up to 6. 3 full baths. AC. Hot tub. Sauna. Ample parking. Fully equipped chefs kitchen with gas cooking, large dining area, large full length rear deck directly off living room with a sheltered dining area,. Upstairs suite has a private deck overlooking pond and conservation land and a meditation room. The owners will consider allowing a dog under 50 lbs. Dog cannot be allowed in the pond due to conservation rules. $23,000.”

 

Weekly rentals are easier to find and this waterfront 2 bedroom  is absolutely adorable,  located between the Coast Guard Station and The Red Inn.

41 C 3 fb1872e10a.1.10

41 C

41 C 4

 

 

 

 

 

“Second floor condo in quiet building with multiple windows that reveal beach, street, many species of birds, and all phases of the sun. Two generous bedrooms (queen & 2 twins), fully-stocked kitchen; fine linens; window AC (cross ventilation is great); 450 feet of breathtaking beach right outside your door. Located in the historic Masthead Resort, you have full access to amenities: great swimming at high tide, long walks towards the horizon at low tide, sundeck on water, awesome gardens that flower all summer. Enjoy a short walk further west to the jetty, even shorter walk to The Red Inn’s oyster bar or Relish (the home of homemade cupcakes and killer sandwiches!), or a quick hike or bike to ocean beaches. Walking East, you are 15 minutes from town center – art galleries, shops, restaurants, movies, cabaret, water sports, library, fishing and whale watching, and the non-stop street fair created by the visitors and residents of our lovely Provincetown in summer.”

Check out the links to any of these or give us a call at 508-487-1397 for more information.

 

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The Least Expensive in Provincetown

The least expensive condo and single family listings available in Provincetown.

February 11, 2014

It is hard to believe but you can buy a single family home for $479K in town.  28 Nelson Ave  is a 3 bedroom, 1 bath home with 1,320 square feet.

 

28 Nelson Ave

26 Nelson 2

26 Nelosn 4

26 Nelosn 3

 

 

 

 

 

MLS copy: Don’t miss your opportunity to own a spacious 3 bedroom single family home in a quiet neighborhood of Provincetown. There is a full walkout basement that could be finished for additional living space or can be used as storage. The living room features a wood burning fireplace and has an abundance of natural light. Recent upgrades include a Baxi propane heating system, new Title V septic, privacy fence and terraced gardens. The home is in good condition and has great potential.

There are a total of 48 single family properties on the market in Provincetown with that number sure to increase over the next few months as the spring market warms up. The average listing price is $1.508M. The average size is 2,570 square feet.

 

The least expensive condo is 963 Commercial #51 , a 1 bedroom, 1 bath unit with 258 square feet which is offered at $125K.

963 C

963 C 4

963 C 3

 

 

 

 

 

MLS copy: Walk to the pool or the beach from this wonderful escape. This property is a one bedroom, one bath unit at the Beach Point Club, a waterfront complex minutes from the center of town and on the flex bus route. A perfect beach getaway with a low monthly fee, this property includes use of the association in-ground pool, direct access to the beach and assigned parking. Enjoy your exclusive front patio for morning coffee and exclusive back deck with bay views for afternoon relaxation. Currently used seasonally, unit may be converted to year-round use with approvals. Weekly rentals allowed and pets for owners.

 The entry level price point for condos in Provincetown is a big segment of the market.  There are 37 condos available priced below $350K. The average condo in  this segment is listed at $248K and has 563 square feet.We are always surprised at what buyers can get for relatively little money.   Many are waterfront or beachfront, and some are  located in condo associations with swimming pools and other amenities.

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WA – Unique Opportunity – Commercial Condo For Sale

The home of  WA the most valuable commercial property in Provincetown is being offered for sale or lease. Located on a highly trafficked block of Commercial Street in the center of town, WA is a beautiful destination retail store with incredible street appeal with gardens in front and a spectacular Zen garden showcasing numerous water features in the rear. The store has multiple display windows and a flexible interior space housing close to 4,000 square feet of space including 2,400 sf showroom/store and a 1,600 sf storage/office area. This is an opportunity to own a turnkey commercial condo providing an immediate and substantial retail presence in Provincetown for an existing or new business.

WA front

 

 

 

 

 

 

 

 

Crossing the threshold one enters an environment diametrically opposite the busy street scene behind. Handicapped accessible, the red painted historic front doors beckon shoppers into an array of intriguing and beautiful merchandise.  The thoughtfully designed retail space includes shops within shops, an orderly arrangement of display spaces down the sides and the center of the space. With partially vaulted ceilings and additional skylights the interior space is attractive and bright. There is a separate office, and  3 storage spaces, and a  1/2 bath. There is central air conditioning, upgraded electric service, gas fired heat.  The space is newly remodeled and in very good condition.

 

interior2

interior1

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The Wa gardens, which extend from the front of the store alongside the walkway into the shade filled Zen-like back gardens, exemplify the WA culture outdoors. Tom Rogers Wa’s creator designed a space that would stimulate all of ones senses.

 

garden2

garden1

 

 

 

 

 

 

Buy the commercial condo with or without the business or lease the store. WA has a solid 18 year track record and operation systems are solidly in place. This property is perfect for anyone looking to open a retail operation in a successful existing location,  relocating their existing business to Provincetown, or acquiring a very successful retail company and its real estate.

Call Bill or I if you have any questions about this unique opportunity.