11 Pilgrim Heights Road is a three bedroom, two bath single family home with 1,803 square feet.It is being marketed for $1.499M. Pilgrim Heights Road is in the far West End close to The Moors and Herring Cove Beach.
MLS Remarks: West End contemporary perched high on hill with dune and bay views. It was built in 1983, had a major remodel in 1994 and it is time to do it again. The core of the house is a hexagon centered by a field stone chimney. Upside down floor plan with living and kitchen on top open to a large deck and views. Bump out additions were added to the lower level to enlarge the bedrooms. Master with ensuite. Two bedrooms and baths are on the lower level and both walk out to another large deck. Over sized garage with one stall plus work shop/studio. There is a third bedroom off of the main living area presently used as a home office.
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29 Point Street is a new single family home with four bedrooms and five baths in 3,300 square feet. It is located on a charming West End lane which has recently evolved into a luxurious cul de sac.. It is being marketed for $3.149M.
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MLS REMARKS: Point Street has long been one Provincetown’s most exclusive west end neighborhoods and this newly constructed residence is a standout on every level! Sited at the end of bucolic Point Street, the home has a commanding presence with lovely views of the surrounding greenery and gardens. Built by Cape Associates, fine workmanship and attention to detail are apparent throughout this property that offers 3300 square feet of interior living area with 4 bedrooms and 4.5 bathrooms. The entry level, with open floor plan, is light filled with a wall of windows and French doors that open to an expansive deck, melding the inside with the out. The fieldstone gas fireplace and reclaimed schoolhouse oak floors set a beautiful warm tone to the home. In the kitchen, white wood cabinets with white marbled Silestone couple beautifully with the light gray center island with gray counter top. Listing courtesy of William Raveis Real Estate.
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8 Washington Avenue is a classic Cape in the near East End just off Commercial Street. It has four bedrooms, a den and three baths all in 1,634 square feet. It is being marketed for $1.895M. One of the best!!
MLS REMARKS: This handsome Classic Antique Provincetown home has been tastefully and thoughtfully updated to make a comfortable, easy to love, spacious home with lots of space for great entertaining. The open plan kitchen, living/great room opens out onto a very private patio, perfect for summer dinner parties, cocktails under the stars or an afternoon basking in the summer sun. There are four spacious bedrooms, a large den, 3 baths, nooks and crannies, perfect for a momentary escape with a good book or glass of wine – all of this just a half a block to the beach, shopping, fine dining, Provincetown’s world-renowned art galleries, nightlife and the summer ferry from Boston. In addition, there is a storage room that is just screaming to become a cabana/bar that leads onto the private patio. Listing courtesy of Seascape Realty.
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It has been an interesting Q1 , with weather issues, political issues, and the continuing stubborn lack of inventory. There are only 40 condos on the market vs 67 last year at this time.
Despite these issues condominium sales are set to surpass last years first quarter sales by close to 30% – 30 sales vs 20 sales last year. This is a good sign of continuing strength in the market. The average sale price is $507K and 60% of those sales were under $500K. This is a very popular price point and there were several really great properties that sold. Below are four examples.
Single family home sales have been sluggish with only four selling so far this year. Last year a total of 12 had sold in the first quarter. There are only 19 homes on the market vs 26 last year.
The economy remains strong even with the volatility in the stock market. Our outer Cape markets are feeling the same inventory pinch as markets nationwide – with absorption rates and prices increasing in both the condo and single family markets. Slightly higher interest rates should have little effect as rates have remained historically low.
Market performance will depend on new inventory entering the market coupled with buyer demand remaining strong. The complete Goode and Farmer Report will be out in early April. Look for it – and I will keep you updated throughout the spring market with new listings, current sales, and many other posts of interest.
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46 Shank Painter Road in Provincetown is a one plus bedroom three bath home with 2,208 square feet with rear frontage on Shank Painter Pond. It was listed for $875K and sold for $835K.
MLS Remarks: Pond front Cape with 3 floors of luxurious living located on Shank Painter Pond wildlife Sanctuary, only 2 blocks to Commercial Street. Dramatic, open-plan LR/DR framed by a wall of glass overlooking conservation land. High ceilings, glass doors leading out to large deck, hardwood with stone walls surrounding the fireplace. Sleek gourmet kitchen w/double wall ovens, 6 burner gas stove, wine cooler, subzero fridge. Full bath and a den that opens to a sheltered dining/sunning deck. The master bedroom suite is located on the lower level with double walk in closets, master bath and sauna. The second open plan bedroom suite, full bath, and a deck overlooks the pond on the upper level. Laundry room, outside shower, hot tub, central vac, storage, multiple car parking.
42 Great Hollow Road in Truro is a six bedroom two bath home with 2,073 square feet. It recently sold for $1.2M with a list price of $1.395M.
MLS Remarks: Come Live The Dream! Waterfront! 2.28 acres on Cape Cod Bay with private beach. Cute as a button, the two existing three-bedroom cottages are wonderful and have a strong rental history. Views to Provincetown, Plymouth and Dennis. Every sunset, every day! Drop a mooring in the Bay. 17 minutes by boat to Provincetown. The seasonal cottages can be removed and replaced with a single family year round home of your dreams. Bring your architect or builder today. Clearly one of the few remaining waterfront sites yet to be developed into luxury housing.
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331 Commercial Street is a multi unit commercial building with two commercial units and eight residential units. Moda Fina and Burger Queen are the two commercial tenants. The building has 4,582 square feet and is located on the waterside of Commercial treet in the center of town. It was being marketed for $3.450M and sold for $3.050M.
MLS Remarks: Located in the heart of Provincetown, this waterfront mixed-use property consists of 2 commercial and 8 residential units. On Commercial St, there is a 1,110 sf retail space currently leased to Moda Fina; 277 sf 26-seat restaurant home to the Burger Queen; second-floor 642 sf 2BD/1BA; and third-floor 505 sf 1BD/1BA with vaulted ceiling. Facing the beach, there is a second-floor 527 sf 1BD/1BA with water views and exterior deck; and third-floor 470 sf studio with vaulted ceiling and deck overlooking the harbor. On the beach, there are 4 freestanding cottages: 173 sf studio with full-bath; 160 sf studio with full-bath; 338 sf 1BD/1BA with beachfront deck; and 380 sf 1BD/1BA with beachfront deck. Excellent rental history. Developers take note of this rare investment opportunity.
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28 Cottage Street is a four unit multi family property ready for development. It was being marketed for $1.250M and recently sold for $1.250M. The building has a total of eight bedrooms and four bathrooms in its current configuration with 2,455 square feet. It has a great location and a decent size lot of 4,792 square feet.
MLS REMARKS: West End multi family renovation opportunity. Parking for 2-4 cars. Septic plan drawn but not yet approved by Board of Health.
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3 Race Road #D is a two bedroom two bath stand alone condo in the West End. It has 838 square feet. We are launching this property this week with a listing price of $789K.
MLS REMARKS: New windows, and new shingles on this two bedroom two bath freestanding condominium in the West End. Beautifully furnished and ready for the 2018 season.
Thoughtfully designed throughout, this two level cottage packs a lot in the square footage with a great use of space. The first floor has an open floor plan with a well sized living room with a gas fireplace. There is a granite and stainless kitchen with a dining alcove. The charming guest bedroom has vaulted ceilings and plenty of closet space. The custom full bath has unique stone work, including travertine and river rock. The laundry center is on this floor. The second floor master bedroom suite has vaulted ceilings, a water closet and stone and marble shower with heated flooring. There are many design details like mahogany doors and frosted sliding glass panels.The large exclusive use deck extends the living area and is great for outdoor entertaining. There is one parking space and weekly rentals are permitted.
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