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7 Pennacook Avenue, Oak Bluffs

$ 1,870,000
7 Pennacook Avenue,
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In the coveted Copeland District, steps from beach and town: An unparalleled palace of a property awaits the fortunate investor. Dunmere-by-the-Sea, a soaring, three-story edifice was once an elegant hotel of Oak Bluffs’ heyday as a swinging Victorian resort. For the past 40-plus years, this “wedding cake” with panaromic views of Nantucket Sound has served its owners well as a three-unit apartment building with vacation tenants from as near as Boston and as far as Budapest, including many longtime repeaters. Updates over the years have spared many elements of period charm, such as the mansard roof, substantial “gingerbread” trimmings and curvaceous interior stairway. Each unit enjoys bright and spacious floor-through living, with open common areas, full kitchens and baths, two-plus bedrooms and water views. They share use of a laundry, a deep wraparound porch, four parking spaces and generous yard space for lounging and cookouts. The raised finished basement, inclusive of full bath and laundry, has full windows and both indoor and outdoor entries. The opportunities abound: Glamorously upgrade or stay true to the “old school” cottage ambience. Continue the lucrative landlord tradition. Or create condominiums (subject to town permitting). Or go rogue and transform the building into your personal and amazing single-family domain. Property is eligible for tie-in to the town sewer.

Address: 7 Pennacook Avenue
Zip: 02557
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Property Id : 3518743
Price: $ 1,870,000
Property Size: 4,738 ft2
Property Lot Size: 0.15 ac
Rooms: 16
Bedrooms: 8
Bathrooms: 4.5
MLS #: 33956
Year Built: 1880
Furnished: Unfurnished
Flooring: wood
Zoning: R1
Water: Town
Sewer: Septic
Heat: None
Refrigerator: 4
Washer: 2
Dryer: 2
Stove: 4
TV: Cable
Yard: generous lawn
Parking: four off-street spaces
Foundation: concrete block
Floor 1: Main entry from common wraparound porch. Apartment One: Open living/dining area with egress to porch. Kitchen. Two bedrooms. Full bath.
Floor 2: Apartment Two: Open living/dining area. Kitchen. Three bedrooms. Full bath. Exclusive access to expansive outdoor wraparound deck. Common laundry area, with half bath, accessible to all three apartments via rear stairway.
Floor 3: Apartment Three: Open living/dining area. Kitchen. Two-plus bedrooms. Full bath.
Basement: Raised, finished basement with full windows. Hardwood floors! Common living area. Two bedrooms. Recently updated full shower bath. Piggyback washer/dryer. Storage. Indoor and outdoor entries.
Other Buildings: Detached outdoor shower. Garbage enclosure.
Second Dwelling: None
Beach Access - Public
Porch
Water Views
Deck
Garden
Coldwell Banker Landmarks

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  • Quick Overview

    • Bedrooms
      8
    • Bathrooms
      4.5
    • Square Feet
      4,738
    • Acreage
      0.15
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