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47 East Chop Drive, Oak Bluffs

$11,000,000

East Chop waterfront – Once in a lifetime, a property of this caliber becomes available, with an on-the-water East Chop location, a wide range of amenities, and multi-functional use! Uses include -- 1.) Currently operated as East Chop Harborfront Apartments, a pre-existing non-conforming use for the past 70+ years, 2.) Use it as a residential home or family compound, or live in a portion and rent a portion, 3.) Potential to convert to condominiums, paperwork presently in process but would be a buyers choice.

Located directly on the harbor, this property features outstanding water views of the harbor and sound beyond and is just steps from the tennis club, beaches, ferries to the mainland and downtown. In pristine condition, this 6-unit property includes a 106 ft dock with water/electric for 8 slips and a 40’ T at the end for a 9th boat. Parking for 6-7 vehicles at street in front. Built in 1952, the property has had extensive top to bottom renovations including new wiring, plumbing, insulation, heating/AC, and dredged dockage. Features include high end finishing in all units, as well as beautifully landscaped grounds. The first floor consists of three 1-bedroom units, each with new kitchen, living and dining areas and private covered front porches over-looking the water. The second floor consists of two 2-bedroom units each with kitchen, living and dining areas as well as private covered front porches. A separate detached year-round cottage apt unit with Murphy bed, kitchen, full bathroom and washer/dryer can serve as a rental unit or as live in office for a property manager/caretaker and, has an additional loft area with double bed for kids. Each apartment has electric baseboard heat plus mini-split heat/AC. Generator. Private outdoor shower with dressing area. On town sewer.

HIGHLIGHTS

Link ID 40564
Bedrooms 7
Baths 6
Rooms 20
Living Space 3888
Acreage 0.29
Water Frontage Bay/Harbor
Waterview
Yes
Commercial

FEATURES AND AMENITIES

Link ID
40564
Price
$11,000,000
Baths
6
Rooms
20
Living Space
3888
Acreage
0.29
Zoning
R2
Water Frontage
Bay/Harbor
Water
Town
Sewer
Town
Heat
Electric
2023 Tax Assessment
$4,377,700
Building Assessment
$1,561,600
Land Assessment
$2,816,100
Estimated Taxes
$23,114
Outdoor Spaces
Water Views
Deck
Community Tennis Court
Beach Access - Public
Garden
Porch
Year Built
1952
Fireplaces
1
Flooring
Mix of wood and tile
Listing Broker
MV Luxury Homes

47 East Chop Drive, Oak Bluffs

Copyright 2024 LINK MV. All rights reserved. Information deemed reliable but is not guaranteed.
Buyer note, 2% Land Bank fee.
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