Essex
239 Summer
42
Map
$17,500,000
↓ $2M (10.3%)
●
House -
For Sale
239 Summer
Manchester, MA 01944
5 Beds
4 Baths,
2
Half Baths
7,263 Ft²
$93,265
Est. Monthly
-0.09%
Cap Rate
About This Property
Welcome to a truly exceptional 7.4-acre oceanfront estate in
Manchester-by-the-Sea, offering direct access to the soft sands of
Graves Beach-your private shoreline retreat. This rare two lot
property blends classic New England charm with resort-style living,
featuring panoramic water views and extraordinary privacy along one
of the North Shore's most desirable coastlines. The home offers two
primary suites-one on each floor-ideal for flexibility and comfort.
The grounds showcase mature, curated landscaping cultivated over
decades. Additional features include a stone bungalow overlooking
the beach, a caretaker's house on separate lot, detached garage,
and an ocean-facing pool and jacuzzi. Enjoy unforgettable sunrises
and elegant coastal entertaining-all just 45 minutes from downtown
Boston.
Unit Size
7,263 Ft²
Days on Market
-
Land Size
7.40 acres
Price per sqft
$2,409
Property Type
House
Property Taxes
$7,336
HOA Dues
-
Year Built
1997
Listed By
Lanse Robb
LandVest, Inc., Manchester -by-the-Sea
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (MLSPIN #73386848)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2026 | Price Decreased |
$17,500,000
↓ $2M
(10.3%) | |
| Price Decreased | |||
| Jun 6, 2025 | Listed by LandVest, Inc., Manchester -by-the-Sea | $19,500,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
Property Highlights
Garage
Parking Available
With View
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Detached, Paved, Off Street
Garage Spaces: 6
Open Parking Spaces: 20
Interior Details
Half Bathrooms: 2
Full Bathrooms: 4
Interior Features: Entrance Foyer, Office, Mud Room, Media Room, Game Room
Appliances: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Flooring Type: Wood, Tile, Carpet
Laundry Features: First Floor
Rooms: 14
Has Fireplace
Fireplaces: 3
Basement: Full, Partially Finished, Interior Entry
Exterior Details
Square Footage: 7263
Architectural Style: Colonial, Bungalow, See Remarks
Year Built Source: Public Records
Year Built: 1997
Waterfront Features: Waterfront, Ocean, Direct Access, Frontage, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Private)
Building Area Total: 7263
Other Structures: Guest House
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Screened, Deck, Patio
Pool Features: Pool - Inground Heated
Pool is Private
Lot Features: Cleared, Sloped, Easements
Lot Size Area: 7.4
Lot Size Units: Acres
Lot Size Acres: 7.4
Lot Size Square Feet: 322344
Water Source: Public, Private
Financial Details
Tax Assessed Value: $9,621,500
Tax Annual Amount: $88,036
Utilities Details
Cooling Type: Other
Heating Type: Natural Gas
Sewer : Private Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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