42
Map
$3,650,000
↓ $100K (2.7%)
●
House -
For Sale
244 Ocean Avenue
Marblehead, MA 01945
4 Beds
5 Baths,
1
Half Bath
6,241 Ft²
$20,431
Est. Monthly
About This Property
Spacious and bright Marblehead Neck home with ocean views, deeded
beach rights and a separate waterfront lot that is included with
the sale. The main living areas are open-concept and perfect for
entertaining! The dramatic primary suite has cathedral
ceilings, a spacious sun-lit solarium, a luxurious marble bathroom
and a separate fire-placed whirlpool/spa room. The home has 3 other
bedrooms (one which can be a home office) plus a guest/au
pair/in-law suite. Some of the many amenities include; the
flexibility of the open living room/dining room/sitting room
combination, 5 1/2 bathrooms, large fire-placed family room,
numerous decks with ocean views, large sauna, exercise room, heated
outdoor pool, fire-placed recreation room and heated 2-car attached
garage. The property has deeded Beach Rights just steps away
and owns an ocean-front parcel of land across the street on Ocean
Avenue.
Unit Size
6,241 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$585
Property Type
House
Property Taxes
$2,508
HOA Dues
-
Year Built
1960
Listed By
Traci Howe
Sagan Harborside Sotheby's International Realty
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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: 9 days ago (MLSPIN #73528472)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$3,650,000
↓ $100K
(2.7%) | |
| Price Decreased | |||
| Jun 2, 2026 | Listed by Gibson Sotheby's International Realty | $3,750,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| Dec 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 10, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Apr 8, 2025 | Listed by Sagan Harborside Sotheby's International Realty | $3,990,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| | |||
|
Spacious and bright meticulously maintained Marblehead Neck home with ocean views and deeded beach rights.The dramatic primary suite has cathedral ceilings, a spacious sun-lit solarium, a luxurious marble bathroom and a separate fireplaced whirlpool/spa room. The home has 3 other bedrooms (one which doubles as a home office) plus a fully appointed guest/au-pair suite. Some of the many extras with this property are the 5 1/2 bathrooms, sauna, exercise room, heated outdoor pool, wood-working shop/family room and heated 2-car attached garage..The floor-plan and style of this home, along with 2 bars, the numerous decks and inground heated pool with pebbletec finish make this the perfect house for entertaining! The property has Beach Rights (off of Sargent Road) and owns an ocean-front parcel of land across the street on Ocean Avenue.
| |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage Door Opener, Heated Garage, Off Street, Driveway
Garage Spaces: 2
Open Parking Spaces: 6
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Cathedral Ceiling(s), Open Floorplan, Wet Bar, Bathroom - Half, Bathroom - Full, Bathroom - Tiled With Shower Stall, Lighting - Overhead, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Closet, Steam / Sauna, Bathroom, Sun Room, Inlaw Apt., Exercise Room, Great Room, Sauna/Steam/Hot Tub
Appliances: Gas Water Heater, Water Heater, Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Range Hood, Instant Hot Water, Stainless Steel Appliance(s)
Flooring Type: Wood, Tile, Carpet, Marble, Laminate, Flooring - Stone/Ceramic Tile, Flooring - Marble, Flooring - Wall to Wall Carpet
Door Features: French Doors, Insulated Doors
Laundry Features: Washer Hookup, Sink, Dryer Hookup - Electric, Second Floor
Rooms: 12
Has Fireplace
Fireplace Features: Family Room, Kitchen, Living Room, Master Bedroom, Bath
Fireplaces: 6
Basement: Full, Finished, Walk-Out Access, Interior Entry, Concrete, Garage Access
Exterior Details
Square Footage: 6241
Security Features: Security System
Year Built Source: Public Records
Year Built: 1960
Waterfront Features: Beach Access, Harbor, Ocean, Direct Access, 0 to 1/10 Mile To Beach, Beach Ownership(Private, Deeded Rights)
Building Area Total: 6241
Levels: Multi/Split
Building Area Units: Square Feet
Window Features: Skylight(s), Insulated Windows
Construction Materials: Frame, Stone
Patio and Porch Features: Deck, Patio, Deck - Exterior, Deck - Composite
Pool Features: Pool - Inground Heated
Pool is Private
Lot Size Area: 0.52
Lot Size Units: Acres
Lot Size Acres: 0.52
Lot Size Square Feet: 22999
Water Source: Public
Financial Details
Tax Map Number: 903
Tax Assessed Value: $3,503,600
Tax Annual Amount: $30,096
Utilities Details
Cooling Type: Central Air
Heating Type: Baseboard, Natural Gas, Fireplace(s)
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Address: 335 Madison Avenue, New York, NY 10017