29
Map
$2,750,000
●
House -
In Contract
372 Ocean Avenue
Marblehead, MA 01945
7 Beds
4 Baths,
1
Half Bath
5,306 Ft²
$15,412
Est. Monthly
About This Property
Historic Elegance Meets Modern Luxury on Marblehead Neck. Set along
prestigious Ocean Avenue, directly across from iconic Castle Rock,
this magnificent 1880 Gambrel blends timeless character with
thoughtful modern updates. Lovingly held by the same family for
generations, the home has been expanded to offer over 5,300 square
feet of gracious living space, featuring 7 bedrooms and 4.5 baths,
plus a spacious 1,200 sq.ft. basement. Ocean & Harbor views
included with the home. The half-acre property includes an outdoor
pool, four-car garage, and additional driveway parking. Just steps
to Castle Rock Beach and moments from downtown Marblehead, Shubie's
Market, acclaimed restaurants, and the Historic District, this is a
rare opportunity to own a distinguished residence in one of the
North Shore's most coveted coastal enclaves, ideal for
entertaining, everyday living, and creating lasting legacy moments.
Unit Size
5,306 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$518
Property Type
House
Property Taxes
$1,909
HOA Dues
-
Year Built
1880
Listed By
Paul Huang Team
Keller Williams Realty-Merrimack
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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: 23 days ago (MLSPIN #73520018)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| May 15, 2026 | Listed by Coldwell Banker Realty - Boston | $2,750,000 | |
| Listed by Coldwell Banker Realty - Boston | |||
| Dec 2, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 16, 2025 | Price Decreased |
$2,995,000
↓ $205K
(6.4%) | |
| Price Decreased | |||
| Jul 15, 2025 | Listed by Coldwell Banker Realty - Boston | $3,200,000 | |
| Listed by Coldwell Banker Realty - Boston | |||
| | |||
|
Historic Elegance Meets Modern Luxury on Prestigious Marblehead Neck. This magnificent 1880 Gambrel home offers timeless charm on over half an acre along coveted Ocean Avenue. Thoughtfully expanded over the years, this impressive residence features 7 bedrooms, 4.5 bathrooms, and 5,300 square feet of gracious living space, plus a generous 1,200 square foot basement.The property boasts an outdoor pool, 4-car garage, and additional driveway parking for four more vehicles. Located just steps from Castle Rock Beach on Marblehead Neck, one of the North Shore’s most prestigious addresses, this rare offering combines historic character with modern functionality in an unparalleled waterfront community. Perfect for those seeking a distinctive home with room to entertain, work, and relax in one of New England’s most sought-after coastal enclaves.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Paved, Off Street, Paved
Garage Spaces: 3
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Entrance Foyer, Closet, 1/4 Bath, Bedroom, Walk-up Attic
Appliances: Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Flooring Type: Wood, Tile, Vinyl, Carpet, Flooring - Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup, First Floor
Rooms: 11
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Full, Finished, Interior Entry
Exterior Details
Square Footage: 5306
Year Built Source: Public Records
Year Built: 1880
Waterfront Features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Area Total: 5306
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s), Window(s) - Stained Glass
Construction Materials: Frame, Stone
Patio and Porch Features: Porch, Deck, Patio
Pool Features: Pool - Inground Heated
Pool is Private
Lot Size Area: 0.55
Lot Size Units: Acres
Lot Size Acres: 0.55
Lot Size Square Feet: 23762
Water Source: Public
Financial Details
Tax Assessed Value: $2,530,700
Tax Annual Amount: $22,903
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Baseboard, Natural Gas
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017