$9,990,000
●
House -
For Sale
965-973 Hale Street
Beverly, MA 01915
7 Beds
6 Baths,
1
Half Bath
9,627 Ft²
$54,134
Est. Monthly
About This Property
Tucked away on 27 pristine acres along Massachusetts' famed Gold
Coast, Malt Hill is a rare legacy estate offering privacy and
oceanfront beauty. At its heart stands a striking three-story
residence distinguished by its stucco facade, slate roof, and
stately chimneys. Inside, rich architectural details pay homage to
its grand origins and create an ambiance of warmth and
sophistication. Beyond the main home, the estate unfolds into a
world of unparalleled amenities: a carriage house with three
residential units, gunite swimming pool, tennis court, and peaceful
pond. A quaint "oyster camp" overlooks the tidal marsh, offering a
front-row seat to the rhythms of nature. Most remarkable, however,
is the estate's private 3.8-acre beachfront-a secluded stretch of
coastline where the ocean meets the horizon. With easy access to
Boston, Malt Hill is the perfect retreat for those seeking both
tranquility and convenience. A true masterpiece, ready for its next
chapter of refined coastal living.
Unit Size
9,627 Ft²
Days on Market
-
Land Size
27.23 acres
Price per sqft
$1,038
Property Type
House
Property Taxes
$5,081
HOA Dues
-
Year Built
1900
Listed By
Brackett Janis Group
Engel & Volkers By the Sea
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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: 26 days ago (MLSPIN #73391908)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2025 | Listed by Engel & Volkers By the Sea | $9,990,000 | |
| Listed by Engel & Volkers By the Sea | |||
| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
| Jun 20, 2024 | Listed by Compass | $12,000,000 | |
| Listed by Compass | |||
| | |||
|
Iconic Malt Hill, a 27-acre estate in Beverly Farms with private beach, is on the market for the first time in 50 years. One of a few intact summer estates from the late 1800’s era of Hale Street “cottages”, Malt Hill is an exceptionally private compound that includes a primary residence with unparalleled ocean views, a carriage house with three residential units, 3.8 acres of private beach, a delightful “oyster camp” overlooking an oyster farm on the tidal marsh, a gunite swimming pool, tennis court and pond. The exterior of the 3-story main residence is grand and memorable, with a warm stucco facade, slate roof, widow’s walk, and tall chimneys, while inside the home’s rich architectural details recall its “Gold Coast” origin with fireplaces in every room, a great room off the foyer, and an oval dining room with carved oval wood panels outlined in gold leaf. Truly a tour de force that awaits new owners and new life, just minutes from commuter rail and route 128 to Boston.
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Property Highlights
Parking Available
Fireplace
Parking Details
Has Open Parking
Parking Features: Paved, Off Street, Paved
Open Parking Spaces: 22
Interior Details
Half Bathrooms: 1
Full Bathrooms: 6
Interior Features: Entrance Foyer, Bathroom - Full, Sun Room, Bedroom, Bathroom
Appliances: Water Heater, Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Carpet, Flooring - Stone/Ceramic Tile
Laundry Features: Second Floor
Rooms: 26
Has Fireplace
Fireplace Features: Dining Room, Family Room, Living Room, Master Bedroom
Fireplaces: 7
Basement: Full, Walk-Out Access, Interior Entry, Unfinished
Exterior Details
Square Footage: 9627
Year Built Source: Public Records
Year Built: 1890
Waterfront Features: Waterfront, Ocean, Walk to, Private, Frontage, 0 to 1/10 Mile To Beach, Beach Ownership(Private)
Building Area Total: 9627
Other Structures: Guest House
Building Area Units: Square Feet
Construction Materials: Frame, Brick, Stone
Patio and Porch Features: Deck, Patio, Deck - Roof
Pool Features: In Ground
Pool is Private
Lot Features: Wooded, Easements
Lot Size Area: 27.23
Lot Size Units: Acres
Lot Size Acres: 27.23
Lot Size Square Feet: 1186138
Water Source: Public
Financial Details
Tax Assessed Value: $5,548,000
Tax Annual Amount: $60,972
Utilities Details
Cooling Type: None
Heating Type: Natural Gas, Fireplace(s), Fireplace(s)
Sewer : Public Sewer, Private 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