Active
242 Days on market
2 Ocean Avenue Swampscott — Photo 1 of 42

2 Ocean Avenue Swampscott — Photo 1 of 42

Recent Drop: $200,000

$2,695,000
$2,495,000

$2,495,000

Investment Analysis — 2 Ocean Avenue

Swampscott, MA 01907

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01907 carries an estimated $4,090/mo in gross rent — about a 0.80% cap rate and $19,924/yr in estimated NOI at the $2,495,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

4

SqFt

6,205

Style

Single Family

Built

1930

This truly beautiful, restored, yet timeless seaside Mediterranean Estate is bound to captivate and transport you back to the elegance and grandeur of The Gatsby Era. Originally commissioned by a publishing magnate and designed by an award winning architect, this restored home w/ central A/C sits on a lush, private half acre+ lot with mature landscaping and new circular drive. Fresh cream colored stucco, newer terra cotta clay tile roof, expansive new blue stone patio and terrace evoke a year round grand summer feel. Inside, 9'+ ceilings, period Mahogany millwork, and coffered ceilings continue to impress. The private hedge lined yard is a true sanctuary, yet you are just 1/2 mile to the ocean,1928 Beach Club, popular beaches, and the conveniences of Vinnin Square, including Whole Foods. This timeless treasure with a recent refresh offers a seamless blend of coastal tranquility and urban connectivity. A rare legacy property for the most discerning of buyers!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 6,205 sq ft principal dwelling). Lot size: 25,905 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$2,695,000
Annual Taxes$17,377

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms11
Fireplaces1
FlooringTile, Marble, Hardwood, Flooring - Hardwood, Flooring - Vinyl
BasementFull, Finished, Walk-Out Access, Interior Entry, Radon Remediation System, Concrete

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofTile, Rubber, Clay
FoundationConcrete Perimeter
ZoningA1

Property & Lot

Acres0.59
SqFt Lot25,905
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Water Heater • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
OfficePrimary BedroomBedroom 2Bedroom 3Bedroom 4
First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl First

25 x 18

Coffered Ceiling(s), Flooring - Hardwood, French Doors, Lighting - Pendant, Decorative Molding

Dining Room
Lvl First

13 x 13

Flooring - Hardwood, French Doors, Lighting - Sconce

Kitchen
Lvl First

21 x 13

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting

Office
Lvl Second

13 x 12

Flooring - Hardwood

Family Room
Lvl First

41 x 20

Beamed Ceilings, Flooring - Hardwood, French Doors

Primary Bedroom
Lvl Second

29 x 20

Bathroom - Full, Wood / Coal / Pellet Stove, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second

17 x 15

Bedroom 3
Lvl Second

17 x 14

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Balcony / Deck

Bedroom 4
Lvl Second

16 x 13

Bathroom - Full, Flooring - Hardwood, Balcony / Deck

Property History

Terminated
$9,500

Sep 11, 2026

MLS® 73566795

Listed
$9,500

Aug 21, 2026

MLS® 73566795

Price Drop
$2,495,000

Was $2,695,000

Jul 27, 2026

MLS® 73468894

Listed
$2,695,000

Jan 15, 2026

MLS® 73468894

Expired
$9,995

Jul 1, 2025

MLS® 73343225

Listed
$9,995

Mar 9, 2025

MLS® 73343225

Sold
$1,400,000

Jan 30, 2025

MLS® 73307278

Listed
$1,499,000

Oct 29, 2024

MLS® 73307278

Listing Provided By

Listing Agent: Karen Butt

Listing Office: Compass

MLS® Number: 73468894