24 Katama Bay View Road Edgartown — Photo 1 of 26
Recent Drop: $150,000
$7,850,000
Investment Analysis — 24 Katama Bay View Road
Edgartown, MA 02539 — Katama
Based on HUD Small Area Fair Market Rent for Dukes County, MA, a 4-bedroom in 02539 carries an estimated $3,430/mo in gross rent — about a 0.19% cap rate and $15,266/yr in estimated NOI at the $7,850,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
5
SqFt
5,884
Style
Single Family
Built
2006
This classic New England home in Katama offers a refined blend of timeless architecture and modern comfort, set on a spacious, beautifully landscaped lot. The main house features three well-appointed bedrooms, including a light-filled primary suite and inviting guest rooms designed for comfort and privacy. The open-concept living area is ideal for entertaining, highlighted by a cozy fireplace and large windows overlooking the manicured grounds. French doors lead to a deck perfect for outdoor dining and relaxation. A state-of-the-art media room with plush seating and a large screen provides the ultimate space for movie nights or game days, with a wine cellar just steps away. The carriage house includes a three-car garage with a spacious one-bedroom apartment above. Located beside Sheriff’s Meadow Conservation land with public access to Katama Bay, and just minutes to South Beach and downtown Edgartown.
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 5,884 sq ft principal dwelling). Lot size: 44,866 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer • Wine Refrigerator
Neighborhood
Walk/Jog Trails • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondFlooring - Hardwood, Balcony / Deck, French Doors, Open Floorplan
Dining Room
Lvl SecondFlooring - Hardwood, Balcony / Deck
Kitchen
Lvl SecondFlooring - Hardwood, Flooring - Wood, Dining Area, Kitchen Island, Wet Bar, Gas Stove
Family Room
Lvl FirstBathroom - Half, Flooring - Hardwood, French Doors, Wet Bar, Deck - Exterior
Primary Bedroom
Lvl SecondBathroom - Full
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstBathroom - Full, Fireplace, Flooring - Hardwood, French Doors, Deck - Exterior, Exterior Access
Property History
$7,850,000
Was $8,000,000
Apr 30, 2026
MLS® 73504170
$8,000,000
Apr 20, 2026
MLS® 73504170
Listing Agent: Thomas Wallace
Listing Office: Wallace & Co. Sotheby's International Realty
MLS® Number: 73504170