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31 Shore Rd. Gloucester — Photo 1 of 42

31 Shore Rd. Gloucester — Photo 1 of 42

$4,500,000

Investment Analysis — 31 Shore Rd.

Gloucester, MA 01930 — Magnolia

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 7-bedroom in 01930 carries an estimated $3,390/mo in gross rent — about a 0.02% cap rate and $727/yr in estimated NOI at the $4,500,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

7

Baths

5.5

SqFt

6,367

Style

Single Family

Built

1889

A landmark of Magnolia's storied coastline, this extraordinary oceanfront estate has graced Shore Road since 1889. Set above the Atlantic on one of Cape Ann's most coveted seaside addresses, the residence masterfully blends timeless architecture with thoughtfully curated updates, creating a home that feels both historically significant and effortlessly livable. Sunlight pours through expansive windows, illuminating gracious rooms designed for intimate gatherings and grand entertaining alike, while six fireplaces add warmth and character throughout. Outside, terraces and gardens frame panoramic ocean vistas where the rhythm of the tides, passing sailboats, and spectacular coastal sunsets become part of everyday life. Just moments from Magnolia Village, beaches and miles of scenic conservation trails, this is a rare opportunity to become the next steward of one of the North Shore's most distinguished waterfront homes.

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 6,367 sq ft principal dwelling). Lot size: 19,166 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$4,500,000
Annual Taxes$30,190.47

Parking

Garage3
Off-Street9

Interior Specifications

Total Rooms12
Fireplaces6
FlooringTile, Marble, Hardwood, Pine, Flooring - Hardwood, Flooring - Wall to Wall Carpet, Flooring - Marble, Flooring - Stone/Ceramic Tile
BasementFull, Finished, Walk-Out Access, Interior Entry, Garage Access

Climate & Utilities

HeatingForced Air, Baseboard, Oil, Fireplace
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationConcrete Perimeter, Stone
ZoningR-20

Property & Lot

Acres0.44
SqFt Lot19,166
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 5
Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Dining RoomBathroom 1
Main,First
Living RoomKitchenFamily Room
Living Room
Lvl Main,First

Flooring - Hardwood, Window(s) - Picture, French Doors, Deck - Exterior, Recessed Lighting

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Lighting - Pendant

Kitchen
Lvl Main,First

Coffered Ceiling(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Pot Filler Faucet, Wine Chiller, Lighting - Pendant

Family Room
Lvl Main,First

Coffered Ceiling(s), Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Wainscoting

Primary Bedroom
Lvl Second

Bathroom - Double Vanity/Sink, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Bathroom - Full, Fireplace, Ceiling Fan(s), Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 4
Lvl Second

Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Pendant

Bedroom 5
Lvl Third

Ceiling Fan(s), Flooring - Hardwood, Wainscoting

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Marble, Wainscoting, Lighting - Sconce, Pedestal Sink

Bathroom 2
Lvl Second

Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Marble, Recessed Lighting, Slider, Lighting - Sconce

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Pedestal Sink

Listing Provided By

Listing Agent: Mcdermott Group

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73575037