Active
2 Days on market
31 Shore Rd. Gloucester — Photo 1 of 42

31 Shore Rd. Gloucester — Photo 1 of 42

$4,500,000

31 Shore Rd., Gloucester, MA 01930

Gloucester, MA 01930 — Magnolia

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$707/sqft
Local Avg (Gloucester)$703/sqft
1% AboveMarket Average

* Analysis is based on 15 actively listed and recently sold comparable properties strictly within Gloucester, MA.

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
Master 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

Master 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

Population

30,075

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

36.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

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.

Full Gloucester, MA market report ZIP 01930 market data
Listing Provided By

Listing Agent: Mcdermott Group

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73575037

Browse More Homes in Gloucester

Explore other active listings in the area.