Sold!
$324,900
1
Bed
1
Bath
765
Living Area
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Property Description
This freshly painted unit is move-in ready with no stairs and single-level living — ideal for buyers seeking an effortless, low-maintenance lifestyle steps from the water. A private, exclusive-use outdoor patio extends your living space into the fresh salt air, perfect for morning coffee or an evening glass of wine with the ocean breeze. Two iconic Cape Ann beaches and Magnolia Village — with its shops, casual dining, and year-round charm — is practically in your backyard. Ocean breezes roll through the neighborhood in the warmer months, making outdoor living a daily ritual rather than a weekend trip. Bike-friendly streets connect you to the shoreline, the village, and the quiet, tree-lined roads that define this corner of Cape Ann. Whether you're arriving for summer or staying year-round, this Magnolia condo delivers the coastal lifestyle without the stairs, the projects, or the wait. Ready for occupancy now — just in time for the season. Gloucester, MA.
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Highlights
- Building Name: Ocean Terrace Condominiums
- Heating: Electric
- Parking Spots: 1
- Property Type: Condominium
- Total Rooms: 3
- Year Built: 2003
- Cooling: Wall Unit(s)
- HOA Fee: $320
- Property Class: Residential
- Stories: 1
- Unit Number: 1m
- Status: Closed
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Additional Details
- Basement: N
- Flooring: Vinyl, Carpet
- SqFt Source: Field Card
- Year Built Details: Actual
- Zoning: Vb
- Exterior Features: Patio
- Roof: Rubber
- Total Number of Units: 42
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Marina, Public School, T-Station
- Waterfront Features: Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Private, Public)
- Parking Features: Off Street, Assigned, Paved
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Utilities
- Sewer: Private Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $262,200
- HOA Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
- Taxes: $2,549
- HOA Fee Frequency: Monthly
- Tax Year: 2025
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Keller Williams Realty Boston Northwest.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
