7 Cove Way, Gloucester MA 01930

Gloucester, MA 01930 • Rust Island
$2,395,000
Est. $12,747/month
4
Beds
2
Baths
2,499
Sq Ft
$958
Price/Sq Ft
0.84
Acres
1920
Year Built
Single Family Residence
Type
115
Days on Market
Active Price Drop -$200,000 Open House Listed Sep 26, 2025 • MLS# 73383902

About this home

Occupying a prime waterfront site on the Annisquam River, this property has been newly reimagined to create a luxurious year-round compound. Studs-out renovation includes new kitchen and bathrooms, 5BR septic, town water, new wiring and plumbing. The two-level home maximizes its waterfront setting with walls of windows and expansive decks. The main level has a large primary bedroom, laundry, full bath, and kitchen opening to fireplaced living and dining area. The upper level has 3 bedrooms with river views, full bath and deck. Outside, the large lot has landscaped gardens, stone walkways, exclusive tidal dock, tidal beach and storage shed. A large one-bedroom apartment over the garage allows for guests or extra income, and the oversized heated garage has space for multiple cars and/or boat. A rare opportunity to enjoy multi-generational life on the water: set up your beach chair at low tide or float on a raft at high tide in your private cove and watch the river and boats flow by

Open House Schedule

27
Sep
Saturday, September 27
11:00 AM - 12:30 PM EDT

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1920
Bedrooms
4
Full Bathrooms
2
Living Area
2,499 sq ft
Total Rooms
7
Main Level Bedrooms
1

Interior Features

Flooring
Tile, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Vinyl, Flooring - Stone/Ceramic Tile
Heating
Forced Air, Propane
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Water Heater, Range, Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Range Hood, Stainless Steel Appliance(s)
Interior Features
Attic Access, Open Floorplan, Closet, Lighting - Sconce, Countertops - Upgraded, Kitchen Island, Recessed Lighting, Lighting - Pendant, Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Accessory Apt., Bedroom, Kitchen, Living/Dining Rm Combo, Bathroom, Internet Available - Unknown
Laundry Features
Laundry Closet, Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, Gas Dryer Hookup
Basement Details
Partial, Crawl Space, Sump Pump, Concrete, Unfinished
Window Features
Window(s) - Picture, Insulated Windows, Screens
Door Features
Insulated Doors
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame
Architectural Style
Contemporary
Roof
Shingle
Foundation
Block
Exterior Features
Deck - Composite, Patio, Balcony, Rain Gutters, Storage, Professional Landscaping, Decorative Lighting, Screens, Garden, Guest House
Patio/Porch Features
Deck - Composite, Patio
Has Spa
No
View
Scenic View(s)
Has View
Yes
Waterfront Features
Waterfront, Navigable Water, River, Dock/Mooring, Frontage, Walk to, Access, Direct Access, Private, Beach Access, Ocean, Sound, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
Yes

Lot & Land

Lot Size
0.84 acres
Lot Size
36,500 sq ft
Lot Size Area
0.8400
Lot Features
Additional Land Avail., Gentle Sloping, Level
Road Frontage Type
Private Road, Dead End

Parking & Garage

Garage Spaces
3
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
9
Parking Features
Detached, Garage Door Opener, Storage, Garage Faces Side, Insulated, Oversized, Off Street, Driveway, Stone/Gravel
Covered Parking Spaces
3

Utilities & Systems

Utilities Available
for Gas Oven, for Gas Dryer, Washer Hookup
Water Source
Public
Sewer
Private Sewer
Electric
200+ Amp Service
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Tennis Court(s), Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$14,694
Tax Year
2025
Tax Assessed Value
$1,510,200
Tax Lot
0000
Tax Block
0016
Tax Map Number
0232
Parcel Number
1905081
Zoning
R10

Additional Details

Year Built Source
Public Records
Year Built Details
Actual,Renovated Since,Finished, Never Occupied
Attached Property
No
Disclosures
The accessory apartment at 7 Cove Way in Gloucester is a detached independent large one-bedroom apartment above the garage and can accommodate overnight guests or provide rental income. This sale includes 42 Ye Olde County Rd, Gloucester MA 01930-2116 (0.34 acres). Approx. Acres includes both lots.
Listing Terms
Contract

Location

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Neighborhood

Rust Island

7 Cove Way, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Schools

Elementary School
West Parish
Rating information coming soon
Middle School
Omalley
Rating information coming soon
High School
Ghs
Rating information coming soon

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $1,225
Homeowners Insurance $200
PMI $0

Property History

Property Timeline

🏠
Listed for Sale
Jun 2, 2025
$2,395,000
Original listing
Agent: Amanda Armstrong Group Office: Compass

Price & Status History

Date Event Price Change
Jun 2, 2025 New Listing Added $2,395,000

Market Statistics

Days on Market
115 days
Price per Sq Ft
$958
Total Price Drop
-$200,000

Tax History

Year Taxes Assessment
2025 $14,694 $1,510,200

Financial Details

Annual Property Tax
$14,694
Tax Year 2025
Assessed Value
$1,510,200

Listing Information

Listing Agent Amanda Armstrong Group
Listing Office Compass
Agent MLS ID TM337166
Office MLS ID AN6818

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