51 Folly Point Rd Lot 2, Gloucester MA 01930

Gloucester, MA 01930
$2,350,000
Est. $12,508/month
1.42
Acres
Residential
Type
388
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73186630

About this home

The only buildable, oceanfront parcel of land currently available for sale on the North Shore. Located in Gloucester’s Folly Cove on Folly Point Road with panoramic, bold ocean views towards Halibut Point State Park and Maine. This elevated, dramatic site features an approval not required (ANR) building lot on 1.19± acres. The city sewer and electricity are at located at the street. This beautiful oceanfront parcel of land is perched high above sea level; feel the breeze of the Atlantic Ocean while enjoying marine life and panoramic vistas. A once in a lifetime opportunity to build your dream house in this very private area on Cape Ann with unobstructed ocean views.

Sale Statistics

Sale Overview
Original List Price: $3,500,000
Final Sale Price: $2,350,000
Difference: $1,150,000 (-32.9%)
Performance Metrics
67.1%
List to Sale Ratio
Sold below asking price
388
Days on Market
Extended listing
Sale Summary

This property sold for 32.9% below the original asking price.

At 388 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Residential
Property Category
Land

Interior Features

Exterior & Structure

View
Scenic View(s)
Has View
Yes
Waterfront Features
Waterfront, Ocean
Waterfront Property
Yes

Lot & Land

Lot Size
1.42 acres
Lot Size
61,855 sq ft
Lot Size Area
1.4200
Lot Features
Gentle Sloping

Parking & Garage

Utilities & Systems

Water Source
At Street
Sewer
At Street
Electric
At Street
Gas
Other (See Remarks)

Community & HOA

HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$22,208
Tax Year
2022
Tax Assessed Value
$1,893,300
Parcel Number
M:0147 B:0009 L:0000
Zoning
R-20

Additional Details

Disclosures
assessment and taxes is for 2.55 acres

Location

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Neighborhood

51 Folly Point Rd Lot 2, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $1,851
Homeowners Insurance $200
PMI $0

Property History

Market Insights

32.9%
Price Range
931
Total Days on Market

Property Timeline

Sold
Jan 10, 2025
$2,350,000
Property sold
Days on Market: 931
🏠
Listed for Sale
Dec 11, 2023
$3,500,000
Original listing
Agent: Lanse Robb Office: LandVest, Inc., Manchester -by-the-Sea

Price & Status History

Date Event Price Change
Dec 11, 2023 New Listing Added $3,500,000

Market Statistics

Days on Market
388 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2022 $22,208 $1,893,300

Financial Details

Annual Property Tax
$22,208
Tax Year 2022
Assessed Value
$1,893,300

Listing Information

Listing Agent Lanse Robb
Listing Office LandVest, Inc., Manchester -by-the-Sea
Agent MLS ID C8002944
Office MLS ID AN4825

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