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405 Ocean Avenue, Marblehead MA 01945

Marblehead, MA 01945 • Marblehead Neck
$6,600,000
Est. $35,128/month
5
Beds
5
Baths
6,518
Sq Ft
$1,013
Price/Sq Ft
1.82
Acres
1880
Year Built
Single Family Residence
Type
50
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73279953

About this home

Welcome to “The Tea house on the Neck”, originally 4 lots with two residences, and owned by the same family including the head of the Lipton Tea Company from 1880-1990. A spectacular property with the perfect smaller "tea house" at the tip of the point from which to enjoy a morning (or evening) drink. The lots were subdivided in 1991, and 405 Ocean Avenue now sits perched on a double lot totaling 1.82 acres, surrounded by trees shaped by the sun and wind, rocky ledges (“the lower woods”), mature plantings, an easement to a small beach, and potential for further subdivision. Also, stunning 360 degree views of the Atlantic Ocean, Marblehead Rock, Children’s Island, and Castle Rock Park, as well as Marblehead Harbor and The Marblehead Lighthouse! The interior of the home is spacious with 5+ bedrooms, 6 bathrooms and 6518 SF of living space. Period details throughout the house are obvious, but the current owners have also made it a priority to bring the house up to modern day standards.

Sale Statistics

Sale Overview
Original List Price: $6,795,000
Final Sale Price: $6,600,000
Difference: $195,000 (-2.9%)
Performance Metrics
97.1%
List to Sale Ratio
Sold below asking price
50
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $1,042
Sale $/sq ft: $1,013
This property sold for $1,013 per square foot
Sale Summary

This property sold for 2.9% below the original asking price.

The property spent 50 days on market before selling.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1880
Bedrooms
5
Full Bathrooms
4
Half Bathrooms
2
Living Area
6,518 sq ft
Total Rooms
12

Interior Features

Flooring
Wood, Tile, Carpet, Flooring - Hardwood, Laminate, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
Heating
Baseboard, Natural Gas, Fireplace(s)
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Tankless Water Heater, Range, Dishwasher, Disposal, Trash Compactor, Refrigerator, Washer, Dryer, Range Hood
Interior Features
Closet/Cabinets - Custom Built, Recessed Lighting, Wainscoting, Lighting - Sconce, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Vaulted Ceiling(s), Closet, Lighting - Overhead, Decorative Molding, Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Steam / Sauna, Home Office, Bathroom, Sitting Room, Exercise Room
Laundry Features
Dryer Hookup - Electric, Washer Hookup, Second Floor
Basement Details
Full, Finished, Walk-Out Access, Interior Entry, Garage Access
Window Features
Insulated Windows, Screens

Exterior & Structure

Construction Materials
Frame
Architectural Style
Victorian
Roof
Shingle, Slate, Rubber
Foundation
Stone
Exterior Features
Porch, Deck - Wood, Cabana, Rain Gutters, Professional Landscaping, Sprinkler System, Decorative Lighting, Screens, Garden, Stone Wall
Patio/Porch Features
Porch, Deck - Wood
Has Spa
No
View
Scenic View(s)
Has View
Yes
Waterfront Features
Waterfront, Ocean, Harbor, Access, Beach Access, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Private)
Waterfront Property
Yes

Lot & Land

Lot Size
1.82 acres
Lot Size
79,497 sq ft
Lot Size Area
1.8200
Lot Features
Wooded, Easements, Gentle Sloping
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Garage Spaces
3
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
10
Parking Features
Attached, Garage Door Opener, Garage Faces Side, Paved Drive, Off Street, Driveway, Paved
Covered Parking Spaces
3

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 200+ Amp Service

Community & HOA

Subdivision
Marblehead Neck
Community Features
Park, Conservation Area, Sidewalks
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$55,229
Tax Year
2024
Tax Assessed Value
$6,164,800
Parcel Number
2028284
Zoning
RES

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Property Condition
Remodeled
Disclosures
Topographical map, and proposed subdivsion plans for 2nd home on property attached.

Location

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Neighborhood

Marblehead Neck

405 Ocean Avenue, Marblehead MA 01945

Marblehead, MA 01945

Walkability

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Schools

Elementary School
Brown School
Rating information coming soon
Middle School
Village/Vets
Rating information coming soon
High School
Marblehead High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $4,602
Homeowners Insurance $200
PMI $0

Property History

Market Insights

2.9%
Price Range
53
Total Days on Market

Property Timeline

✓
Sold
Dec 3, 2024
$6,600,000
Property sold
Days on Market: 53
🏠
Listed for Sale
Aug 21, 2024
$6,795,000
Original listing
Agent: Elizabeth Walters Office: Coldwell Banker Realty - Marblehead

Price & Status History

Date Event Price Change
Aug 21, 2024 New Listing Added $6,795,000 —

Market Statistics

Days on Market
50 days
Price per Sq Ft
$1,013

Tax History

Year Taxes Assessment
2024 $55,229 $6,164,800

Financial Details

Annual Property Tax
$55,229
Tax Year 2024
Assessed Value
$6,164,800

Listing Information

Listing Agent Elizabeth Walters
Listing Office Coldwell Banker Realty - Marblehead
Agent MLS ID CT005088
Office MLS ID AN6221

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