Discover "Twelve Lanterns," a Mediterranean villa steeped in history, perched high on rock ledge overlooking the Atlantic Ocean, a secret gem on Marblehead Neck. Designed & commissioned by Isabella Stewart Gardner in 1911, this home is a true testament to her love for Italy, Spain, & the Mediterranean w/ exquisite details like decorative tiles, arched doorways, vaulted ceilings, & a soaring tower w/ 12 windows offering panoramic views. Stroll through wooden gates, mature gardens & up stone steps, to this 4-bedroom residence w/ a primary suite on the main level. The kitchen, primary bath & windows were updated in 2003 while preserving the home's historical charm. In 2009 an additional jewel was added, a separate artist studio, complete w/ heat, electricity & 1/2 bath-perfect for creative work or large projects, w/ doors large enough for a car or boat. Other features include: a generator, outdoor pizza oven, deeded beach path & a detached 2-car garage. Timeless Charm & Modern Convenience
Sale Statistics
Sale Overview
Original List Price:$2,149,000
Final Sale Price:$1,700,000
Difference:
$449,000 (-20.9%)
Performance Metrics
79.1%
List to Sale Ratio
Sold below asking price
98
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:$880
Sale $/sq ft:$696
This property sold for $696 per square foot
Sale Summary
This property sold for 20.9% below the original asking price.
At 98 days on market, this property took longer than average to sell.
Ocean, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Private,Deeded Rights)
Waterfront Property
No
Lot & Land
Lot Size
0.44 acres
Lot Size
19,235 sq ft
Lot Size Area
0.4400
Lot Features
Gentle Sloping
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Garage Spaces
2
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
4
Parking Features
Detached, Garage Door Opener, Garage Faces Side, Paved Drive, Off Street
Covered Parking Spaces
2
Utilities & Systems
Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup, Generator Connection
Water Source
Public
Sewer
Public Sewer
Electric
Generator, Circuit Breakers, Generator Connection
Security Features
Security System
Energy Efficient Features
Thermostat
Community & HOA
Community Features
Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, Sidewalks
HOA
No
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$17,948
Tax Year
2024
Tax Assessed Value
$2,003,100
Parcel Number
M: 0903 B: 8 L: 0,2027921
Zoning
LSR
Additional Details
Year Built Source
Owner
Year Built Details
Actual
Attached Property
No
Disclosures
Seller/seller's agents make no warranties/representations, buyer/buyer's agent responsible for due diligence. Sold AS-IS. Appliances left as gifts. Please send offers as one PDF to The Lopes Group Email only please.
Listing Terms
Contract
Location
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Neighborhood
Marblehead Neck
246 Ocean Ave, Marblehead MA 01945
Marblehead, MA 01945
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$1,496
Homeowners Insurance$200
PMI$0
Property History
Market Insights
15%
Price Range
260
Total Days on Market
Property Timeline
✓
Sold
Mar 7, 2025
$1,700,000
Property sold
Days on Market: 260
🏠
Listed for Sale
Oct 21, 2024
$1,999,000
Original listing
Agent: The Lopes GroupOffice: J. Barrett & Company
