Ocean Terrace Condominiums

  • $324,900List Price
  • 1Bedrooms
  • 1Bathrooms
  • 2003Year Built
  • 765Square Feet

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.

More Info

Basic Information

  • Bedrooms1
  • Mls StatusUnder Agreement
  • Bathroom1
  • Parcel Number 1901952
  • Unit Number1M

Location

  • SubdivisionOcean Terrace Condominiums
  • Address2 Ocean Avenue
  • Building Number2
  • CountyEssex
  • StateMA
  • StreetOcean Avenue
  • TownGloucester
  • Zip01930

Exterior

  • Exterior Features Patio
  • RoofRubber

Property Information

  • Square Feet765
  • Building Area Source Field Card
  • Living Area 765
  • Lot Size Units Acres
  • Structure Type Garden

Water Body

  • Miles to Beach0.3
  • Waterfront Features Ocean, Walk to,1/10 to 3/10 To Beach, Beach Ownership(Private, Public)

Tax Information

  • Tax Assessed Value $262,200
  • Tax Year 2025
  • Taxes$2,549

Rooms

  • Bathroom 1 First,6 x 5
  • Bathrooms Total Decimal 1
  • Full Bath1
  • Kitchen First,14 x 9
  • Living Room First,20 x 13
  • Master Bedroom First,14

Property

  • Entry Location Unit Placement(Ground, Walkout)

Interior

  • Flooring Vinyl, Carpet

Utilities

  • Cooling Wall Unit(s)
  • Cooling YN Yes
  • Heat SystemYes
  • Heating Electric
  • Sewer Private Sewer
  • Water Source Public

Amenities

  • Amenities
    • Golf
    • Highway Access
    • House of Worship
    • Marina
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Association Amenities Laundry
  • Other AmenitiesGolf

Parking

  • Parking Spaces1
  • Open Parking YN Yes
  • Parking Features Off Street, Assigned, Paved

Basic Information

  • List Price$324,900
  • MLS Number73495153
  • Modification Date06/23/2026
  • Property SubTypeCondominium
  • Purchase Contract Date06/19/2026

Building

  • BasementN
  • Building Area Units Square Feet
  • Entry Level 1
  • Patio And Porch Features Patio
  • Property NameOcean Terrace Condominiums
  • Rooms3
  • Stories1
  • Utilities For Electric Range, For Electric Oven
  • Year Built2003
  • Year Built Details Actual
  • Year Built Source Public Records

Legal

  • ZoningVB

Other

  • Association Fee $320
  • Association Fee Frequency Monthly
  • Association Fee Includes
    • Insurance
    • Maintenance Grounds
    • Maintenance Structure
    • Sewer
    • Snow Removal
    • Trash
    • Water
  • Date Listed04/02/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by The Bill Butler Group of Leading Edge Real Estate

Gloucester, MA Demographics

There is no data available

Gloucester, MA Real Estate Market Data

There is no data available

Gloucester, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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