Gloucester, MA10 Oakes Avenue, Magnolia
Sale Price$3,300,000
MLS Number 73009381
- MultiFamily
- Bedrooms 14
- Bathroom 11
- Square Feet 9,501
- Parking Spaces 18
RARE OPPORTUNITY to own an 11-unit building with stunning, unobstructed, oceanfront views. SHORE DRIVE MANOR sits at the tip of Magnolia Point. Once a hotel frequented by high-society, the property still retains features of a time gone by. Beautiful woodwork, paneling, beamed ceilings, stained glass, hardwood floors, fireplaces, and built-ins. Units are fully occupied and seller has updated Buderus Oil Boilers, water heater, and electric. The literature from the former hotel puts it best: "When you can relax at the waters edge caressed by Cape Ann's cool breezes, relax in the warm sun, take short walks to the beach, be centrally located to explore Cape Ann's wonders...who could ask for anything more?"
Listed by Daniel Cutler and Sam Lockard of Bay Colony Realty
Listing Sold by Eastern Massachusetts Realty Group
| Price | Down Payment | Interest Rate | Years |
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Est. Mortgage: $/month
Federal 30-year interest rate: 6.71% last updated on 2026-09-03
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.


