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$ 159,900
Est. payment | /mo
1 Bed
1 Bath
310 SqFt
$ 159,900
Est. payment | /mo
1 Bed
1 Bath
310 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 310 sqft
Price per Sqft $515
MLS Listing ID 73569775
Bedrooms 1
Full Baths 1
Year Built 1959
Annual Tax Amount $836
Tax Year 2026
Property Sub-Type Condominium
Property Description
This is not your typical condo. Located directly on Town Cove, this individually owned unit at The Cove offers a truly hands-off Cape Cod investment. The property is professionally operated motel-style by full-time staff, meaning no bookings to manage, tenants to deal with, maintenance calls or late-night issues. Owners receive their share of proceeds via monthly direct deposit based on The Cove's established percentage schedule. This unit generated approximately $10,600 in owner income last year after The Cove's percentage was deducted. The owner's only regular out-of-pocket property expense is quarterly taxes. Utilities, maintenance, housekeeping and operating expenses are handled through the property's percentage structure. The unit operates year-round, is waterfront on beautiful Town Cove and allows owners up to 14 days of personal use per year, subject to housekeeping expenses and property rules. A unique opportunity to own waterfront Orleans real estate without the responsibilities of managing a rental. No booking calendars. No upset tenants. No 2 AM calls. Just collect your proceeds.
Location
State MA
County Barnstable
Zoning LB
Direction Route 6, exit 89 towards Orleans Center. Take South Orleans Road. The Cove is on the right.
Rooms
Basement N
Interior
Heating Wall Furnace
Cooling Heat Pump
Fireplaces Number 1
Exterior
Pool Association, In Ground
Waterfront Description Waterfront,Ocean,Ocean
Total Parking Spaces 1
Garage No
Building
Story 1
Sewer Public Sewer
Water Public
Others
Pets Allowed No
Senior Community false
Listed by Keller Williams Realty
Nearby Locations
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