
118 Prospect St Gloucester — Photo 1 of 36
$1,200,000
118 Prospect St, Gloucester, MA 01930
Gloucester, MA 01930
Beds
3
Baths
2.5
SqFt
2,200
Style
Single Family
Built
1894
Commanding a prominent presence in the heart of Gloucester’s historic Seaport, this stunning Victorian seamlessly blends timeless architectural character with exceptional modern updates. Tastefully renovated to the highest standards, this turnkey property preserves an abundance of original details while offering the efficiency, & amenities expected by today’s discerning buyer. Soaring ceilings & generously proportioned rooms create an elegant sense of scale throughout. The first-floor layout is perfectly suited to both day to day living and entertaining, with living & dining spaces flowing into a spacious kitchen featuring Café appliances, quartz counter tops, wine refrigerator & a striking marble backsplash. Upstairs, the palatial front-to-back primary suite offers a luxurious retreat, complete with a walk-in closet & spa-like bathroom featuring double vanity, shower & a soaking tub. A charming spiral staircase leads to the third floor turret room. Within the suite a bay window provides the perfect setting for an office or cozy reading nook. Thoughtful improvements include a new roof, Andersen high-efficiency windows, heat-pump water heater, heat-pump heating & cooling splits, red oak flooring, mahogany decking, and full insulation. The home also boasts a HERS rating, reflecting its enhanced energy efficiency. Exterior improvements include new landscaping with thoughtfully chosen plantings and trees, new sod, patio, cedar fencing, low voltage landscape lighting, expanded parking for two cars. New granite steps lead to the back yard and rear entrance, and repointed granite front steps lead to the original double entry doors, welcoming you into a home where historic elegance and modern sophistication come together effortlessly.
Immersive Experience
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Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Gloucester, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Wine Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Recessed Lighting, Remodeled
Dining Room
Lvl Main,FirstFlooring - Hardwood, Recessed Lighting, Remodeled, Lighting - Pendant
Kitchen
Lvl Main,FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Remodeled, Wine Chiller, Lighting - Pendant
Primary Bedroom
Lvl SecondBathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Property History
$1,200,000
Sep 15, 2026
MLS® 73577195
$629,000
Feb 11, 2026
MLS® 73468987
$580,000
Jan 20, 2026
MLS® 73468938
$629,000
Jan 15, 2026
MLS® 73468938
$629,000
Jan 15, 2026
MLS® 73468987
Population
30,075
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$84K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
36.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,200 sq ft principal dwelling). Lot size: 5,765 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Listing Agent: Margaret Maher
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73577195
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