Active
1 Days on market
118 Prospect St Gloucester — Photo 1 of 36

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

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$545/sqft
Local Avg (Gloucester)$540/sqft
1% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Gloucester, MA.

Property Details

Financials

Original Price$1,200,000
Annual Taxes$5,849

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingHeat Pump
CoolingHeat Pump
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationOther
ZoningR-5

Property & Lot

Acres0.13
SqFt Lot5,765
Lot FeaturesCorner 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

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

Flooring - Hardwood, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

Flooring - Hardwood, Recessed Lighting, Remodeled, Lighting - Pendant

Kitchen
Lvl Main,First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Remodeled, Wine Chiller, Lighting - Pendant

Primary Bedroom
Lvl Second

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood, Recessed Lighting

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile

Property History

Listed
$1,200,000

Sep 15, 2026

MLS® 73577195

Terminated
$629,000

Feb 11, 2026

MLS® 73468987

Sold
$580,000

Jan 20, 2026

MLS® 73468938

Listed
$629,000

Jan 15, 2026

MLS® 73468938

Listed
$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 Provided By

Listing Agent: Margaret Maher

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73577195

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