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  1. Home
  2. Listings
  3. Unit Lot 1C 187 Penzance Rd, Falmouth, MA 02543
Active
5 Days on market
187 Penzance Rd #Lot 1C Falmouth — Photo 1 of 21

187 Penzance Rd #Lot 1C Falmouth — Photo 1 of 21

$17,500,000

187 Penzance Rd #Lot 1C, Falmouth, MA 02543

Falmouth, MA 02543

Beds

3

Baths

1.5

SqFt

1,307

Style

Single Family

Built

1964

This remarkable 5+ acre waterfront estate is one of the most extraordinary coastal offerings to come to market in generations. Perched on the southwest tip of an exclusive community, it is Cape Cod's southernmost private residential land. The property commands panoramic, unobstructed views across Buzzards Bay to Naushon and the Elizabeth Islands, and then onto Vineyard Sound and Martha's Vineyard. The estate features more than 611 feet of shoreline, anchored by a substantial protective seawall that ensures both privacy and structural permanence, as well as a private, pristine sandy beach. A charming three-bedroom cottage currently rests on the grounds, offering immediate enjoyment while serving as an unparalleled canvas for a world-class waterfront masterpiece. Future development allows for a two-story residence designed to capture expanded views toward Great Harbor, subject to local approvals.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$13389/sqft
Local Avg (Falmouth)$604/sqft
2117% AboveMarket Average

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

Property Details

Financials

Original Price$17,500,000
Annual Taxes--

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms5
Fireplaces1
FlooringWood, Tile
BasementNone

Climate & Utilities

HeatingBaseboard
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationSlab
ZoningRAA

Property & Lot

Acres5.32
SqFt Lot231,739
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater

Geography

Population

747

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$72K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

20.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Dukes County

164 housing units permitted in the last 12 months (+80% vs the prior 12 months) — 35 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '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: 654 sq ft (the lesser of 900 sq ft or half the 1,307 sq ft principal dwelling). Lot size: 231,739 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.

Full Falmouth, MA market report ZIP 02543 market data
Listing Provided By

Listing Agent: Kerrie Marzot

Listing Office: Sotheby's International Realty

MLS® Number: 73559053

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