Investment Analysis — 10 Old Penzance Rd.

An exceptional waterfront offering on Cape Ann's celebrated coastline, this property is defined by its setting. Elevated above the Atlantic on one of Rockport's most desirable stretches of shoreline, it enjoys uninterrupted views of Thatcher Island and its historic twin lighthouses. The outlook spans open ocean, rugged coastline, and an ever-changing horizon.Natural light and sweeping water views define the spaces. From sunrise over the Atlantic to the evening glow of the twin lighthouses, the scenery is constantly changing. Sailboats cross the horizon, lobster boats work the coast, and the sound of the surf and shore birds provides a peaceful backdrop. Ocean-facing decks and a stone patio extend the living space outdoors, creating inviting places to relax or entertain.Thoughtfully positioned to take full advantage of its setting, the residence features an open living and dining room anchored by a substantial stone fireplace, with walls of glass framing the Atlantic. Each of the three bedrooms has an en suite bath, while the second-floor primary suite offers a cathedral ceiling and panoramic ocean views.Comfortable and understated, the home can be enjoyed immediately while offering the flexibility to update over time. Offered for the first time, it presents a rare opportunity to own one of Cape Ann's most compelling waterfront locations. Whether preserved, thoughtfully expanded, or reimagined as a signature coastal home, its lasting value lies in the land, elevation, and extraordinary connection to the sea.Despite its privacy, the location is remarkably convenient. Loblolly Beach is just 0.1 mile away, with Pebble Beach, Cape Hedge Beach, and Long Beach all within approximately one mile. Located in Rockport's sought-after South End, the property also offers easy access to the galleries, restaurants, and harbors of both Rockport and Gloucester. Properties of this caliber rarely become available. This is more than a home—it's an irreplaceable waterfront setting.