312 East Chop Drive Oak Bluffs — Photo 1 of 37
Recent Drop: $100,000
$2,195,000
Investment Analysis — 312 East Chop Drive
Oak Bluffs, MA 02557 — East Chop
Based on HUD Small Area Fair Market Rent for Dukes County, MA, a 3-bedroom in 02557 carries an estimated $3,210/mo in gross rent — about a 0.91% cap rate and $20,047/yr in estimated NOI at the $2,195,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
1,425
Style
Single Family
Built
1900
“The Doll House” is a landmark East Chop waterfront retreat overlooking Crystal Lake with sweeping views of Vineyard Sound. Originally a charming fishing cottage, this iconic property has been thoughtfully renovated and meticulously maintained, blending timeless Vineyard character with modern comfort. Surrounded by lush hydrangea and perennial gardens, the property boasts nearly 150 feet of Crystal Lake frontage, offering swimming, kayaking, and paddleboarding from your backyard. The main house features a welcoming sun porch, living room with a stone fireplace, light-filled primary bedroom with water views, and an updated kitchen and dining area with brick floors and a built-in window seat. French doors open to a spacious lawn and a charming former boathouse converted into a unique dining pavilion. Additional highlights include a rooftop deck with panoramic water views, guest cottage, outdoor shower, garage with office, and garden shed. A quintessential Martha’s Vineyard waterfront esc
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: 713 sq ft (the lesser of 900 sq ft or half the 1,425 sq ft principal dwelling). Lot size: 10,899 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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Tankless Water Heater • Range • Dishwasher • Refrigerator
Geography
Property History
$2,195,000
Was $2,295,000
Aug 23, 2026
MLS® 73529130
$2,295,000
Jun 3, 2026
MLS® 73529130
Listing Agent: Alyssa Halisky
Listing Office: Wallace & Co. Sotheby's International Realty
MLS® Number: 73529130
