349 Ocean Avenue Marblehead — Photo 1 of 16
Recent Drop: $1,000,000
$7,750,000
Investment Analysis — 349 Ocean Avenue
Marblehead, MA 01945 — Marblehead Neck
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01945 carries an estimated $2,050/mo in gross rent — about a -0.51% cap rate and $-39,613/yr in estimated NOI at the $7,750,000 list price. Adjust every assumption in the calculator below.
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Set along 180 feet of direct beachfront on Marblehead Neck, this extraordinary nearly 2-acre parcel presents a rare opportunity to secure irreplaceable shoreline in one of the North Shore’s most exclusive enclaves. With sweeping ocean vistas, breathtaking sunrises, and private beach ownership, the setting offers unmatched privacy, scale, and prestige. Whether reimagined as a custom coastal retreat or developed into a bespoke modern estate, the true value lies in the land — expansive, dramatic, and rich with possibility. A premier waterfront acquisition and a once-in-a-generation chance to create a legacy property in an unparalleled seaside location.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Walk/Jog Trails • Golf • Medical Facility • Marina • Public School • T-Station
Geography
Property History
$7,750,000
Was $8,750,000
Jun 24, 2026
MLS® 73482564
$8,750,000
Mar 4, 2026
MLS® 73482564
Listing Agent: Judith Toner
Listing Office: The Proper Nest Real Estate
MLS® Number: 73482564
