Presented byGabby Hanna |
Nestled high on a hill in the coveted west end of Provincetown, Seaglass Inn & Spa presents an exceptional opportunity for those seeking a remarkable investment with breathtaking views and limitless potential. With 4. 2 acres of prime Provincetown real estate, this expansive 57-room property combines recent upgrades with a versatile range of uses, making it a choice candidate for creative visionaries. The inn features 57 well-appointed guest rooms, some with water views, and has benefited from significant recent enhancements, including a new roof and numerous upgraded rooms. The property's allure is further heightened by its breathtaking sunrises and sunsets. Guests can indulge in a serene retreat by the sparkling pool. There is a 2-bedroom apartment on the property. And, a bonus is 109R Bradford Street Ext. , a 1. 16 acre lot (included in the 4. 2 acre total) with unimpeded water views and approved building plans. The possibilities for Seaglass Inn & Spa are as vast as the views it offers. Continue operating the beloved inn and spa to enhance guest experiences and attract high-end clientele. Alternatively, elevate the property into a luxurious destination with state-of-the-art amenities and exclusive services. For those looking to create a residential community, the ample land is ideal for a distinguished single-family home development, offering modern homes that capitalize on the unique location and spectacular views. Additionally, the property holds potential as a vibrant non-profit arts center, fostering creativity and community engagement in a stunning, scenic setting. Seaglass Inn & Spa boasts a prime location, providing both privacy and exclusivity while remaining close to the vibrant heart of Provincetown. With endless possibilities and unparalleled scenic beauty, this property is a rare gem that invites visionary projects and offers boundless potential for its next chapter.
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$23,810,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 917.696.8952
Gabby.Hanna@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $19,048,000 | $19,048,000 | $19,048,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $2,304 | $2,304 | $2,304 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $106,663 | $117,282 | $158,177 |
Total Monthly Payment | $109,092 | $119,711 | $160,606 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.