Available for the first time in decades, this superior property on Miller Hill looking out over Cape Cod Bay will captivate you the moment you arrive. A classic Captain's House with 8 bedrooms and 7 baths featuring sweeping views of Provincetown Harbor, Long Point, Truro, Wellfleet and beyond has for years been successfully welcoming guests as Aerie House, owned by one of Provincetown's longest standing innkeepers. The property boasts a thriving business, carefully curated gardens, and thoughtfully planned outdoor entertaining and relaxation space comprising 4 decks and 2 patios spread over 3 floors. Entering the property through a classic Cape Cod- inspired wisteria covered porch, you are greeted by a bright yet warmly finished solarium with spectacular water views and a large living room with wood burning fireplace that accommodates several conversation areas. Adjacent are the front desk, kitchen and laundry, which can be closed off for privacy after operating hours. Each of the guest rooms has its own unique personality, most featuring Cape Cod Bay views. For example, the premium suite, The Eagle's Nest residence, occupies the entire third floor and has 2 bedrooms, ensuite. . . bath, butler's pantry and a private deck with commanding views. Another popular room throughout the year, The Efficiency Apartment has a full kitchen and breakfast bar in addition to an updated ensuite bath. The Deck Room on the main floor, also ensuite, boasts an intimate, exclusive deck facing the Rose Garden, with water views beyond. A key feature of this impressive residence is the massive second floor deck. Perfect for entertaining large groups, this space includes a bar area and offers some of the best water views off the waterfront away from the worry of flooding. For those with a green thumb, there is an attached greenhouse, perfect for cultivating orchids, perhaps. All rooms have wall unit air conditioning, and the benefit of oil fueled, hot water radiators for comfort year-round. Other highlights include newly installed on demand hot water heating system, parking for 6 cars. The inn is offered turnkey with some personal exclusions. Brand equity, signage, customer lists, websites, booking software and training on request (which includes the benefit of over 2 decades of operating expertise) are all included in this exciting opportunity. You'll be proud to welcome guests to this special property in the heart of Provincetown.
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William Raveis Real Estate
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Contact@raveis.com
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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 | $2,759,200 | $2,759,200 | $2,759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $623 | $623 | $623 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,666 | $17,214 | $23,098 |
Total Monthly Payment | $16,414 | $17,962 | $23,846 |
* 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.