Ocean Terrace Condominium 2 Ocean Ave, Gloucester, MA 01930
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$349,000
1 Bed
1 Bath
765 SQFT
Acres: N/A
$327 HOA

Property Description

Coastal living just one block from the beach! This beautifully updated 1-bedroom condo offers 765 sq ft of comfortable, low-maintenance living in an unbeatable location in Magnolia village. Freshly painted throughout, the unit features brand-new waterproof luxury vinyl flooring and a bright, open layout connecting the living, dining, and kitchen areas. The spacious bedroom includes generous closet space, and the private balcony is perfect for morning coffee or enjoying the ocean breeze. With multiple recent sales in the building, demand here is proven — ideal for first-time buyers, downsizers, investors, or anyone seeking a beachside retreat. Move in and start enjoying the coastal lifestyle. Open House Saturday 11-12:30 & Sunday 11-12.

Property Details tap to expand

Amenities

  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Association Fee Includes: Landscaping, Laundry Facilities, Master Insurance, Sewer, Snow Removal, Water

Kitchen, Dining, and Appliances

  • Kitchen Level: First Floor
  • Flooring - Vinyl
  • Dishwasher, Microwave, Range, Refrigerator

Bathrooms

  • Full Baths: 1
  • Bathroom 1 Level: First Floor

Bedrooms

  • Bedrooms: 1
  • Master Bedroom Level: First Floor
  • Master Bedroom Features: Closet

Other Rooms

  • Total Rooms: 3
  • Living Room Level: First Floor
  • Living Room Features: Balcony - Exterior, Flooring - Vinyl

Utilities

  • Heating: Electric
  • Heat Zones: 1
  • Cooling: Wall AC
  • Cooling Zones: 1
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Oven, for Electric Range
  • Water: City/Town Water
  • Sewer: Private Sewerage

Unit Features

  • Square Feet: 765
  • Unit Building: 2K
  • Unit Level: 2
  • Interior Features: Intercom
  • Security: Intercom
  • Floors: 1
  • Pets Allowed: No
  • Laundry Features: Common, In Building
  • Accessability Features: Unknown

Condo Complex Information

  • Condo Name: Ocean Terrace Condominium
  • Condo Type: Condo
  • Complex Complete: U
  • Number of Units: 42
  • Elevator: No
  • Condo Association: U
  • HOA Fee: $327
  • Fee Interval: Monthly

Construction

  • Year Built: 2003
  • Style: Garden
  • Construction Type: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Lead Paint: None
  • Warranty: No

Garage & Parking

  • Garage Parking: Assigned
  • Parking Features: Assigned, Off-Street, Paved Driveway
  • Parking Spaces: 1

Exterior & Grounds

  • Pool: No
  • Waterfront Features: Harbor, Ocean
  • Distance to Beach: 0 to 1/10 Mile
  • Beach Ownership: Public

Other Information

  • MLS ID# 73478156
  • Last Updated: 02/18/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/18/2026New$349,000$456MLSPIN

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Seller's Representative: David Picardy, Real Broker MA, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-02-18 11:16:00