Ocean Terrace Condominiums 2 Ocean Ave, Gloucester, MA 01930
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$339,900
1 Bed
1 Bath
765 SQFT
Acres: N/A
$320 HOA

Property Description

This turnkey unit is move-in ready with no stairs and single-level living — ideal for buyers seeking an effortless, low-maintenance lifestyle steps from the water. A private, exclusive-use outdoor patio extends your living space into the fresh salt air, perfect for morning coffee or an evening glass of wine with the ocean breeze. Popplestone Beach is just one-third of a mile away, and Magnolia Village — with its shops, casual dining, and year-round charm — is practically in your backyard. Ocean breezes roll through the neighborhood in the warmer months, making outdoor living a daily ritual rather than a weekend trip. Bike-friendly streets connect you to the shoreline, the village, and the quiet, tree-lined roads that define this corner of Cape Ann. Whether you're arriving for summer or staying year-round, this Magnolia condo delivers the coastal lifestyle without the stairs, the projects, or the wait. Ready for occupancy now — just in time for the season. Gloucester, MA.

Property Details tap to expand

Amenities

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

Kitchen, Dining, and Appliances

  • Kitchen Dimensions: 14X9
  • Kitchen Level: First Floor
  • Flooring - Vinyl

Bathrooms

  • Full Baths: 1
  • Bathroom 1 Dimensions: 6X5
  • Bathroom 1 Level: First Floor
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl

Bedrooms

  • Bedrooms: 1
  • Master Bedroom Dimensions: 14X11
  • Master Bedroom Level: First Floor
  • Master Bedroom Features: Flooring - Wall to Wall Carpet

Other Rooms

  • Total Rooms: 3
  • Living Room Dimensions: 20X13
  • Living Room Level: First Floor
  • Living Room Features: Flooring - Wall to Wall Carpet, Slider

Utilities

  • Heating: Electric
  • Cooling: Wall AC
  • Utility Connections: for Electric Oven, for Electric Range
  • Water: City/Town Water
  • Sewer: Private Sewerage

Unit Features

  • Square Feet: 765
  • Unit Building: 1M
  • Unit Level: 1
  • Unit Placement: Ground|Walkout
  • Floors: 1
  • Pets Allowed: No
  • Accessability Features: Unknown

Condo Complex Information

  • Condo Name: Ocean Terrace Condominiums
  • Condo Type: Condo
  • Complex Complete: Yes
  • Number of Units: 42
  • Number of Units Owner Occupied: 34
  • Owner Occupied Data Source: Mgmt Co.
  • Elevator: No
  • Condo Association: U
  • HOA Fee: $320
  • Fee Interval: Monthly
  • Management: Professional - Off Site

Construction

  • Year Built: 2003
  • Style: Garden
  • Roof Material: Rubber
  • Flooring Type: Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Garage & Parking

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

Exterior & Grounds

  • Exterior Features: Patio
  • Pool: No
  • Waterfront Features: Ocean, Walk to
  • Distance to Beach: 1/10 to 3/10
  • Beach Ownership: Private, Public

Other Information

  • MLS ID# 73495153
  • Last Updated: 04/20/26
  • Documents on File: Unit Deed

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/20/2026Active$339,900$444MLSPIN
04/16/2026Price Change$339,900$444MLSPIN
04/06/2026Active$345,000$451MLSPIN
04/02/2026New$345,000$451MLSPIN
03/30/2004Active$204,900$268MLSPIN

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Seller's Representative: The Bill Butler Group, Leading Edge Real Estate
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 2026-04-20 03:05:00

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