Active Under Contract

9 Days on market

177 Bay Road Falmouth — Photo 1 of 40

$3,995,000

Investment Analysis — 177 Bay Road

Falmouth, MA 02556 — Megansett

Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 3-bedroom in 02556 carries an estimated $2,860/mo in gross rent — about a 0.10% cap rate and $4,120/yr in estimated NOI at the $3,995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,646

Style

Single Family

Built

1952

Discover the pinnacle of coastal living with this extraordinary 2.24-acre waterfront property, perfectly positioned in the highly desirable Megansett neighborhood of North Falmouth. Offering an unparalleled canvas of sweeping, panoramic views of Buzzards Bay, this expansive parcel represents one of the last true legacy estate opportunities on the Upper Cape.Whether you choose to renovate the existing home to restore its classic coastal charm or start fresh to build your custom architectural masterpiece, the potential here is limitless. The property features its own private sandy beach, allowing you to step directly from your backyard into the pristine waters of the bay for swimming, kayaking, or standard beachside relaxation.Enjoy the perfect balance of ultimate privacy and vibrant community life. This prime location is just moments away from the beloved Shining Sea Bikeway, charming local shops, restaurants, and everything that makes North Falmouth such a coveted location.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 823 sq ft (the lesser of 900 sq ft or half the 1,646 sq ft principal dwelling). Lot size: 97,574 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.

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