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27 Bayview Road Ipswich — Photo 1 of 42

$1,399,000

Investment Analysis — 27 Bayview Road

Ipswich, MA 01938 — Great Neck

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01938 carries an estimated $2,560/mo in gross rent — about a 0.88% cap rate and $12,329/yr in estimated NOI at the $1,399,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,300

Style

Single Family

Built

2011

Great Neck seaside gem with sweeping Ipswich Bay and ocean views! Sun-filled and beautifully updated, this exceptional property was custom built in 2011 and overlooks Clark Beach, and is also very close to Pavilion Beach. Expansive windows and cathedral ceilings fill the home with natural light and showcase the spectacular coastal setting. The first floor features a spacious living room with cathedral ceiling, gas fireplace and water views, plus a cozy den/office, well-appointed kitchen with granite countertops, crown molding, walk-in pantry with abundant storage, and a large window-lined dining area. The second floor offers a spacious primary suite with cathedral ceiling, dressing area, walk-in closet, full bath and French doors leading to a private balcony overlooking the bay. A second guest bedroom with beautiful water views and another full bath complete the level. The lower level features a large family room with fireplace, windows, recessed lighting and luxury vinyl flooring, plus a separate home office which also doubles as a guest sleeping area. Highly desirable short-term vacation rental has generated $3,000–$5,000/week in summer and $1,500–$2,500/week in spring and fall. Convenient to beaches, shopping, restaurants, golf and public transportation. Enjoy the best of seaside living on Great Neck in Ipswich!

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: 900 sq ft (the lesser of 900 sq ft or half the 2,300 sq ft principal dwelling). Lot size: 4,961 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.