535 Commercial Street, Unit 2
Provincetown, MA · $1,649,000
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📊 STR projections🏖️ Beach distances🌊 Flood-zone risk📄 Investment dossier💰 Cash-flow analysis

535 Commercial Street, Unit 2

Provincetown, MA 02657
$1,649,000
143 days on market · Listed Mar 20, 2026
Data refreshed Apr 8, 2026
🌊 Not in FEMA SFHA
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Type
Condo
Beds
1
Baths
2
Sq Ft
1,002
Acres
0.26
Year Built
1800
$ / Sq Ft
$1,646
Days on Market
143

Investment Snapshot

🟡 MEDIUM RISK
Monthly Carrying
$8,903
Cash Flow / yr
$-66,457
Cash-on-Cash
-14.4%
Cash Required
$461,720
Projected Revenue / yr
$62,854
Avg Daily Rate
$287
Occupancy
60%
STR Range (P50)
$47,149
🟡 MEDIUM RISK — Registration required. Seasonal restrictions may apply.
STR revenue range: $31,868$63,609

Location & Nearby

Map of 535 Commercial Street, Unit 2, Provincetown MA with nearby beaches and points of interest
HThis property
  • A
    🍽️ Fanizzi’s Restaurant - Provincetown, MA
    0.02 mi
  • B
    🍽️ East End Market
    0.19 mi
  • C
    🛒 Angel Foods
    0.35 mi
  • D
    🍽️ Ciro & Sal's
    0.46 mi
  • E
    🚤 Poor Richards Landing
    0.47 mi
  • F
    🍽️ The Mews Restaurant & Cafe
    0.47 mi
  • G
    🍽️ Yolqueria
    0.59 mi
  • H
    🍽️ Pepe's Wharf Restaurant
    0.69 mi

About this property

East End Waterfront Penthouse with Guest Suite -- First Time on Market in 28 YearsPerched atop a historic bayside property, this exceptional penthouse with separate studio annex captures sweeping, unobstructed views of Long Point and its iconic lighthouses, the harbor, Pilgrim Monument, and the Provincetown skyline. Floor-to-ceiling windows fill the home with natural light and frame the ever-changing coastal panorama.The main level's spacious penthouse great room impresses with a soaring cathedral ceiling, beautifully exposed beams, and warm hardwood floors. A thoughtfully designed dining area and renovated contemporary kitchen sit across from the open living space, creating a seamless flow for relaxing or entertaining with the water as your backdrop. Step outside to the rebuilt 160sf waterfront deck and enjoy sunrise coffee, afternoon breezes, and quiet evenings beside the bay. This level also includes the primary bedroom and a large foyer room featuring a private entrance that leads directly to the lower level, front garden, shared lower decking and the private beach. The lower level offers a generous bonus space with equally remarkable views. An inviting setting for (cont) ... create a home office, creative retreat, exercise space, or overflow guest suite. Additional highlights include in-unit laundry, a newly constructed top-of-the line seawall, an outdoor shower, on-site property manager and rare on-site parking for one car plus a shared secondary space. Certainly a special opportunity to own a front-row seat to Provincetown's shoreline rarely available. Truly this is a must-see to appreciate!

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📋 Provincetown Short-Term Rental Rules
Registration, taxes, occupancy caps, and enforcement for STRs in Provincetown
Listed by Lee Ash, William Raveis Real Estate & Home Services