242 Edgewater Drive
Falmouth, MA · $989,000
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📊 STR projections🏖️ Beach distances🌊 Flood-zone risk📄 Investment dossier💰 Cash-flow analysis

242 Edgewater Drive

Falmouth, MA 02536
$989,000
10 days on market · Listed Apr 2, 2026
Data refreshed Apr 8, 2026
🌊 Not in FEMA SFHA
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Type
SF
Beds
2
Baths
1
Sq Ft
720
Acres
0.18
Year Built
1951
$ / Sq Ft
$1,374
Days on Market
10

Investment Snapshot

🟡 MEDIUM RISK
Monthly Carrying
$5,427
Cash Flow / yr
$-27,772
Cash-on-Cash
-10%
Cash Required
$276,920
Projected Revenue / yr
$55,410
Avg Daily Rate
$286
Occupancy
53%
STR Range (P50)
$40,839
🟡 MEDIUM RISK — Registration required with annual renewal.
STR revenue range: $28,160 – $56,231
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Location & Nearby

Map of 242 Edgewater Drive, Falmouth MA with nearby beaches and points of interest
HThis property
  • A
    🏖️ Seacoast Shores Association Beach
    0.02 mi
  • B
    🚤 Waquoit Bay Landing
    0.97 mi
  • C
    🍽️ Bad Martha Farmer's Brewery & Brewpub
    1.13 mi
  • D
    🍽️ Pizza 1 & Subs 2
    1.14 mi
  • E
    ⚓ Waquoit Bay Yacht Club
    1.22 mi
  • F
    ⚓ Menauhant Yacht Club
    1.49 mi
  • G
    🌲 Waquoit Bay National Estuarine Research Reserve
    1.56 mi
  • H
    ⚓ Little River Boatyard
    1.64 mi

About this property

Stunning Views of Washburn Island and Eel River East. Property owned by the same family since 1951. Update existing or build your dream home! Recent new septic system makes this a great deal for under 1m!

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📋 Falmouth Short-Term Rental Rules
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Listed by Timothy Skelly, Cape & Islands Realty Advisors