5 Webster Place
Provincetown, MA · $1,750,000
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📊 STR projections🏖️ Beach distances🌊 Flood-zone risk📄 Investment dossier💰 Cash-flow analysis

5 Webster Place

Provincetown, MA 02657
$1,750,000
5 days on market · Listed Apr 4, 2026
Data refreshed Apr 8, 2026
🌊 Not in FEMA SFHA
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Type
SF
Beds
2
Baths
2.5
Sq Ft
1,342
Acres
0.04
Year Built
1890
$ / Sq Ft
$1,304
Days on Market
5

Investment Snapshot

🟡 MEDIUM RISK
Monthly Carrying
$9,448
Cash Flow / yr
$-54,101
Cash-on-Cash
-11%
Cash Required
$490,000
Projected Revenue / yr
$85,683
Avg Daily Rate
$427
Occupancy
55%
STR Range (P50)
$63,255
🟡 MEDIUM RISK — Registration required. Seasonal restrictions may apply.
STR revenue range: $41,853$85,889

Location & Nearby

Map of 5 Webster Place, Provincetown MA with nearby beaches and points of interest
HThis property
  • A
    🍽️ Saki
    0.07 mi
  • B
    🍽️ Jd's Woodfire Grill
    0.08 mi
  • C
    🍽️ JD's Raw BAR
    0.08 mi
  • D
    🍽️ Grand Central Restaurant
    0.09 mi
  • E
    🍽️ Front Street Restaurant
    0.09 mi
  • F
    🍽️ Provincetown Brewing Company at the Crown
    0.09 mi
  • G
    🍦 The Nut House
    0.10 mi
  • H
    🍽️ Vorelli's Restaurant
    0.10 mi

About this property

A rare offering steeped in Provincetown's artistic heritage, this single-family home was once the studio of renowned impressionist Pauline Palmer. Within these walls, she honed her craft and hosted many of the town's artistic luminaries at the turn of the last century, leaving a legacy that endures today. Renovated in 2018, updates included a new kitchen and 2.5 baths, on-demand hot water, mini-splits, and upgraded systems. The interior features two king suites - one on each floor - with en-suite baths, a soaring great room with an open cottage kitchen, and a cozy and yet very functional loft ideal for lounging or hosting additional guests. The home's unique light--beloved by artists--fills the space. Outside, a private patio invites alfresco dining and relaxed evenings. Tucked on a quiet street in the heart of town, this lovingly cared for property is offered turnkey with some exclusions and strong rental bookings.

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📋 Provincetown Short-Term Rental Rules
Registration, taxes, occupancy caps, and enforcement for STRs in Provincetown
Listed by Iskren ''Isi'' Georgiev, Gibson Sotheby's International Realty