News Summary
Osterville, Massachusetts has achieved a historic milestone in luxury real estate with the sale of a stunning oceanfront estate for $22.75 million, the highest price ever for a residential property in Cape Cod. The sale eclipses the previous record and highlights the evolving real estate market in the region. This magnificent estate, once bought for $4.5 million in 2011, features 15,500 square feet of living space, 280 feet of private beach, and unmatched amenities. The new owner, James Langway, is sure to enjoy a sumptuous lifestyle in this piece of paradise.
Osterville Property Shatters Cape Cod Real Estate Records!
Osterville, Massachusetts, has officially made its mark in the luxury real estate world with a stunning sale that’s making waves all over Cape Cod! An opulent oceanfront estate at 835 Sea View Ave. has just changed hands for a whopping $22.75 million, setting a brand-new record as the highest-priced residential property ever sold in the region. Can you believe it?
A New Era for Real Estate in Cape Cod
This incredible deal was recently confirmed by the Cape Cod & Islands Association of Realtors, making it clear that this sale tops all previous records on the Multiple Listing Service (MLS) in Barnstable County. It’s fascinating to see how the real estate market is evolving on the Cape, wouldn’t you agree? Just a few years ago, a property on the Penzance Point peninsula was sold for $20 million—this new sale blows that figure out of the water!
The property wasn’t always worth a jaw-dropping figure like this. Back in 2011, it went for a mere $4.5 million. The former owner, entrepreneur Amin Khoury, truly maximized the potential of this one-of-a-kind estate. Fast forward to today, and the new owner, James Langway, who runs several Toyota dealerships across Vermont and Rhode Island, is now the proud possessor of this luxurious piece of paradise.
Luxury Living at Its Finest
Spanning a generous 3.66 acres and featuring 280 feet of private sandy beach, this estate offers breathtaking views of Nantucket Sound and the distant shores of Martha’s Vineyard. It’s designed for those who love to entertain or simply soak up the sun in a lavish setting.
The main structure and the attached guest house offer an astonishing 15,500 square feet of living space, complete with seven luxurious bedrooms and a staggering 14 bathrooms. That’s right—never fight over the shower again! The estate comes equipped with an outdoor swimming pool, a fully outfitted summer kitchen, and an upscale terrace perfect for al fresco dining.
Step inside, and you’re greeted by a grand foyer that leads into elegant living and dining spaces, all framed with floor-to-ceiling glass doors that let the beauty of the outdoors pour into the interiors. Imagine enjoying breakfast with such spectacular views every day!
The kitchen is a chef’s dream, featuring professional-grade appliances and custom cabinetry that would make any home cook swoon. The attached family room boasts a beamed cathedral ceiling, creating a cozy yet impressive atmosphere perfect for family gatherings or watching the big game.
Unmatched Amenities for Relaxation and Fun
The primary suite is nothing short of a retreat in itself, occupying an entire wing of the house. It comes complete with dual bathrooms, dual walk-in closets, a study, and a private terrace where you can sip your morning coffee while gazing at the ocean waves.
Looking for entertainment options? The finished lower level is a wonderland that includes a media wall, a golf simulator, a massage room, a bar for mixing up all your favorite drinks, and even a wine cellar that can hold 5,000 bottles! You’ll never be left wanting for activities here.
And don’t worry about parking; the estate includes seven heated garage spaces and a separate staff house with two apartments for any additional help you might need.
A Bright Future for Osterville
This stunning property first hit the market in early 2022 with an ambitious price tag of $30 million. It’s clear that Osterville is emerging as a top luxury market in 2024, proving that its charm and beauty can stand toe-to-toe with better-known luxury destinations like Nantucket and Martha’s Vineyard. With the local assessors valuing it at just over $20 million this year, it seems like every dollar spent was worth it!
As we watch this once-sleepy seaside town become a hotbed for luxury living, it’s clear that Osterville’s future has never looked brighter. Whether you’re a local or dreaming of owning a piece of paradise, there’s no denying the exciting times ahead for Cape Cod real estate!
Deeper Dive: News & Info About This Topic
- Boston.com: Most Expensive Home Sales in Mass in 2024
- Boston Globe: Osterville Mansion Record Breaking Sale
- Inman: Cape Cod Estate in Osterville Sells for a Record $22.75M
- Boston Agent Magazine: The Agency Opens New Cape Cod Office
- MassLive: Cape Cod Mansion with Private Beach Sold for More than $22M
