Active
239 Days on market
349 Ocean Avenue Marblehead — Photo 1 of 23

349 Ocean Avenue Marblehead — Photo 1 of 23

Recent Drop: $1,000,000

$8,750,000
$7,750,000

$7,750,000

349 Ocean Avenue, Marblehead, MA 01945

Marblehead, MA 01945 — MARBLEHEAD NECK

Beds

5

Baths

5.5

SqFt

6,500

Style

Single Family

Built

1900

Set on 180 feet of beachfront, this rare and highly coveted Marblehead Neck estate offers an extraordinary blend of privacy, scale, and coastal prestige. Encompassing nearly 2-acres of irreplaceable shoreline, the property presents a once-in-a-generation opportunity to reimagine a legacy retreat in one of North Shore’s most exclusive enclaves. This 5 bedroom, 5.5 bath residence captures sweeping ocean vistas, awe-inspiring sunrises, and gentle sea breezes, providing an unparalleled setting for refined coastal living with private beach ownership. Whether the current home is meticulously restored or the site is transformed into a bespoke modern masterpiece, the land itself represents the ultimate in luxury. Expansive and rich with possibility, this estate is a lifestyle investment offering the rare freedom to design a beachfront vision that will endure for generations. For those seeking a premier waterfront acquisition, this property stands as a hallmark of North Shore excellence.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$1192/sqft
Local Avg (Marblehead)$566/sqft
111% AboveMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Marblehead, MA.

Property Details

Financials

Original Price$8,750,000
Annual Taxes$58,309

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms14
Fireplaces2
FlooringWood, Tile, Carpet
BasementPartial, Partially Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingForced Air, Hot Water
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningLSR

Property & Lot

Acres1.85
SqFt Lot80,738
Lot FeaturesGentle Sloping

Amenities & Appliances

Gas Water Heater

Neighborhood

Walk/Jog Trails • Bike Path • Conservation Area • Marina • Private School • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bedroom 5Bathroom 1Bathroom 2Bathroom 3
Basement
Office
Main,First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl Main,First

Flooring - Hardwood, Balcony / Deck

Dining Room
Lvl Main,First

Flooring - Hardwood

Kitchen
Lvl Main,First

Flooring - Hardwood, Breakfast Bar / Nook, Open Floorplan

Office
Lvl Basement
Family Room
Lvl Main,First

Flooring - Hardwood, Balcony / Deck, Open Floorplan

Master Bedroom
Lvl Second

Bathroom - Full, Walk-In Closet(s), Deck - Exterior

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bedroom 5
Lvl Second
Bathroom 1
Lvl Second
Bathroom 2
Lvl Second
Bathroom 3
Lvl Second

Property History

Price Drop
$7,750,000

Was $8,750,000

Jun 24, 2026

MLS® 73467958

Listed
$8,750,000

Jan 13, 2026

MLS® 73467958

Population

20,470

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$180K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

14.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

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 6,500 sq ft principal dwelling). Lot size: 80,738 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.

Listing Provided By

Listing Agent: Judith Toner

Listing Office: The Proper Nest Real Estate

MLS® Number: 73467958

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