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Snapshot: Cape Cod

Investments
What will $300K buy in Outer Cape? How about $500K? Or $2.65M?

It has come to our attention that Cape Cod’s iconic “flower cottages” are up for sale. These 22 beachfront cottages have been rentals in a family business for 85 years. They started at $50 per during peak season in 1931, and in 2014, they went for $1,300 a week during high-traffic months. With the exception of the two end units, these two-bed, one-bath are all on the market for $399K a piece.  So there’s that.  The news got us thinking about long summer days, fried clams, beer, and sand in our toes.  You, too? Well, then we have good news for you: Even if you don’t snatch up one of the flower cottages before they’re gone, the area has plenty of other options, for a range of budgets.

Here’s what your money will buy:

 $300K:

Two-bedroom, one-bath waterfront cottage, with a private association beach right out the door. Located in Truro.

Rental income: 

Approximately $1,100 per week.

$600K:

Two-bedroom house with a free-standing cottage in back. Includes deeded beach access path. Located in Provincetown.

Rental income: 

The income history on this puppy is upwards of $20,000 per year.

$2.65M:

Four bedrooms, three-and-a-half bathrooms, water views in every room, large decks, 4000 square feet on 6.5 acres.  Located in Wellfleet.

Rental income: 

During peak season, it can fetch $7,500 per week or $90,000 for the whole summer.

Lifestyle:

 On Outer Cape, you can be as toes-in-the-sand sleepy as you like, or as winey-and-diney as you please.  Area beaches are among the most popular in the country, and lighthouses abound. Outer Cape boasts plenty of shopping, dining, and outdoor activities.  Whatever you chose, you’re never more than two miles from the water, so you always know you’re on vacation. Make your way to Wellfleet for its art galleries, Provincetown for its whale watching and nightlife, or Truro for its vineyard, grape stomping, and jazz festival.

Cape Cod (Barnstable County) Economy*:

Unemployment rate: 6.5%

Median household income: $60,242

Median Value of Owner-Occupied Housing Units: $373,600

Median List Price: $419,000

*Data taken from RealtyTrac.com, United States Census Bureau, Oct. 2014

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Elizabeth Salaam
Along with her work as Senior Contributing Writer for Girl's Guide, Elizabeth Salaam writes for the San Diego Reader. Her work has also been published in Elle Magazine. | Most inspired by: Contradictions. | Favorite room in my home: The Master suite. The windows have views for days! | Best design idea I may never do: Adorn my enclosed toilet room with library book wallpaper and a chandelier. | Will never: Bungee jump. | Have always been: Rebellious. | Dying to: Live in a Paris flat with herringbone wood floors.
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