What distinguishes 47 East East Chop Drive from
other properties on the island?
There is no other property on the island that has: 7-bedrooms (6 apartments, two are 2-bedrooms), in pristine condition, that is waterfront with ocean access, a dock over 100’ with 8 slips + T at end, a deepwater mooring, and that has both commercial and residential uses in an upscale residential neighborhood, and that is just a short stroll to downtown, beaches, tennis and ferries to the mainland.
Pre-existing, non-conforming, commercial property in a residential zone
Currently conducting business as “East Chop Harborfront Apartments”
Generates rental income with the following options:
Seasonal rentals as apartments (current use) with steady repeat business
Winter rentals, in high demand
Year-round rentals, in high demand
Dock w/9 Slips (current use), in high demand
Deepwater mooring with 4,000lb block (current use)
Residential property
Uses include:
It can be used as a residential waterfront home
You can live in a portion and rent a portion, apts and dock generate income
It can be used as a family compound
Potential to convert to "condominiums"
Potential to convert according to legal council (potential buyer should do their own due diligence). Presently in process – engineering work completed, legal work started. (Based upon the recorded vote of the Oak Bluffs Board of Selectmen, these are legal apartments and may be converted to condominiums, subject to final approval).
"Direct" waterfront property/apartments
Located on the morning sunny side of the harbor, each unit has a private deck with sunscreen. The property has 260’ of frontage with a substantial stone seawall the entire length of the waterfront and a barrier beach across the harbor to protect against Nor’easters.
Dock and Slips
A 106’ dock with 8 slips and a 40’ T at the end for a 40’ boat
A deepwater mooring with 4,000 lb block and a wide swing area
New finger piers and ladders, with heavy duty electrical in conduit, heavy duty bumpers, pedestals and water. Dredged several times over the years.
High demand -- T rents for $12,000/season, slips $9,000/season.
Maintenance permit is recorded. “As Built” by George Sourati, Sourati Engineering.