BMN Boston

Get our mobile app!

Download on the App Store

7 Cove Way, Gloucester MA 01930

Gloucester, MA 01930 • Rust Island
$2,595,000
$2,395,000
Est. $13,535/month
4
Beds
2
Baths
1,482
Sq Ft
$1,616
Price/Sq Ft
0.84
Acres
1920
Year Built
3
Garage Spaces
407
Days on Market
Active Price Drop -$200,000 Listed Jun 2, 2025 • MLS# 73383902 Copied! • Updated Nov 2, 2025

About this home

Occupying a prime waterfront site on the Annisquam River, this property has been newly reimagined to create a luxurious year-round compound. Studs-out renovation includes new kitchen and bathrooms, 5BR septic, town water, new wiring and plumbing. The two-level home maximizes its waterfront setting with walls of windows and expansive decks. The main level has a large primary bedroom, laundry, full bath, and kitchen opening to fireplaced living and dining area. The upper level has 3 bedrooms with river views, full bath and deck. Outside, the large lot has landscaped gardens, stone walkways, exclusive tidal dock, tidal beach and storage shed. A large one-bedroom apartment over the garage allows for guests or extra income, and the oversized heated garage has space for multiple cars and/or boat. A rare opportunity to enjoy multi-generational life on the water: set up your beach chair at low tide or float on a raft at high tide in your private cove and watch the river and boats flow by

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jun 2, 2025
$2,395,000
Original listing
Agent: Amanda Armstrong Group Office: Compass

Tax History

Year Taxes Assessment
2025 $14,694 $1,510,200

Financial Details

Annual Property Tax
$14,694
Tax Year 2025
Assessed Value
$1,510,200

Facts & Features

3 Car Garage
Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 1920
Living Area 1,482 sq ft
Lot Size 0.84 acres
Bedrooms 4
Full Baths 2
Total Rooms 7

Interior

Heating Forced Air, Propane
Cooling Central Air
Flooring Tile, Hardwood, Flooring - Wall To Wall Carpet, Flooring - Vinyl, Flooring - Stone/ceramic Tile
Appliances Water Heater, Range, Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Range Hood, Stainless Steel Appliance(s)
Fireplace Living Room
Fireplaces 1
Basement Partial, Crawl Space, Sump Pump, Concrete, Unfinished
Laundry Laundry Closet, Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, Gas Dryer Hookup
Features Attic Access, Open Floorplan, Closet, Lighting - Sconce, Countertops - Upgraded, Kitchen Island, Recessed Lighting, Lighting - Pendant, Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Accessory Apt., Bedroom, Kitchen, Living/dining Rm Combo, Bathroom, Internet Available - Unknown

Exterior

Construction Frame
Architecture Contemporary
Roof Shingle
Features Deck - Composite, Patio, Balcony, Rain Gutters, Storage, Professional Landscaping, Decorative Lighting, Screens, Garden, Guest House
Pool None
Spa None
Fencing None
Patio/Porch Deck - Composite, Patio
Garage Spaces 3
Has Garage Yes
Features Detached, Garage Door Opener, Storage, Garage Faces Side, Insulated, Oversized, Off Street, Driveway, Stone/gravel
Total Spaces 12
Electric 200+ Amp Service
Water Public
Sewer Private Sewer
Gas None
Other For Gas Oven, For Gas Dryer, Washer Hookup
Annual Tax $14,694
Assessed Value $1,510,200
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures The Accessory Apartment At 7 Cove Way In Gloucester Is A Detached Independent Large One-bedroom Apartment Above The Garage And Can Accommodate Overnight Guests Or Provide Rental Income. This Sale Includes 42 Ye Olde County Rd, Gloucester Ma 01930-2116 (0.34 Acres). Approx. Acres Includes Both Lots.
Possession None
Accepted Financing Contract
Structure Type []
House Color Beige
Sq Ft Source Measured
Sq Ft Disclosures Living are does not include 1126 sq ft garage / apartment in detached building. See floor plans.
Documents None
County Essex
Total market time (incl. prior listings) 153 days

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1920
Bedrooms
4
Full Bathrooms
2
Living Area
1,482 sq ft
Total Rooms
7
Main Level Bedrooms
1

Room Details

Second Floor

Bathroom2
9 x 5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Remodeled
Bedroom2
13 x 10
Closet, Flooring - Hardwood, Window(s) - Picture, Balcony - Exterior, Recessed Lighting, Remodeled, Slider, Crown Molding, Closet - Double
Bedroom4
9 x 9
Closet, Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Recessed Lighting, Remodeled, Crown Molding, Closet - Double
Bedroom3
13 x 10
Closet, Flooring - Hardwood, Window(s) - Picture, Balcony - Exterior, Recessed Lighting, Remodeled, Slider, Crown Molding

Other Floor

Bedroom5
Dining Room
Family Room
Bathroom3
Office
Master Bathroom
Yes

Main,First Floor

Kitchen
11 x 13
Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant, Crown Molding
Bathroom1
11 x 8
Bathroom - Full, Bathroom - Tiled With Shower Stall, Skylight, Beamed Ceilings, Vaulted Ceiling(s), Closet, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Double Vanity, Lighting - Sconce, Lighting - Overhead
Living Room
16 x 18
Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider, Crown Molding
Master Bedroom
15 x 14
Beamed Ceilings, Vaulted Ceiling(s), Closet, Flooring - Hardwood, Window(s) - Picture, Deck - Exterior, Exterior Access, Remodeled, Slider, Lighting - Sconce, Closet - Double

Interior Features

Flooring: Tile, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Vinyl, Flooring - Stone/Ceramic Tile
Appliances: Water Heater, Range, Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Range Hood, Stainless Steel Appliance(s)
Interior Features: Attic Access, Open Floorplan, Closet, Lighting - Sconce, Countertops - Upgraded, Kitchen Island, Recessed Lighting, Lighting - Pendant, Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Accessory Apt., Bedroom, Kitchen, Living/Dining Rm Combo, Bathroom, Internet Available - Unknown
Windows: Window(s) - Picture, Insulated Windows, Screens
Basement: Partial, Crawl Space, Sump Pump, Concrete, Unfinished
Laundry: Laundry Closet, Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, Gas Dryer Hookup
Security:

Construction & Materials

Style: Contemporary
Year Built: 1920
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Block

Heating, Cooling & Utilities

Heating: Forced Air, Propane
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck - Composite, Patio, Balcony, Rain Gutters, Storage, Professional Landscaping, Decorative Lighting, Screens, Garden, Guest House
Patio & Porch: Deck - Composite, Patio
Fencing:
Other Structures: Guest House
Lot Features: Additional Land Avail., Gentle Sloping, Level
Road Surface:

Parking & Garage

Garage Spaces: 3
Total Parking Spaces: 12
Parking Features: Detached, Garage Door Opener, Storage, Garage Faces Side, Insulated, Oversized, Off Street, Driveway, Stone/Gravel

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Waterfront: Yes
Waterfront Type: Waterfront, Navigable Water, River, Dock/Mooring, Frontage, Walk to, Access, Direct Access, Private, Beach Access, Ocean, Sound, 1 to 2 Mile To Beach, Beach Ownership(Public)
View: Yes
View Type: Scenic View(s)
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
School District
Gloucester School District local
C-
🎓 Where Graduates Go Class of 2021
42% attend college
31% 4-Year 11% 2-Year 17% Out of State 14% Working
School Safety 2024-25
1.9% Average
1.9% Suspensions 0.5% In-School
3.6% below state avg
E

Elementary Schools

6 schools
Faith Christian School
0.8 mi
Grades PK-08
C-
West Parish School
1.1 mi | #683 of 824 | Score: 36.5
Dropped 245 spots from last year
-21.7 below state avg
382 students Less Diverse
Grades K-05
C-
Beeman Memorial School
1.3 mi | #701 of 824 | Score: 35.6
Dropped 172 spots from last year
-22.6 below state avg
292 students Diverse
Grades K-05
Gloucester PreSchool
2.0 mi
101 students Moderate
Grades PK
C
East Veterans Elementary School
2.2 mi | #651 of 824 | Score: 38.2
Dropped 58 spots from last year
-20 below state avg
451 students Diverse
Grades K-05
B+
Plum Cove School
3.6 mi | #322 of 824 | Score: 50.1
Improved 68 spots from last year
-8.1 below state avg
217 students Less Diverse
Rising School
Grades K-05
M

Middle Schools

1 school
C+
Ralph B O'Maley Middle School
1.1 mi | #238 of 352 | Score: 37.3
Improved 24 spots from last year
-20.9 below state avg
619 students Moderate
Rising School
Grades 06-08
H

High Schools

1 school
C+
Gloucester High School
1.4 mi | #212 of 346 | Score: 50.4
Improved 27 spots from last year
-7.8 below state avg
776 students Moderate
17 sports • 1,070 athletes
Rising School Career Tech Programs Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,225
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

Loading map...

Neighborhood

Rust Island

7 Cove Way, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Agent Amanda Armstrong Group
Listing Office Compass
Office Phone 781-534-9229
Agent MLS ID TM337166
Office MLS ID AN6818
Listing Data Updated Nov 2, 2025 4:05 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Gloucester, MA

Real-time market trends and pricing data for this area

7 Cove Way, Gloucester MA 01930 - Photo 1 7 Cove Way, Gloucester MA 01930 - Photo 2 7 Cove Way, Gloucester MA 01930 - Photo 3 7 Cove Way, Gloucester MA 01930 - Photo 4 7 Cove Way, Gloucester MA 01930 - Photo 5 7 Cove Way, Gloucester MA 01930 - Photo 6 7 Cove Way, Gloucester MA 01930 - Photo 7 7 Cove Way, Gloucester MA 01930 - Photo 8 7 Cove Way, Gloucester MA 01930 - Photo 9 7 Cove Way, Gloucester MA 01930 - Photo 10 7 Cove Way, Gloucester MA 01930 - Photo 11 7 Cove Way, Gloucester MA 01930 - Photo 12 7 Cove Way, Gloucester MA 01930 - Photo 13 7 Cove Way, Gloucester MA 01930 - Photo 14 7 Cove Way, Gloucester MA 01930 - Photo 15 7 Cove Way, Gloucester MA 01930 - Photo 16 7 Cove Way, Gloucester MA 01930 - Photo 17 7 Cove Way, Gloucester MA 01930 - Photo 18 7 Cove Way, Gloucester MA 01930 - Photo 19 7 Cove Way, Gloucester MA 01930 - Photo 20 7 Cove Way, Gloucester MA 01930 - Photo 21 7 Cove Way, Gloucester MA 01930 - Photo 22 7 Cove Way, Gloucester MA 01930 - Photo 23 7 Cove Way, Gloucester MA 01930 - Photo 24 7 Cove Way, Gloucester MA 01930 - Photo 25 7 Cove Way, Gloucester MA 01930 - Photo 26 7 Cove Way, Gloucester MA 01930 - Photo 27 7 Cove Way, Gloucester MA 01930 - Photo 28 7 Cove Way, Gloucester MA 01930 - Photo 29 7 Cove Way, Gloucester MA 01930 - Photo 30 7 Cove Way, Gloucester MA 01930 - Photo 31 7 Cove Way, Gloucester MA 01930 - Photo 32 7 Cove Way, Gloucester MA 01930 - Photo 33 7 Cove Way, Gloucester MA 01930 - Photo 34 7 Cove Way, Gloucester MA 01930 - Photo 35 7 Cove Way, Gloucester MA 01930 - Photo 36 7 Cove Way, Gloucester MA 01930 - Photo 37 7 Cove Way, Gloucester MA 01930 - Photo 38 7 Cove Way, Gloucester MA 01930 - Photo 39 7 Cove Way, Gloucester MA 01930 - Photo 40 7 Cove Way, Gloucester MA 01930 - Photo 41 7 Cove Way, Gloucester MA 01930 - Photo 42
Steven Novak

Steven Novak

BMN Boston Real Estate

Your message will be sent to Steven Novak.

Schedule a Tour