8 Theatre Dr, Falmouth MA 02536
Falmouth, MA 02536
$975,000
Est. $5,521/month
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About this home
Versatile Waterfront Living on Round PondDiscover the perfect blend of lifestyle, flexibility, and income potential with this beautifully renovated and thoughtfully reimagined ranch overlooking picturesque Round Pond. Designed with versatility in mind, the home offers two separate living units, making it ideal for extended family, guests, or generating rental income. The upper level features two bedrooms, while the lower level offers a private one-bedroom living space, providing comfort and privacy for a variety of living arrangements.Enjoy peaceful water views from your home and embrace the Cape Cod lifestyle with your private dock, convenient kayak and canoe launch, and an outdoor shower for rinsing off after a day on the water. The property has a passed Title 5 septic system for three bedrooms, offering confidence for its next owner. Whether you’re searching for a year-round residence, vacation retreat, or investment opportunity, this unique waterfront property delivers exceptional flexibility and value. Buyer / buyer agent to verify all information.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Showing Instructions Updated
Aug 6, 2026
New showing requirements
Listed for Sale
Aug 5, 2026
$975,000
Original listing
Agent: Annie Hart Cool
Office: Sotheby's International Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/06/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 08/05/2026 | 🏠 Listed for Sale | $975,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $4,685 | $817,600 |
Financial Details
Annual Property Tax
$4,685
Tax Year 2026
Assessed Value
$817,600
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1983
Living Area
2,200 sq ft
Lot Size
0.48 acres
Bedrooms
3
Full Baths
2
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
$2,200/mo · N
Total Monthly Rent
$2,200/mo
Gross Income
$26,400
Net Operating Income
$26,400
Cap Rate
2.71%
Interior
Heating
Electric
Cooling
Wall Unit(s)
Flooring
Tile, Vinyl, Laminate
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Fireplaces
1
Basement
Full, Finished, Concrete
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Upgraded Cabinets, Upgraded Countertops, Bathroom With Shower Stall, Remodeled, Walk-in Closet(s), Living Room, Kitchen, Laundry Room, Office/den, Living Rm/dining Rm Combo
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck, Outdoor Shower
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck, Patio
Parking
Features
Off Street
Total Spaces
4
Utilities
Electric
220 Volts
Water
Public
Sewer
Inspection Required For Sale
Gas
None
Other
For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$4,685
Assessed Value
$817,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
blue
Sq Ft Source
Public Record
Sq Ft Disclosures
2 beds up and 1 bed down
Documents
None
County
Barnstable
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1983
Bedrooms
3
Full Bathrooms
2
Living Area
2,200 sq ft
Total Rooms
10
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,200 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck, Patio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Vinyl, Laminate
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Walk-In Closet(s), Living Room, Kitchen, Laundry Room, Office/Den, Living RM/Dining RM Combo
Windows:
Basement:
Full, Finished, Concrete
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1983
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
4
Heating, Cooling & Utilities
Heating:
Electric
Cooling:
Wall Unit(s)
Hot Water:
Electric
Water Source:
Public
Sewer:
Inspection Required for Sale
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Outdoor Shower
Patio & Porch:
Deck, Patio
Fencing:
Other Structures:
Shed(s)
Lot Features:
Corner Lot, Wooded, Gentle Sloping
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Off Street
Special Features
Fireplaces:
1
Fireplace Type:
Waterfront:
Yes
Waterfront Type:
Waterfront, Pond, Lake/Pond, 0 to 1/10 Mile To Beach, Beach Ownership(Deeded Rights)
Community Amenities:
Shopping
Nearby Schools
School District
Falmouth School District local
B-
School Safety
2024-25
3.5%
Above Average
2.2%
Suspensions
2.6%
In-School
1.3%
Emergency
2.0% below state avg
Elementary Schools
5 schools
B+
East Falmouth Elementary School
3.0 mi
|
#297 of 824
|
Score: 50.9
Improved 263 spots from last year
-7.3 below state avg
303 students
Moderate
Rising School
Grades PK-04
A-
North Falmouth Elementary School
3.5 mi
|
#216 of 824
|
Score: 54.0
Dropped 24 spots from last year
-4.2 below state avg
303 students
Moderate
Grades K-04
B+
Teaticket School
4.0 mi
|
#261 of 824
|
Score: 52.0
Improved 223 spots from last year
-6.2 below state avg
236 students
Moderate
Rising School
Grades K-04
B
Mullen-Hall School
5.4 mi
|
#378 of 824
|
Score: 48.2
Improved 249 spots from last year
-10 below state avg
364 students
Moderate
Rising School
Grades K-04
Cape Cod Conservatory of Music & Arts
5.6 mi
Grades PK-K
Middle Schools
2 schools
C+
Morse Pond School
4.8 mi
|
#505 of 824
|
Score: 44.5
Dropped 31 spots from last year
-13.7 below state avg
472 students
Moderate
Grades 05-06
B
Lawrence School
5.3 mi
|
#149 of 352
|
Score: 44.5
Dropped 39 spots from last year
-13.7 below state avg
474 students
Moderate
Grades 07-08
High Schools
2 schools
Falmouth Academy
5.3 mi
11 sports
• 356 athletes
Grades 07-12
B
Falmouth High School
3.4 mi
|
#173 of 346
|
Score: 53.4
Improved 61 spots from last year
-4.8 below state avg
714 students
Moderate
17 sports
• 1,266 athletes
Rising School
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$390
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
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Current Rate
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+0.5% Rate
$0/mo
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Payment Over Time
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
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Neighborhood
8 Theatre Dr, Falmouth MA 02536
Falmouth, MA 02536
Listing Information
Listing Agent
Annie Hart Cool
Listing Office
Sotheby's International Realty
Office Phone
508-548-2522
Agent MLS ID
CT000511
Office MLS ID
A95532
Listing Data Updated
Aug 9, 2026 4:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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