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87 Water Street, Falmouth MA 02543

Falmouth, MA 02543 • Woods Hole
$2,999,000
Est. $16,237/month
0.07
Acres
1920
Year Built
40
Days on Market
Active Price Drop -$296,000 Listed Apr 23, 2026 • MLS# 73506364 Copied!

About this home

WH Market & 68 Seat Restaurant offers a rare opportunity to acquire a landmark waterfront retail and restaurant property in the heart of one of Cape Cod’s most iconic villages. Overlooking scenic Eel Pond, this 3,744± SF two-story building sits on a .70± acre site and includes a fully operational, well-established market on the first floor plus a fully equipped 68-seat restaurant on the second level. This highly visible Water Street location benefits from steady foot traffic, street parking, and close proximity to renowned marine laboratory and research employers, ferry activity, marinas, shops, and dining destinations. The offering includes existing inventory, providing immediate operational value for an owner-user or investor seeking a turnkey hospitality and retail asset. Patrons and guests can enjoy a unique waterfront setting with inviting indoor spaces and dramatic upper-level dining views over Eel Pond. Property combines irreplaceable location in a premier coastal destination.

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Property Overview

Listing Type
Commercial Sale
Year Built
1920

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1920
Lot Size 0.07 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water

Financial

Annual Tax $10,475

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

Woods Hole

87 Water Street, Falmouth MA 02543

Falmouth, MA 02543

Walkability

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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
E

Elementary Schools

5 schools
Cape Cod Conservatory of Music & Arts
3.1 mi
Grades PK-K
B
Mullen-Hall School
3.6 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
B+
Teaticket School
5.0 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+
East Falmouth Elementary School
6.7 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
8.2 mi | #216 of 824 | Score: 54.0
Dropped 24 spots from last year
-4.2 below state avg
303 students Moderate
Grades K-04
M

Middle Schools

2 schools
C+
Morse Pond School
4.1 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
3.5 mi | #149 of 352 | Score: 44.5
Dropped 39 spots from last year
-13.7 below state avg
474 students Moderate
Grades 07-08
H

High Schools

2 schools
Falmouth Academy
3.4 mi
11 sports • 356 athletes
Grades 07-12
B
Falmouth High School
5.4 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
$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 $873
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.

Property History

Market Insights

1
Price Changes
9%
Price Range

Property Timeline

Price Reduced
May 20, 2026
$2,999,000 $296,000 (-8.98%)
From $3,295,000 to $2,999,000 (-9.0%)
🏠
Listed for Sale
Apr 23, 2026
$3,295,000
Original listing
Agent: Greg Hartel Office: Hartel Realty

Price & Status History

Date Event Price Change
May 20, 2026 Price Changed $2,999,000 -$296,000
Apr 23, 2026 New Listing Added $3,295,000

Market Statistics

Days on Market
40 days
Price per Sq Ft
$—
Total Price Drop
-$296,000

Tax History

Year Taxes Assessment
2026 $10,475

Financial Details

Annual Property Tax
$10,475
Tax Year 2026

Listing Information

Listing Agent Greg Hartel
Listing Office Hartel Realty
Agent MLS ID CT006804
Office MLS ID BB4615
Listing Data Updated May 24, 2026 3:06 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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Market Analytics for Falmouth, MA

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