Active
125 Days on market
159 Lake Street Tisbury — Photo 1 of 31

159 Lake Street Tisbury — Photo 1 of 31

Recent Drop: $205,000

$2,400,000
$2,195,000

$2,195,000

Investment Analysis — 159 Lake Street

Tisbury, MA 02568 — Vineyard Haven

Based on HUD Small Area Fair Market Rent for Taunton-Mansfield-Norton, MA HUD Metro FMR Area, a 5-bedroom in 02568 carries an estimated $2,970/mo in gross rent — about a 0.62% cap rate and $13,693/yr in estimated NOI at the $2,195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

3,328

Style

Single Family

Built

1999

Tucked back from scenic Lake Street, this distinctive home offers privacy and charm on a landscaped 0.7 acre lot with mature trees and a classic stone wall. Inside, rich wood detailing, exposed beams, and high ceilings create a warm, inviting feel. The four-level design provides flexibility and character. The main level features a spacious kitchen with a center island open to the dining area, and a sunken living room with floor-to-ceiling windows overlooking the trees. A large screened porch extends the living space outdoors. Two bedrooms, a full bath, and laundry complete this floor. Upstairs, a dramatic hallway leads to a generous primary suite with a spacious bath and additional laundry. The third level offers a private guest suite with living area and bath. The finished lower level includes added living space, bath, and walkout. Convenient to the public boat landing on Lake Tashmoo, the Lake Street tennis and pickleball courts and just a short distance to Downtown Vineyard Haven.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,328 sq ft principal dwelling). Lot size: 30,928 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$2,400,000
Annual Taxes$13,393

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms12
FireplacesNone
FlooringWood, Tile
BasementFinished

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR10

Property & Lot

Acres0.71
SqFt Lot30,928
Lot FeaturesWooded, Gentle Sloping

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Tennis Court(s) • Walk/Jog Trails • Bike Path • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 2Bathroom 3
Second
Master BedroomBathroom 2
First
Living RoomDining RoomKitchenFamily RoomBedroom 3Bedroom 4Bathroom 1
Basement
Bedroom 5
Living Room
Lvl First

Beamed Ceilings

Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Third
Bedroom 3
Lvl First
Bedroom 4
Lvl First
Bedroom 5
Lvl Basement
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Bathroom 3
Lvl Third

Property History

Price Drop
$2,195,000

Was $2,400,000

Aug 18, 2026

MLS® 73511187

Listed
$2,400,000

May 1, 2026

MLS® 73511187

Listing Provided By

Listing Agent: Alyssa Halisky

Listing Office: Provided by MLS PIN

MLS® Number: 73511187