Active
4 Days on market
62 Schoolhouse Rd Edgartown — Photo 1 of 38

62 Schoolhouse Rd Edgartown — Photo 1 of 38

$3,400,000

62 Schoolhouse Rd, Edgartown, MA 02539

Edgartown, MA 02539

Investor Analysis

Beds

5

Baths

4

SqFt

3,095

Style

Single Family

Built

1986

Ideally situated between South Beach and Edgartown Village, this newly renovated Katama compound offers exceptional flexibility for personal use and rental income.The four-bedroom contemporary main house features a newly constructed, expansive great room with a cathedral ceiling and an abundance of windows that fill the space with natural light. The open floor plan flows from the updated kitchen into a living room centered around a classic brick fireplace. Skylights bring in additional sunlight, while sliding doors open to expansive new south-facing decks—perfect for outdoor dining, entertaining, and relaxing after a day at the beach. The third floor provides a second living area, bedroom, and private half bath. A full basement offers ample storage and potential for additional finished living space. The detached two-car garage includes a private one-bedroom apartment above with its own wraparound deck. A bonus room with a half bath on the garage’s main level is ideal for an office. A custom-built cedar shed provides convenient storage for bicycles and beach gear. Set on a half-acre lot with easy access to the nearby bike path leading to Edgartown Village and South Beach, this turnkey property combines an outstanding location with a strong rental history. With multiple living spaces and excellent income-producing potential, this versatile Katama compound is a must-see. Photo's have been enhanced

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$1099/sqft
Local Avg (Edgartown)$1377/sqft
20% BelowMarket Average

* Analysis is based on 17 actively listed and recently sold comparable properties strictly within Edgartown, MA.

Property Details

Financials

Original Price$3,400,000
Annual Taxes$5,040

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms11
Fireplaces1
Flooring--
BasementFull

Climate & Utilities

HeatingOil
CoolingCentral Air, Other
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter, Other
ZoningR20

Property & Lot

Acres0.5
SqFt Lot21,780
Lot FeaturesLevel

Geography

Population

5,278

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$125K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

13.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Dukes County

170 housing units permitted in the last 12 months (+110% vs the prior 12 months) — 35 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

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 3,095 sq ft principal dwelling). Lot size: 21,780 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.

Listing Provided By

Listing Agent: Michele Casavant

Listing Office: Vineyard Village Realty

MLS® Number: 73577862

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