Listed by Commercial Realty Advisors, Inc.
$22,999,000
BEACHFRONT CONDOS ON CAPE COD
Details
APN TRUR-000001-000000-000005
Property Type Hospitality, Mixed Use
Sub Type Motel, Condos
Units 42
Tenancy Multi
Year Built 1950
Year Renovated 2020
Buildings 3
Acreage 2.300
Zoning Beach Point Limited Business (LBP)
Investment Type Redevelopment
Ground Lease No
Hospitality
Marketing description
White Sands Beach Club is a rare 2.3-acre beachfront property at Beach Point, on the Truro–Provincetown line — a redevelopment opportunity that already carries real momentum. The condominium structure is established and in place, with roughly 40% of the units rebuilt from the ground up since 2019 and a further ~20% substantially renovated.
The offering conveys 42 fee-simple condominium units in Buildings 2, 3 & 4; the owners prefer to retain 2 units (Building 1) as a carve-out. Pathways include individual condominium sales, multifamily, or continued seasonal lodging under Beach Point zoning — subject to approvals.
Investment highlights
- Existing Condominium Structure Already in Place — White Sands is already a legal condominium (Buccaneer Condominium, M.G.L. c. 183A) — not a hotel that must be converted from scratch. A buyer acquires established fee-simple condominium units, a materially shorter path to a residential condo product. Residential use still requires a Section 40.3 special permit and a Master Deed use amendment.
- Redevelopment Momentum — ~40% Already Rebuilt — The capital-intensive work is underway: over $1.24M in documented 2019–2020 permits delivered the new West Wing (Building 2) on a new foundation and a full renovation of the Beachfront building (Building 3). A buyer inherits real momentum — with the 1950 East Wing (Building 4) remaining as identified value-add.
- A Deeded, For-Sale Value Path — Direct-beachfront homes and condominiums in the Provincetown–Truro corridor trade at levels that reward a deeded, for-sale strategy. With 42 fee-simple units already in condominium form, a buyer can pursue individual unit exits over time — a return profile distinct from a single-owner lodging hold. In-place income underwrites the basis; the for-sale path frames the upside.
- Irreplaceable Beachfront Scale & Density — At 2.30 acres with direct Cape Cod Bay frontage, the site is unusually large for this coastline. The Beach Point framework supports approximately 47 units, and the National Seashore boundary freezes competing supply in perpetuity — subject to parking, wastewater, floodplain, and permitting constraints.
- A Patient Asset with Multiple Paths — The property rewards a patient owner. It can be held and operated seasonally while entitlements advance, redevelopment can be phased building by building, and the ultimate program — for-sale condominiums, multifamily, or a repositioned resort — can flex with the market and the approval path. Few Outer Cape assets offer this breadth of long-term potential on a single deeded parcel.
Listing Contacts
Listed by Commercial Realty Advisors, Inc.
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