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348A Commercial Street Unit 5, Provincetown, MA, 02657

1beds
1baths
681sqft
$1,550,000
$2,276price/sqft
$9,285/moest. monthly cost
$371,400/yrincome needed

About This Home

Perched atop one of the tallest buildings in the center of Provincetown yet hidden entirely, this extraordinary top-floor residence offers a living experience unlike any other. Accessed by a pretty red-brick path, this is a quiet private retreat in the very heart of town. Structurally rebuilt and reimagined in 2017 by HEIN+COZZI Architects, the home offers breathtaking panoramic bay views in every direction--to Long Point and Wood End Lighthouses, the harbor, the town's lovely steeples and cupolas, Town Hall and iconic rooftops. Windows on all sides fill the vaulted beamed rooftop interior with ever-changing light. Two custom window banquettes with built-in storage create perfect daybeds for relaxing, dining or watching the town below. Custom millwork, generous built-ins, designer lighting, sliding pocket doors, gas fireplace, high end appliances, heated bathroom floors, Italian concrete tiles, wood floors, king-size bedroom with water views and built-in closets, two decks and parking.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
95
BikeBiker's Paradise

Schools

6/10
Provincetown SchoolsGrades PK-80.3 mi

Construction

Condition

  • Property condition: Updated/Remodeled, Actual
  • Year built: 1900

Notable Dates

  • Major remodel year: 2016

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Wood,Tile
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Common walls with other units/homes: No One Above

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: None

Interior Area

  • Total structure area: 681
  • Total interior livable area: 681 sqft

Property

Details

  • Parcel number: PROV M:121 P:152 E:1005
  • Attached to another structure: Yes
  • Zoning: TCC
  • Special condition: Standard

Features

  • Stories: 1
  • Entry location: 6+ Steps to Entry,Top Level
  • Patio & porch: Deck
  • Has view: Yes
  • Has water view: Yes
  • Water view: Bay/Harbor

Lot

  • Lot size: 7,405 sqft
  • Features: Bike Path,Shopping,Public Tennis,Marina,In Town Location,Conservation Area

Parking

  • Total spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Hail
Inland Flooding
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,837$94,044
Home Insurance *$255$3,060
Property Taxes $839$10,068
Electricity $354$4,259
Total$9,285$111,420
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$318,342/yr
40% on housing$278,550/yr
45% on housing$247,600/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,276This listing

vs Other Active Listings

Avg $/sqft

ZIP 02657$842
Barnstable County$549

vs Homes Sold Last Month

Median $/sqft

ZIP 02657$1,316
Barnstable County$463

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-31Listed for sale$1,550,000

For Sale by Agent

AgentIskren ''Isi'' Georgiev
BrokerageGibson Sotheby's International Realty

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