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218 Upper Main St, Edgartown, MA, 02539

1beds
2baths
1,236sqft
$2,495,000
$2,019price/sqft
$14,622/moest. monthly cost
$584,880/yrincome needed

About This Home

Located on Upper Main Street in Edgartown’s BII zoning district, this versatile property is currently home to Lucky Hank’s restaurant. Set on a desirable lot with a large private parking area, and in a coveted high-visibility location. The building offers a turnkey restaurant space and thriving business complete with a fully equipped commercial kitchen on the first floor. Upstairs, you’ll find one bedroom with an ensuite full bathroom, currently being used as the office. There is also an additional room being used for restaurant storage. With the flexibility to convert the property back to residential use, if desired, this is a rare opportunity in a prime location that should not be overlooked! This offering is for the real estate and the business. Please inquire with listing agent for additional details and information.

Getting Around

66
WalkingSomewhat Walkable
0
TransitVery Limited Transit
96
BikeBiker's Paradise

Schools

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Concrete Perimeter

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Partial,Bulkhead,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Finished area above ground: 1,236

Heating & Cooling

  • Heating features: Baseboard,Oil
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,236
  • Total interior livable area: 1,236 sqft

Property

Accessibility

  • Accessibility features: Accessible Entrance

Details

  • Parcel number: 3773533
  • Attached to another structure: Yes
  • Zoning: B2

Features

  • Patio & porch: Porch,Screened,Patio
  • Exterior features: Porch,Porch - Screened,Patio
  • Waterfront features: Ocean,1/10 to 3/10 To Beach,Beach Ownership(Public)

Lot

  • Lot size: 8,712 sqft
  • Features: Cleared,Level

Parking

  • Total spaces: 10
  • Uncovered spaces: 10

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
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
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 $12,616$151,392
Home Insurance *$1,120$13,440
Property Taxes $532$6,384
Electricity $354$4,259
Total$14,622$175,464
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$501,325/yr
40% on housing$438,660/yr
45% on housing$389,920/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,019This listing

vs Other Active Listings

Avg $/sqft

ZIP 02539$1,235
Dukes County$1,021

vs Homes Sold Last Month

Median $/sqft

ZIP 02539$973
Dukes County$616

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
2026-03-22Listed for sale$2,495,000
2012-05-31Sold$525,000
2011-11-02Listed for sale$625,000

For Sale by Agent

AgentMadelyn Silvia
BrokerageWallace & Co. Sotheby's International Realty

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