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7 Lighthouse Way, Gloucester, MA, 01930

3beds
2baths
1,135sqft
$794,000
$700price/sqft
$5,272/moest. monthly cost
$210,880/yrincome needed

About This Home

Location, location, location – says it all for this hidden gem near Niles Beach in East Gloucester – as a full-time residence or summer/weekend getaway less than a half mile to the beach. A meandering paver path leads to this light-filled 3-bedroom, 2 full bath charmer with cathedral ceilings, multiple sets of sliders, skylghts, and huge windows throughout while the wraparound deck is a great gathering spot after a day at the beach or a quiet haven when sipping beverages or stargazing. The easy flow main level, which has a full bathroom, offers hardwood flooring in the great room, kitchen and primary bedroom. Designed for flexibility as well as privacy, one side of the house has 2 bedrooms, a full bathroom and a separate entrance. An oasis of peace and serenity, this beachy property is fully fenced and surrounded by sprawling lawns dotted with colorful plantings. Don’t let this be the “one” that gets away.

Getting Around

30
WalkingCar-Dependent
30
TransitSome Transit
21
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Water Heater,Range,Dishwasher,Disposal,Refrigerator,Washer/Dryer
  • Laundry features: Flooring - Hardwood,First Floor

Bathroom1

  • Features: Bathroom - Full, Bathroom - With Tub & Shower
  • Level: First

Bathroom2

  • Features: Bathroom - Full, Bathroom - With Shower Stall
  • Level: First

Bedroom2

  • Features: Skylight, Closet, Flooring - Laminate, Window(s) - Bay/Bow/Box
  • Level: Second

Bedroom3

  • Features: Closet, Closet/Cabinets - Custom Built, Flooring - Laminate
  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 1

Dining Room

  • Level: First

Features

  • Window features: Insulated Windows
  • Flooring: Wood,Tile,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,135

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,135
  • Total interior livable area: 1,135 sqft

Kitchen

  • Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Open Floorplan, Lighting - Pendant
  • Level: First

Living Room

  • Features: Bathroom - Full, Cathedral Ceiling(s), Flooring - Hardwood, Window(s) - Picture, Balcony / Deck, Deck - Exterior, Exterior Access, Open Floorplan, Slider
  • Level: First

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box
  • Level: Main,First

Property

Details

  • Parcel number: M:0132 B:0018 L:0000,1900304
  • Zoning: R-10

Features

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

Lot

  • Lot size: 7,666 sqft
  • Features: Cul-De-Sac,Level

Parking

  • Total spaces: 3
  • Parking features: Off Street,Deeded
  • Uncovered spaces: 3

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
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Ice Storm
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 $4,014$48,168
Home Insurance *$271$3,252
Property Taxes $633$7,596
Electricity $354$4,259
Total$5,272$63,264
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$180,754/yr
40% on housing$158,160/yr
45% on housing$140,586/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: 8.2%
8.2%
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

$700This listing

vs Other Active Listings

Avg $/sqft

ZIP 01930$515
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01930$426
Essex County$387

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
2026-08-11Price change$773,000
2026-06-24Price change$794,000
2026-06-03Listed for sale$819,000
2024-10-18Sold$737,000
2024-09-19Contingent$685,000
2024-09-16Listed for sale$685,000
1995-06-30Sold$134,000
1991-10-15Sold$138,000

For Sale by Agent

AgentAnn Rick Gloucester Group
BrokerageJ. Barrett & Company

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