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Beachfront Cape Cod Condos 706 Shore Rd 42 Unit Apartment Building $32,393,860 CAD ($771,282 CAD/Unit) North Truro, MA 02652
Executive Summary
?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.
?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.
Property Facts
| Price | $32,393,860 CAD | Apartment Style | Garden |
| Price Per Unit | $771,282 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.30 AC |
| Sale Condition | Redevelopment Project | Building Size | 20,285 SF |
| No. Units | 42 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2020 |
| Zoning | LB BEA - Commercial | ||
| Price | $32,393,860 CAD |
| Price Per Unit | $771,282 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.30 AC |
| Building Size | 20,285 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2020 |
| Zoning | LB BEA - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 42 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | TRUR-000001-000000-000005 | Improvements Assessment | $5,846,219 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,846,219 CAD |
Property Taxes
Parcel Number
TRUR-000001-000000-000005
Land Assessment
$0 CAD
Improvements Assessment
$5,846,219 CAD
Total Assessment
$5,846,219 CAD
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Beachfront Cape Cod Condos | 706 Shore Rd
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