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About this home
Set on the coveted waterfront of Eastern Point, this iconic property offers a truly exceptional location overlooking the open Atlantic. During World War II, the home was owned by the U.S. government and served as a lookout station for enemy submarines.The first floor features an inviting open floor plan, with a kitchen flowing into the living and dining areas. A dramatic floor-to-ceiling fieldstone fireplace anchors the living room, while sliders open to a beautiful waterside patio—perfect for enjoying the spectacular setting.The expansive great room, once a garage, offers tremendous flexibility and could be converted back if desired. On the second floor, two generous decks flank the main structure, while a cozy second living room with fireplace provides an intimate retreat. The spacious primary bedroom features a full bath and access to the remarkable outdoor spaces.A spiral staircase leads to the third-floor loft, where the views are truly magnificent, stretching across the open Atlantic. Renovate to your taste or build anew—properties in a setting this rare and extraordinary seldom become available.
Single-familyProperty Type
1920Year Built
0.56 acresLot Size
$1,035Price/Sq.Ft.
4 spacesParking
Listed by Barbara Dugan• Engel & Volkers By the Sea
East Gloucester, located between Gloucester Harbor and Cape Ann’s Atlantic shoreline, is a seaside and residential Gloucester neighborhood with working-waterfront grit and beach-town calm. The neighborhood’s character concentrates around the Causeway at Eastern Point Boulevard, where lobster boats, bait-and-tackle storefronts, and harbor-view walks set the tempo. Rocky Neck Art Colony and the Gloucester Fishermen’s Memorial anchor local culture with studios, galleries, and maritime history. Streets mix weathered captains’ cottages, shingled seaside homes, and compact multifamily blocks. Stage Fort Park and the HarborWalk frame daily routines with lawns, coves, and long views. Good Harbor Beach and Niles Beach bring salt-air afternoons and seasonal bustle.
Provided by Walk Score and Local Logic
Offer insights
8 Rouse Rd · $2,995,000
$3.17M and above
75% chance or better to win
Why $3.17M+ is a strong offer
DAYS ON MARKET
7 days
The average home goes pending in 21 days.
SALE-TO-LIST
102.4%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Vaulted ceilings
Living/dining room combination
Two full bathrooms
Two fireplaces
Total of 6 rooms
Bedrooms
Master bedroom on the second floor (approx. 19 x 16)
Second bedroom on the third floor (approx. 25 x 12)
Bathrooms
Full bathroom on the first floor (approx. 7 x 6)
Full bathroom on the second floor (approx. 10 x 6)
Kitchen
Hardwood flooring in the kitchen
Oven
Dishwasher
Refrigerator
Water heater (appliance listed)
Laundry & utility
Laundry on the first floor
Flooring
Hardwood
Tile
Carpet
Heating & cooling
Central heating
Baseboard heating
Fireplace heating
Exterior features
Ocean waterfront with scenic views
Deck
Roofed deck
Patio
Outdoor storage
Home design
Single family residence
Grey exterior color
Parking
4 open parking spaces (total 4 spaces)
Construction
Frame and stone construction
Block foundation
Shingle roof
Built (year per public records)
Utilities
Public water
Private sewer
200+ amp electric service
HOA & community
Not a senior community
Other
Property has waterview (ocean)
Lot approximately 0.56 acre
Electricity and solar
View estimated energy costs and solar savings for this home
Magnolia is a special place with a slower pace. Its between Manchester by the sea w/its its little downtown &train to Boston yet also close by to Gloucester proper with its lively downtown & dining options. Magnolia is relaxing. Walk Shore Rd. Meet...