Going, Going, Gone? Another Cape Cod Cottage That Sits Mere Feet From the Edge of Crumbling Ocean Bluff Lists for Less Than $200K

A couple of weeks ago, a Cape Cod cottage on an eroding bluff and perched just shy of collapsing into the Atlantic Ocean made headlines when it hit the market for just $239,000.

While that residence is currently pending sale, an adjacent property has also just hit the market—this one for the extraordinary asking price of just $199,000, a sum that has helped it splash to the top of the week’s most popular homes list.

What’s the catch? Like its neighbor, this three-bedroom residence, though available for a low sum, is facing imminent risk of coastal erosion, sitting just a few feet from a crumbling bluff edge.

That impending threat might explain why the seller’s ask for the property is almost half the price he paid just one year ago, when he snapped up the 1,422-square-foot residence for $395,000.

At the time, the daring buyer, David Moot, said he knew purchasing a home located just 25 feet from the bluff was risky, but insisted that he wanted to take advantage of its proximity to the ocean, even if just for a short time.

“Life’s too short, and I just said to myself: ‘Let’s just see what happens,'” he told Bloomberg.

With the fast-rising sea levels, it looks like he is now trying to recoup a portion of his investment.

Also grabbing attention this week are a Craftsman home with income-producing opportunity in New Orleans, a former church turned luxury residence in Michigan, and a historic Nantucket compound.

Price: $250,000

Why it’s here: What you see on the outside of this adorable cabin is not at all what you might expect to find inside!

The 360-square-foot tiny home with a cozy fireplace resembles a quintessential retreat, but the interior boasts a surprising wow factor. Built in 1928, the one-bedroom home features an open floor plan with black-and-white accented ceilings, painted millwork, sleek black cabinetry, and an elevated heart-shaped red hot tub that takes center stage.

Offering views of Lake Pocatello, the wooded residence also has a brand-new deck surrounded by serene views.

Arya Rabinovits, of Erealty Advisors, Inc., is the listing agent.

Price: $2,900,000

Why it’s here: Attention, investors. Here’s an opportunity to buy a 10-acre “gentleman’s ranch” with three residences, a game room, and gazebo and continue operating it as a short-term rental and event venue.

Known as Legacy at the Ranch, the gated compound designed for grand-scale entertaining includes a five-bedroom primary residence, a one-bedroom guesthouse, and an entertainment lodge with a bar and additional guest accommodations. There is also a resort-inspired, heated pool with cascading water features, outbuildings for storage, a barrel sauna, and workshop.

According to the listing, the investment property does not have any deed restrictions.

Megan Mrazek, of Keller Williams – Lake Travis, is the listing agent.

Price: $545,000

Why it’s here: Built in 1930, this Craftsman home with income-producing opportunity has been thoughtfully modernized over the years and still boasts many period details.

Historic highlights found throughout the five-bedroom residence include preserved hardwood floors, built-ins, custom millwork, and a fireplace. Three bedrooms with an updated kitchen and bathrooms can be found in the main upstairs living area. A two-bedroom guest suite with a separate modern kitchen and private entrance is located on the lower level.

Meanwhile, a covered patio overlooks the fenced-in yard with pergola.

Sean Gerowin, of Villere Realty, LLC, is the listing agent.

Price: $549,900

Why it’s here: It’s a beautifully updated Queen Anne-style residence nestled in the North Beverly neighborhood.

The spacious 2,900-square-foot interior boasts two primary suites, a living room with an electric fireplace, and a stylish kitchen with quartz countertops and custom red cabinetry. A roof deck and a four-season sunroom overlooking a patio were both designed for relaxing and entertaining.

A home theater with an electric fireplace can be found on the lower level.

Vergis H Eiland III, of @properties Gold Coast, is the listing agent.

Price: $125,000

Why it’s here: While the structure may seem picture-perfect from this angle, it is in need of a “total rehab” due to one side being entirely exposed.

The shell could be renovated and transformed into living space with the appropriate permits. Buyers are required to do their own due diligence as the property is being offered as is.

While the “value is in land only,” according to the listing, the nearly 1-acre partially wooded lot with a storage shed offers “lots of potential for the right buyer.”

Victoria Haggerty, of RE/MAX Supreme, is the listing agent.

Price: $1,490,000

Why it’s here: This eclectic Creole triplex nestled in the Lower Garden District is currently being used as a wedding and event venue.

Built in 1940, the industrial-chic interior boasts exposed brick walls, high ceilings, rustic hardwood floors, exposed beams, vaulted ceilings, oversized windows, and several fireplaces. Each of the three floors has a separate bedroom, kitchen, full bathroom, and living space that could be used as rental-producing income.

Covered balconies overlook two courtyards designed for gathering.

Shannon Worrel, of The W Group Real Estate LLC, is the listing agent.

Price: $800,000

Why it’s here: It’s a former church that has been reincarnated into a four-bedroom modern sanctuary.

The 4,326-square-foot “architectural showpiece” offers the charm of a historic structure combined with new construction. Highlights include cathedral ceilings, exposed beams, arched doorways, floor-to-ceiling windows, a spiral staircase, and new electrical and plumbing systems. A contemporary kitchen has custom green cabinetry, built-in appliances, and a breakfast bar. There is also an entertainment room, a bonus room, and loft that could be used as a home office.

Located on nearly 2 acres, the spacious lot also has a patio for entertaining, a carport, and RV parking.

Rick Sadle, of Keller Williams Realty, is the listing agent.

Price: $2,495,000

Why it’s here: Here’s the chance to own the former Seventh Day Adventist Church that was transformed over a two-year process into this sprawling 8,000-square-foot luxury residence.

Stained-glass windows and wood-clad ceilings remain intact while original wood pews were repurposed and used throughout the home, including creating a lower-level custom bar. A grand curved staircase with custom wrought-iron railings leads to a loft-style family room overlooking the great room with a stone fireplace. The gourmet chef’s kitchen has a curved, granite island and high-end appliances. A first-floor primary suite with vaulted ceilings has a spa-inspired bathroom with a soaking tub and walk-in shower.

Other highlights include a billiard room, golf simulator, temperature-controlled wine cellar, guest suite, roof deck, pool, cabana, and four-car garage.

Sandi Gentry, of RE/MAX Lakeshore, is the listing agent.

Price: $6,850,000

Why it’s here: This historic legacy compound boasts a four-bedroom primary residence connected by a brick patio to a three-bedroom garden cottage on its own separate lot.

Built in 1770, the charming Isaiah Folger House still boasts exposed-beam ceilings, original millwork, wide-plank floors, and built-ins. It also has a full basement and dedicated off-street parking. The newly renovated guest cottage, being sold fully furnished, could be used for extended family and friends or income potential.

According to the listing, the property “may qualify for state and federal historic rehabilitation tax credits.”

Melanie Gowen, of William Raveis Nantucket, is the listing agent.

Price: $199,000

Why it’s here: This three-bedroom oceanfront property might seem like quite the bargain, but it is on the verge of potentially plummeting into the Atlantic Ocean below.

For the fearless buyer, the ranch-style home offers one level of scenic living surrounded by breathtaking waterfront views. Offering three bedrooms throughout the 1,422-square-foot open floor plan, the cozy home also has an updated kitchen with stainless steel appliances, two full bathrooms, a spacious back deck, and a two-car garage.

Potential buyers are advised to not “walk on the property without permission.”

Matthew Burger, of Kinlin Grover Compass, is the listing agent.