Provincetown, MA 02657 (MLS # 22404237)

High on Miller Hill with commanding views of Cape Cod Bay, this exceptional Captain's House is available for the first time in decades. Known as Aerie House, the property features 8 bedrooms and 7 baths across three floors and has been run successfully as a guesthouse by one of Provincetown's most established innkeepers.With panoramic views from Provincetown Harbor to Long Point, Truro, and beyond, this is a rare opportunity to own a high-performing investment in a premier hilltop location. The home offers multiple income streams, flexibility of use, and long-term upside -- all above the flood zone.The layout is ideal for continued hospitality use or as a single-family conversion with two self-contained, revenue-generating units -- each with separate entrances and outdoor areas that do not interfere with the main residence. With excellent income potential, this property provides meaningful coverage for carrying costs and offers strong value at this price point. Highlights include: Four decks and two patios with water views across three levelsA spacious third-floor suite (''The Eagle's Nest'') with 2 bedrooms, ensuite bath, butler's pantry and private bay view deck; A fully equipped efficiency apartment with kitchen, breakfast bar, and private bath; multiple other ensuite guest rooms, many with bay views; expansive second-floor entertaining deck with bar area and exceptional views perfect for events or guest enjoyment; a greenhouse; established gardens; hot tub with bay views; off-street parking for six. Inside, the home is both gracious and practical: a wisteria-covered porch leads to a sunlit solarium and large living room with wood-burning fireplace. A front desk, kitchen, and laundry area can be closed off when not in use. Comfort features include wall-unit air conditioning, oil-fired hot water radiators, and a new on-demand hot water system. The inn is offered turnkey (with some personal exclusions), including brand assets, customer lists, website, booking engine, and optional training allowing for a seamless transition. Whether you're looking to run a high-profile Provincetown guesthouse, invest in a flexible income property, or convert to a multi-use residence with strong rental upside, this standout offering delivers.

Price History

Prior to Jan 15, '25	$3,449,000
Jan 15, '25 - Jun 25, '25	$3,249,000
Jun 25, '25 - Today	$2,995,000

Additional Details

AIR CONDITIONING	Yes
CONSTRUCTION	Clapboard, Plaster, Shingle Siding
HOA DUES	Annually
INTERIOR	Other
LOT	5663 sq ft
LOT DESCRIPTION	Cleared, Steep Slope
SEWER	Public Sewer
STORIES	2
TAXES	7480.78