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Cape Cod Beachfront Condo Complex for Redevelopment

706 Shore Road, Truro, MA, USA

Details

White Sands Beach Club

Beachfront Condominium Redevelopment Opportunity

706 Shore Road, North Truro, Massachusetts

Executive Summary

White Sands Beach Club is a rare beachfront redevelopment opportunity located on 2.30 acres at Beach Point, immediately south of the Provincetown town line.

The property is being offered under two separate purchase options:

  • Buildings 2, 3 and 4 may be purchased together for $22,999,000. This offering includes 42 fee-simple condominium units totaling approximately 20,285 square feet.
  • Buildings 3 and 4 may be purchased without Building 2 for $14,999,000. This offering includes 25 fee-simple condominium units totaling approximately 12,885 square feet.

Building 1, containing the owner’s residence and staff apartment, is retained by the Seller and is excluded from both purchase options.

The campus already operates under an established condominium structure. Approximately 40% of the units have been rebuilt from the ground up since 2019, with additional units substantially renovated. Building 4 remains largely original and represents the principal value-add component of the property. Potential strategies include phased condominium redevelopment, multifamily use or continued seasonal lodging, subject to all required approvals.

Space Overview

The campus is arranged around a central pool and courtyard, with the Beachfront Building positioned along the Cape Cod Bay side of the property and the West and East Wings extending toward Shore Road.

  • Site Area: 2.30 acres, approximately 100,188 square feet
  • Units Offered: 42 fee-simple condominium units
  • Buildings Included: Buildings 2, 3 and 4
  • Building Area Offered: Approximately 20,285 square feet
  • Current Configuration: Seasonal lodging units
  • Zoning: Beach Point Limited Business
  • FEMA Flood Zone: Zone AE
  • On-Site Features: Pool, courtyard, elevated decking and operating office
  • Water Exposure: Cape Cod Bay frontage, with National Seashore dunes and Atlantic views from upper-level decks
  • Parcel: Truro Map 1, Parcel 5
  • APN: TRUR-000001-000000-000005
  • Seller Carve-Out: Building 1, containing the owner’s residence and staff apartment, is excluded from the transaction

The site plan and aerial layout identify three distinct redevelopment components while preserving a unified beachfront campus configuration.

Interior & Building Features

Building 2: West Wing

  • Built in 2020
  • Approximately 7,400 square feet
  • 17 lodging units
  • Kitchen and full bathroom within each unit
  • New modular construction on a new foundation
  • Small operating office and front-desk area
  • Represents the newest building within the offering

Building 3: Beachfront Building

  • Originally built in 1955
  • Renovated in 2020
  • Approximately 5,950 square feet
  • 10 units
  • Nine units equipped with kitchens
  • Renovation included bathrooms, kitchens, cabinetry, doors, windows and fire walls
  • Positioned at the beachfront end of the central courtyard
  • Direct water orientation and access to elevated exterior decking

Building 4: East Wing

  • Originally built in 1950
  • Approximately 6,935 square feet
  • 15 units
  • Ten units equipped with kitchens
  • Largely original interior condition
  • Primary renovation and value-add component
  • Includes an approximately 2,000-square-foot, two-story former gym structure currently used for storage

More than $1.26 million in declared permit costs are documented across the property’s recent demolition, reconstruction and renovation work. The newest and renovated buildings provide an established base, while Building 4 offers a clear path for additional capital improvement and repositioning.

Location Highlights

White Sands Beach Club is located along Shore Road at Beach Point, one of the Outer Cape’s most limited and supply-constrained beachfront corridors.

  • Cape Cod Bay beachfront setting
  • Immediately south of the Provincetown town line
  • Positioned at the southern gateway to Provincetown
  • Convenient access to Provincetown restaurants, galleries, entertainment and ferry service
  • Adjacent to the Cape Cod National Seashore, creating a permanent natural amenity and barrier to competing development
  • Located within an established corridor of beachfront condominiums, seasonal lodging properties and vacation residences
  • Strong appeal to second-home buyers, vacationers and investors seeking direct beachfront exposure
  • Limited availability of comparable redevelopment-scale parcels along Beach Point

Zoning, coastal regulations and National Seashore adjacency materially restrict the creation of competing beachfront inventory, supporting the long-term scarcity of the location.

Sale Details

Full Offering

Buildings 2, 3 and 4

  • Purchase Price: $22,999,000
  • Units: 42
  • Building Area: Approximately 20,285 square feet
  • Includes the West Wing, Beachfront Building and East Wing
  • Includes associated site improvements, pool, courtyard, decking and operating office

Alternative Offering

Buildings 3 and 4

  • Purchase Price: $14,999,000
  • Includes the Beachfront Building and East Wing
  • Building 2 is excluded from this alternative offering

Ownership Carve-Out

Building 1 is retained by the Seller and is not included in either offering. Building 1 contains a four-bedroom owner or manager residence and a two-bedroom staff apartment totaling approximately 4,516 square feet.

The transaction will require confirmation of condominium unit designations, common-area and expense allocations, shared utilities, parking arrangements, access rights and any cross-easements between the retained and conveyed portions of the property. Public records indicate an access or easement benefit to the beach on an abutting parcel, the scope and terms of which should be confirmed by buyer’s counsel.

The property is presently configured for seasonal lodging. Offering materials identify an April through October seasonal restriction. Complete offering documentation is available to qualified parties following execution of a confidentiality agreement.

Assessment of Opportunity

White Sands Beach Club offers a combination that is difficult to replicate on the Outer Cape: redevelopment-scale acreage, a Cape Cod Bay beachfront setting, 42 established condominium units and substantial recent construction already completed.

The existing condominium structure is central to the opportunity. Rather than beginning with a conventional motel conversion and creating a condominium regime from the ground up, an incoming buyer acquires existing fee-simple units. A residential conversion would still require a Section 40.3 special permit, a corresponding Master Deed amendment and all applicable regulatory approvals, but the underlying ownership structure is already in place.

Potential strategies include:

  • Phased fee-simple condominium redevelopment
  • Continued seasonal lodging during the entitlement process
  • Multifamily or workforce housing conversion
  • Renovation and repositioning of the existing lodging operation
  • Building-by-building redevelopment
  • Individual condominium unit sales following approval and completion

The primary value thesis is a fee-simple beachfront condominium redevelopment, with seasonal lodging providing a potential interim holding strategy. Building 2 provides recent construction, Building 3 provides a renovated beachfront component and Building 4 provides the principal value-add opportunity.

Prospective buyers should evaluate the property with experienced coastal engineering, zoning, environmental and legal professionals. Material considerations include FEMA Zone AE requirements, substantial-improvement thresholds, Title 5 and wastewater capacity, parking, Conservation Commission jurisdiction, coastal resources and discretionary permitting.

Agent Contact Information

For more information, access to the confidential offering materials or to schedule a showing, please contact:

Jeff Eklund
Commercial Realty Advisors, Inc.
Phone: 508-280-2319
Email: JEklund@ComRealty.net

Share this Property!
  • For Sale or Lease: For Sale
  • Property size: 20285 +/- Sq. Ft.
  • Acres: 2.3 +/- Acres
  • Zoning: Beach Point Limited Business
  • FEMA Flood Zone: Zone AE — 2 014 Barnstable County FIRM
  • Assessor Parcel: Map 1, Parcel 5 APN TRUR-000001-000000-000005
  • Offering: Buildings 2, 3, & 4
  • Carve-Out: Building 1 (Retained by Seller)

Town

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Plan

Site Plan

Attachments