Incredible opportunity for workforce housing, live in one/rent the other, or multi generational family living. Main house has 4 levels of living space. Main floor living/kitchen/dining/full bath and laundry. 2nd floor has two bedrooms and full bath. 3rd floor is a large finished bonus room. The full walkout basement in the main house is finished with private entry, full bath, separate rooms and laundry. The guest house was completely renovated top to bottom in 2023, new everything! Included but not limited to: new kitchen, baths, windows, roof, siding, electrical and plumbing. Landscape around guest house has new stone walls, patio, and pea stone driveway. Guest house is 1 bedroom, 1.5 bath and really is a gem. Main house has been fully rented year-round for years and may need a little TLC for the next owner, a new asphalt roof on main house was installed in 2025. Guest house has been rented via airbnb and has all 5 star reviews. A new septic system was installed in 2018. This property has TONS of potential.
For sale
$1,539,000
8 Melrose Ave, Oak Bluffs, MA 02557
3beds
1,951sqft
Single Family Residence
Built in 1978
0.25 Acres Lot
$1,471,400 Zestimate®
$789/sqft
$-- HOA
What's special
- 28 days
- 641
- 34
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jon Hartzband 508-415-4239 call/text anytime,
Martha's Vineyard Island-Wide Realty
Source: LINK,MLS#: 44931
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- GFHA
Appliances
- Included: Stove: y, Washer: y
Features
- MiniSplit, Floor 1: (Main house) - Large front deck, kitchen, living and dining room, full bath and laundry room... (Guest house) - Open living, dining, kitchen, office nook and full bath, Floor 2: (Main house)- Two bedrooms and another full bath.. (Guest house) - Bedroom and half bath, Floor 3: Main - Large finished bonus room
- Flooring: Hardwood/Tile
- Basement: Main house has a full private entry finished basement with full a bath and multiple rooms.
Interior area
- Total structure area: 1,951
- Total interior livable area: 1,951 sqft
Property
Parking
- Parking features: Plenty
Features
- Exterior features: Deck, Patio, PubBch
- Has view: Yes
- View description: None, Trees/Woods
- Frontage type: None
Lot
- Size: 0.25 Acres
- Features: Yes
Details
- Parcel number: OAKBM0022B0029L002
- Zoning: R1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Full finished walkout basement
Condition
- Year built: 1978
- Major remodel year: 2023
Utilities & green energy
- Sewer: Septic Tank
- Water: Town
- Utilities for property: Cbl
Community & HOA
Location
- Region: Oak Bluffs
Financial & listing details
- Price per square foot: $789/sqft
- Tax assessed value: $1,094,100
- Annual tax amount: $5,459
- Date on market: 9/10/2026
- Listing agreement: E
Estimated market value
$1,471,400
$1.40M - $1.54M
$7,069/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Listed for sale | $1,539,000$789/sqft |
Source: LINK #44931 Report a problem | ||
| 11/26/2024 | Listing removed | $1,539,000$789/sqft |
Source: LINK #42249 Report a problem | ||
| 9/14/2024 | Price change | $1,539,000-0.7%$789/sqft |
Source: LINK #42249 Report a problem | ||
| 8/20/2024 | Listed for sale | $1,550,000+148.8%$794/sqft |
Source: LINK #42249 Report a problem | ||
| 9/3/2019 | Sold | $623,000-7.7%$319/sqft |
Source: LINK #34274 Report a problem | ||
| 1/31/2019 | Listing removed | $675,000$346/sqft |
Source: Martha's Vineyard Island Wide Realty, Inc. #72394321 Report a problem | ||
| 9/12/2018 | Listed for sale | $675,000+36.9%$346/sqft |
Source: Martha's Vineyard Island Wide Realty, Inc. #72394321 Report a problem | ||
| 12/3/2004 | Sold | $493,000+29.7%$253/sqft |
Source: LINK #9320 Report a problem | ||
| 2/6/2004 | Sold | $380,000+68.1%$195/sqft |
Source: LINK #10482 Report a problem | ||
| 4/12/2002 | Sold | $226,000$116/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,352 +0.6% | $1,059,900 +4.2% |
| 2024 | $5,318 +12.3% | $1,016,800 +13.3% |
| 2023 | $4,737 -1.9% | $897,200 +26.1% |
| 2022 | $4,830 -5.9% | $711,400 +2.1% |
| 2021 | $5,135 +1.5% | $696,800 +2.4% |
| 2020 | $5,061 +3.1% | $680,200 +6.6% |
| 2019 | $4,908 +1.7% | $638,200 +3.5% |
| 2018 | $4,828 +6.3% | $616,600 +10.6% |
| 2017 | $4,543 +9.4% | $557,400 +8.9% |
| 2016 | $4,152 +7% | $511,900 +5% |
| 2015 | $3,879 +7.3% | $487,300 +5.3% |
| 2014 | $3,614 -4.1% | $462,800 -5.3% |
| 2013 | $3,769 +0.6% | $488,900 -3.6% |
| 2012 | $3,748 +5.7% | $507,200 +0.6% |
| 2011 | $3,545 +5.6% | $504,200 -5.4% |
| 2010 | $3,358 +4.3% | $533,000 |
| 2009 | $3,219 +7.3% | $533,000 |
| 2008 | $3,001 -3% | $533,000 -3.7% |
| 2007 | $3,095 +26.1% | $553,600 +54% |
| 2004 | $2,455 +16.7% | $359,500 +19.3% |
| 2003 | $2,104 | $301,400 |
Find assessor info on the county website
Monthly payment
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Neighborhood: 02557
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