$298,500

***Seller Now Offering $7,000 towards a 2-1 buydown and/or buyer closing costs*** Experience a true gem of North Shore living in Gloucester's famed Magnolia neighborhood. Located on the site of the legendary Grande Dame Oceanside Hotel, this charming and cozy studio brings coastal living right to your doorstep at an amazing value! Step outside to sweeping views of the Atlantic Ocean in one direction and Magnolia's beloved shops, restaurants, library, and post office in the other. And that's only the beginning. Nearby beaches include Gray Beach, Black Beach, and Singing Beach, while the scenic Coolidge Reservation and Rafe's Chasm are just minutes away. A true nature lovers paradise! For the perfect end to the day, stroll down Magnolia Pier and take in a beautiful sunset. Back home, enjoy convenient private parking, dedicated storage for your beach and outdoor gear, and a covered porch-the perfect spot for a relaxing meal or drink. Come see what makes this opportunity special.