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Bean Group
Offered at $3,400,000Active
beds
5
baths
5
sq ft
3,095
Built
1986

62 Schoolhouse Rd

Edgartown, MA 02539

About this home

Ideally situated between South Beach and Edgartown Village, this newly renovated Katama compound offers exceptional flexibility for personal use and rental income.The four-bedroom contemporary main house features a newly constructed, expansive great room with a cathedral ceiling and an abundance of windows that fill the space with natural light. The open floor plan flows from the updated kitchen into a living room centered around a classic brick fireplace. Skylights bring in additional sunlight, while sliding doors open to expansive new south-facing decks—perfect for outdoor dining, entertaining, and relaxing after a day at the beach. The third floor provides a second living area, bedroom, and private half bath. A full basement offers ample storage and potential for additional finished living space. The detached two-car garage includes a private one-bedroom apartment above with its own wraparound deck. A bonus room with a half bath on the garage’s main level is ideal for an office. A custom-built cedar shed provides convenient storage for bicycles and beach gear. Set on a half-acre lot with easy access to the nearby bike path leading to Edgartown Village and South Beach, this turnkey property combines an outstanding location with a strong rental history. With multiple living spaces and excellent income-producing potential, this versatile Katama compound is a must-see. Photo's have been enhanced

Listing last checked: Listing updated:

Listed by Michele Casavant · Vineyard Village Realty · MLS #73577862

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Details at a glance

Interior5 property facts
Rooms
11
Heating
Oil
Cooling
Central Air, Other
Basement
Yes · Full
Fireplaces
1
Building5 property facts
Style
Single Family Residence
Year built
1986
Garage
2
Parking
8
Foundation
Concrete Perimeter, Other
Land & utilities5 property facts
Lot size
0.5 acres
Water
Public
Sewer
Private Sewer
Pool
Not reported
Zoning
R20
Financial2 property facts
Annual taxes
$5,040
Assessment year
2026

Location

Estimated monthly cost

Explore costs at the $3,400,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$17,612 / monthAdjust
Principal & interest
$17,192
Property tax
$420
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,040. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $3,164,520

Estimated range $3,011,634–$3,317,406.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: above average

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About 62 Schoolhouse Rd

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Request a tour of 62 Schoolhouse Rd and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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