
54 Lexington Ave #32 Gloucester — Photo 1 of 1
Recent Drop: $20,000
$299,000
54 Lexington Ave #32, Gloucester, MA 01930
Gloucester, MA 01930 — Magnolia
Beds
--
Baths
1
SqFt
400
Style
Condominium
Built
1920
Enjoy easy access to Magnolia Beach living for just $299,000! This charming top-floor STUDIO condominium offers a wonderful opportunity to own your own place in the picturesque seaside village of Magnolia.Just a short distance from Magnolia Beach, Magnolia Pier, and Coolidge Reservation, this inviting studio is all about location, convenience, and the coastal lifestyle. Inside, you’ll find hardwood floors, a spacious kitchen with granite countertops, and an efficient open layout that makes excellent use of the limited space.One of the highlights is the private deck with beautiful ocean views—the perfect spot for morning coffee, relaxing after the beach, or enjoying warm summer evenings.Additional conveniences include a shared laundry, a deeded parking space, and heat and hot water included in the condo fee. On the site of Magnolia’s legendary Oceanside Hotel, this appealing pied-à-terre studio is ideal as a cozy year-round residence, extra room for guests, quick weekend-vacation getaway, or an income producing investment property. Truly a rare opportunity for savvy buyers.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Gloucester, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Kitchen
Lvl First6.5 x 7.333333333
Flooring - Hardwood, Recessed Lighting, Lighting - Overhead
Bathroom 1
Lvl First7 x 5.916666666
Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Property History
$299,000
Sep 17, 2026
MLS® 73578740
$299,000
Was $319,000
Aug 25, 2026
MLS® 73544618
$319,000
Jul 4, 2026
MLS® 73544618
$324,000
Sep 2, 2025
MLS® 73371228
$324,000
May 7, 2025
MLS® 73371228
Population
30,075
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$84K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
36.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Nancy Peterson
Listing Office: J. Barrett & Company
MLS® Number: 73544618
Browse More Homes in Gloucester
Explore other active listings in the area.
$400,00044 Lexington Ave Unit 42Gloucester, MA2 bd1 ba869 sqft
$1,549,0003 Colburn St Unit 1Gloucester, MA3 bd3 ba2,653 sqft
$825,0005 Pirates Lane Unit 11Gloucester, MA2 bd2 ba1,436 sqft
$599,000158 Hesperus Ave Unit 2LGloucester, MA1 bd1 ba1,145 sqft
$909,99943 High St Unit BGloucester, MA3 bd3 ba2,346 sqft
$299,00054 Lexington Ave Unit 32Gloucester, MA1 ba400 sqft