Ocean Terrace

Gloucester

Ocean Terrace — condo community in Gloucester
  • Address: 2 Ocean Ave, Gloucester, MA
  • 42 Units
  • Built 2003
  • 1 Active Listing
  • Avg HOA $337/mo

Discover the epitome of coastal living at Ocean Terrace, nestled in the enchanting Magnolia neighborhood of Gloucester, MA. Embrace the Atlantic Ocean as your neighbor and relish in the beauty and convenience of this idyllic seaside community.

Homes For Sale in Ocean Terrace

About Ocean Terrace

Ocean Terrace interior

Magnolia: A Coastal Gem

Ocean Terrace offers the unparalleled privilege of residing in the heart of Magnolia, a charming coastal village that captures the essence of New England living. Just a stone’s throw from Popplestone Beach and a short stroll from Magnolia Beach and Magnolia Pier, you’ll find yourself surrounded by the mesmerizing sights and sounds of the ocean.

Embrace the Ocean Lifestyle

Step into a world of condo living that seamlessly blends with the ocean’s embrace. Some of these units have undergone complete renovations, featuring new floors, modern kitchens, and stylish bathrooms. Others present an exciting opportunity for new owners to infuse their personal touch and revive their essence.

Open Floorplans and Abundant Light

Ocean Terrace’s townhomes boast open floorplans that invite an abundance of warm natural light. Expansive sliding glass doors connect the interiors with the beauty of the outdoors. A covered balcony creates the perfect setting for your morning coffee rituals and leisurely conversations with loved ones, all while basking in the soothing ocean breeze.

Comfort and Convenience

The primary bedrooms in these single-level units are generously proportioned, adorned with large windows that let in the coastal magic. Ample closet space ensures that storage is never a concern. Choose from 1 to 2 bedrooms and 1 to 2 baths, with select units offering tantalizing views of the ocean. And even if your unit doesn’t offer direct views, the ocean is just a block away, ready to mesmerize you.

Convenience and Amenities

Ocean Terrace presents convenience and amenities in harmony. A shared laundry facility on the property simplifies everyday tasks. Each unit is allocated one deeded parking spot, ensuring stress-free parking arrangements. Additional exposed paved and off-street parking options add to your comfort.

Live the Oceanfront Dream

Embrace the oceanfront dream at Ocean Terrace in Magnolia, Gloucester. Revel in the proximity of the Atlantic Ocean, relish the charm of Magnolia, and secure a place where coastal bliss becomes your everyday reality.

Reach out today to explore the ocean-inspired lifestyle waiting for you at Ocean Terrace.

Ocean Terrace Market Snapshot

1
Active Listings
$337
Avg HOA / mo
54
Avg Days on Market
Sales (Last 24 Months): 5
Sale Price Range: $330,000 – $350,000
Average Sale Price: $340,500
Median Sale Price: $340,000
Average Price/SqFt: $434

Data last updated: May 9, 2026 at 6:46 AM EDT

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Joe Luciano — Broker Associate, RE/MAX Bentley's

Joe Luciano

Broker Associate • RE/MAX Bentley’s

(978) 471-0035

Joe@Bentleysrealestate.com

MA License #9588826

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Joe Luciano is a local real estate expert who specializes in helping buyers and sellers in condo communities across Massachusetts. This page is not affiliated with or endorsed by Ocean Terrace, its developer, or HOA. All information is provided for general marketing purposes only. Joe does not represent the developer or any exclusive sales team for this community.