Gloucester

Ocean Terrace

2 Ocean Ave, Gloucester, MA

Ocean Terrace — condo community in Gloucester

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.

Units
42
Year Built
2003
Active Listings
0
Avg HOA
$334/mo
Price Range
$325K–$350K
Avg Price / Sq Ft
$433

Homes for Sale in Ocean Terrace

No listings found for this market.

Get Notified When New Listings Hit

Be the first to know about new homes available in Ocean Terrace, Gloucester.

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.

Market Snapshot

0
Active Listings
$337,900
Avg Sale Price
$433
Avg Price / Sq Ft
$334/mo
Avg HOA Fee
57
Avg Days on Market
17%
Sold above list
Sales (Last 24 Months): 6
Sale Price Range: $324,900 – $350,000
Average Sale Price: $337,900
Median Sale Price: $340,000
Average Price/SqFt: $433

Data last updated: September 18, 2026 at 12:14 AM EDT

For Owners

Thinking About Selling?

I track every recorded sale in Ocean Terrace. Find out what yours would bring in today’s market.

Joe Luciano
Joe Luciano
(978) 471-0035

Recently Sold in Ocean Terrace

Joe Luciano — Broker Associate, RE/MAX Bentley's
Your Guide to This Community

Joe Luciano

Broker Associate • RE/MAX Bentley’s • MA License #9588826

More Communities in Gloucester

Exploring All Your Options?

Search every condo and townhome community in Massachusetts by town, price, and 55+.

Search All Communities

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.