The Globe had an article sometime over the past two days about how the Nantucket real estate market is still on fire.

On the Cape itself? Not so much, at least based on the observations of a couple of people I asked.

Anyway, the Times included a property in Provincetown in its latest “What You Get for the Money …” column.

What You Get for … $350,000

A one-bath 1940s-style studio bungalow with 436 square feet of space in the Four Gables, a residential community created from the outbuildings of a former estate.

HOW MUCH: $359,000
PER SQUARE FOOT: $823.39

SETTING: Four Gables is a few minutes’ walks from Commercial Street, Provincetown’s main thoroughfare. Cape Cod National Seashore’s beaches, ponds, and dunes are a mile and a half away.

COMMON SPACES: The living room and galley kitchen are cozy and have glossy wood wainscoting and wood floors. There is also a free-standing gas fireplace.

PERSONAL SPACES: A sleeping loft under a wood-beamed ceiling has French doors that lead out to a private backyard.

OUTDOOR SPACE: In addition to a front porch and a back patio, the property has a small fenced-in front yard with a pond.

AMENITIES: A parking space is included with the home.

TAXES: $1,916.24 a year; condominium association fee: $140 a month

CONTACT: Ken Russo, Atlantic Bay Sotheby’s International Realty (508) 487-2430

Hmmm. It must be something very special.

Meanwhile, there do seem to better deal in town; from the ten listings in MLSPIN right now, the average price per square foot for condos seems to be in the range of $450-$600 per square foot.

There’s even a studio condo available for under $200,000.

Based on the photo, it’s IN the Atlantic Ocean, not facing it … eh, what do you want for less than $1,200 per month?

Several readers of this blog are real estate agents from the Outer Cape. Thoughts on the market, these days?

Source: What You Get for $350,000 – By Anna Bahney, The New York Times

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