Sea Crest sale among 2023’s most expensive Cape Cod real estate sales

The nearly 100-year-old Sea Crest Beach Hotel was one of the most expensive Cape Cod real estate sales of 2023, selling for $53,877,100.

BH Sea Crest Properties sold the iconic 263-room hotel near Old Silver Beach to Falmouth Resort Owner LLC in a sale recorded on Jan. 18, according to records with the Barnstable County Registry of Deeds.

Falmouth Resort Owner is made up of two investment companies: Certares Management LLC, of New York, and Hersha Hospitality Management (HHM), of Philadelphia. When BH Sea Crest Properties first bought the property in January 2021, the 195,000-square-foot property on 21.6 acres cost $29,450,330.

Sea Crest Beach Hotel at 350 Quaker Road in North Falmouth sold for $54 million, making it one of the most expensive Cape Cod real estate sales in 2023.

Below are some of the highlights of other major real estate sales on Cape Cod in 2023.

Osterville house goes for more than $12 million

On March 14, a Delaware limited liability company snatched up an Osterville single-family house at 209 Bay St. for $12.2 million.

A single-family home at 209 Bay St. in Osterville sold for more than $12 million in March, among the most expensive property sales in Barnstable County in 2023.

Normal Property LLC bought the 5,400-square-foot house with six bedrooms and eight bathrooms from 209 Bay LLC, of Nantucket. The house includes wide oak floorboards, numerous decks, and an infinity pool with a spa, according to its Zillow description.

According to data from the Cape Cod & Islands Association of Realtors compiled in November, a single-family home in Barnstable County yielded a year-to-date median sale price of $730,000 — a 5.8% increase from 2022’s $690,000.

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