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$1,350,000
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Property Description
Nestled on a quiet street just moments from the heart of Vineyard Haven, this well-maintained 4 BR, 3 BA home offers a winning blend of comfort, privacy, and classic island appeal. The sun-filled main level features an open-concept living area flowing seamlessly into a bright, updated kitchen with center island, ideal for everyday living and casual entertaining. Two 1st floor bedrooms and a full bath provide excellent flexibility for guests, home office space, or convenient one-level living, while upstairs offers two spacious en-suite bedrooms designed for privacy and relaxation. Outdoor living shines with a deck overlooking the yard, plus a lower-level bonus with laundry, storage, and workshop potential. Peacefully set yet close to it all, enjoy easy access to public beaches, Tisbury School, and just 0.5 miles to Main Street Vineyard Haven with shops, dining, and ferry access. Perfect as a year-round residence, second home, or investment opportunity--this property checks all the boxes!
Full Property Details
Full Property Details for 116 Franklin Terrace
General
- Price: $1,350,000
- Taxes: $6,253 (2024)
- Status: Active
- Type: Single Family
- Source: CCI
- MLS ID: 22600011
- Updated: 1/19/2026
- Added to Site: 60 day(s) ago
Interior
- Number of Rooms: 7
- Appliances: Dishwasher, Electric Range, Microwave, Electric Water Heater
- Flooring: Vinyl, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
- Primary Bedroom: 14.833333333 x 23.25, Second, 344.875 Sq. Ft.
- Bedroom 3: 12.916666666 x 23.25, Second Level, 300.3125 Sq. Ft.
- Bedroom 4: 13.166666666 x 13.4166666, First Level, 176.6528 Sq. Ft.
- Bedroom 5: 12.916666666 x 12.9166666, First Level, 166.8403 Sq. Ft.
Other Rooms
- Living Room: 11.916666666 x 12.9166666, First Level, 153.9236 Sq. Ft.
- Kitchen: Kitchen, 9.833333333 x 13.4166666, First Level, 131.9306 Sq. Ft.
- Dining Room: Dining Room, 6.416666666 x 12.9166666, First Level, 82.8819 Sq. Ft.
Exterior
- Exterior Features: Garden
- Deck/Patio: Deck, Porch
Parking
- Total Spaces: 6
Location
- County: Dukes
- Driving Directions: Franklin Street to Franklin Terr (Google shows Franklin Ave)
Heating & Cooling
- Heating Type: Hot Water
Utilities
- Sewer: Septic Tank
Structural Information
- Architectural Style: Cape Cod
- Construction: Shingle Siding
- Exterior Const.: Shingle Siding
- Basement Desc.: Bulkhead Access, Interior Entry, Full
- Roof: Asphalt, Pitched
- Stories/Levels: 2
- Square Feet: 1,714
- Year Built: 1971
- Property Condition: Updated/Remodeled, Actual
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 12,975
- Lot Size Source: Field Card
- Street/Road Desc.: Paved
- Zoning: R10
Financial Considerations
- Price Per Sq. Ft.: $787
- Assessment Amount: $783,600
- Land Assmt: $390,700
- Tax Amount: $6,253
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: None
- Property ID: TISB M:0026D B:00000 L:09.10
Listed by Keller Williams Realty, Pricila Ray
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Schools
Schools serving 116 Franklin Terrace
School Districts:Tisbury School District, Martha's Vineyard School District
| Name | Grades | Distance |
|---|---|---|
Tisbury Elementary School 40 West William Street, Tisbury, MA 02568 | PK-8 | 0.5 mi |
Marthas Vineyard Regional High School 100 Edgartown-Vineyard Haven R, Oak Bluffs, MA 02557 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 Franklin Terrace
Date
Details
Price
Change
Source
1/02/2026
Listed
$1,350,000
200%
MLS
2/08/2005
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 116 Franklin Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,921
11%
$914,300
17%
2024
$6,253
8%
$783,600
-1%
2023
$5,776
10%
$789,100
31%
2022
$5,248
13%
$603,200
19%
2021
$4,650
4%
$507,100
6%
2020
$4,458
2%
$477,800
—
2019
$4,381
12%
$477,800
16%
2018
$3,906
—
$413,300
-4%
2017
$3,918
4%
$430,100
4%
2016
$3,779
12%
$412,600
9%
2015
$3,367
6%
$377,500
—
2014
$3,176
—
$378,600
1%
2013
$3,177
—
$374,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116 Franklin Terrace
116 Franklin Terrace, Tisbury, MA 02568 (MLS# 22600011) is a Single Family property with 4 bedrooms and 3 full bathrooms. 116 Franklin Terrace is currently listed for $1,350,000 and was received on January 02, 2026. Want to learn more about 116 Franklin Terrace? Do you have questions about finding other Single Family real estate for sale in Tisbury? You can browse all Tisbury real estate or contact a Coldwell Banker agent to request more information.

