116 Franklin Terrace, Tisbury, MA 02568
Property image
Property image
FOR SALE
0.3 ACRES

$1,325,000

Original price: $1,350,000
  • 4 Beds
  • 3 Baths
  • 1,714 sqft (on 0.30 acres)

116 Franklin Terrace, Tisbury, MA 02568

Est. Mortgage $7,566/mo*
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Home Highlights

Single-Family Home
Built in 1971
0.3 acre lot
$773/sqft
Open Parking

Local Information

  • Map ViewExplore the area around 116 Franklin Terrace.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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!
Last check for updates: about 15 hours ago
Listing courtesy of Pricila Ray, (508) 560-5132
Keller Williams Realty
Source: CCIMLS, MLS#22600011
Also Listed on MLS PIN, MLS PIN, CCIMLS, LINK, LINK.

Home Details for 116 Franklin Terrace

Interior Features

Interior Details
Basement: FullNumber of Rooms: 7
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3
Appliances & Utilities
Appliances: Dishwasher, Microwave, Electric Range, Water HeaterDishwasherMicrowave
Heating & Cooling
Heating: OilHas CoolingHas HeatingHeating Fuel: Oil
Windows, Doors, Floors & Walls
Flooring: Vinyl, Wood, Tile
Levels, Entrance, & Accessibility
Stories: 2Floors: Vinyl, Wood, Tile

Exterior Features

Exterior Home Features
Roof: Asphalt PitchedPatio / Porch: Deck, PorchExterior: GardenGarden
Parking & Garage
No GarageNo Attached GarageHas Open ParkingParking Spaces: 6Parking: Driveway,Off Street,Paved,On Street
Frontage
Not on Waterfront

Days on Market

Cumulative Days on Market: 221Days on Market: 180+

Property Information

Year Built
Year Built: 1971
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Shingle SidingDoes Not Include Home Warranty
Property Information
Parcel Number: TISB M:0026D B:00000 L:09.10

Price & Status

Price
List Price: $1,325,000Price Per Sqft: $773

Active Status

MLS Status: Active

Location

Direction & Address
City: Tisbury

Agent Information

Listing Agent
Listing ID: 22600011

Building

Building Area
Building Area: 1714 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.30 acres

Listing Info

Special Conditions: None

Miscellaneous

BasementMls Number: 22600011Showing Requirements: Appointment Required, Call Listing Agent

Around this home

What Locals Say about Tisbury

At least 26 Trulia users voted on each feature.

  • 87 % Say yards are well-kept

  • 80 % Say it's walkable to grocery stores

  • 78 % Say kids play outside

  • 77 % Say people would walk alone at night

  • 75 % Say it's quiet

  • 72 % Say it's dog friendly

  • 72 % Say it's walkable to restaurants

  • 71 % Say there's holiday spirit

  • 70 % Say there's wildlife

  • 68 % Say car is needed

  • 64 % Say they plan to stay for at least 5 years

  • 63 % Say there are sidewalks

  • 61 % Say parking is easy

  • 53 % Say there are community events

  • 44 % Say neighbors are friendly

  • 39 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "It’s great, I think any dog owner would enjoy this town for their pup. No dog park that I’m aware of, but there is one in a neighboring town. "
    0
    Flag
  • Kellyjeanmarie33
    "This is the most wonderful place to exist. You are immersed in nature yet close to town and all of its amenities. The beaches are walking distance. The neighborhood is safe. We never lock our doors. The schools are incredible. The community is living and accepting . "
    3
    Flag
  • Kellyjeanmarie33
    "This is the most wonderful and magical place to be. Full of Natural Beauty. Immersion in Nature is Constant. The Ocean and the Forest are All Around You. We are Blessed to be Here Each Day. 🙏💜✝️💜🙏"
    0
    Flag
  • Peter G.
    "The Mink Meadows community is like being up island. quiet, private, easy access to market and so much more. "
    1
    Flag
  • Meesh
    "In the winter the tourists leave and the island gets quiet. It stays relatively warm due to the Gulf Stream pulling warm water north to insulate the Sound and even though the trees loose their leaves, all the moisture creates the perfect conditions for incredibly beautiful sea-foam green lichen and mosses to cover every organic surface. Therefore, the blissful hue saturates the fog and mist; enveloping every road and path throughout the island. It’s the perfect place to forget the Internet for awhile and relish in getting purposefully lost! Enjoy it with friends or better yet, enjoy the solitude; listen to the wind whistle through the trees, hear the waves crash into the shore, and forget about everything but the moment you’re experiencing right then and now! "
    1
    Flag
  • Jeannine L.
    "The town of Tisbury on Martha's Vineyard is a community with much to offer families with children, couples, and retirees. In addition to the beaches,there are a lot of recreational activities including golf, tennis, biking, fishing, and water sports. During the day the downtown is bustling. The location is also ideal for those who want to be nearby the ferry. The Steanship ferry out of Vineyard Haven runs throughout the year. "
    0
    Flag
  • Pfred00
    "This community has a great mix of full time and summer residents, so it never feels deserted. Lady Slipper Way is part of the Spring Hill Association, a cul de sac like small community, with fully paved roads and moderate homes. Walking distance to town, tennis and Lake Tashmoo."
    1
    Flag
  • Bob B.
    "Always something to do on the Vineyard check it out you will want to live here I did and I want to move back"
    0
    Flag
  • wbaxter
    "Excellent location, just a short walk to the steamship, downtown, beach, schools and more!"
    0
    Flag
  • Pfred00
    "Have vacationed in MV for more than 10 years. While it has faced a rise in visitors, given its Presidential spotlight, it remains a wonderful place to vacation!!"
    1
    Flag
  • Robert B.
    "Perfect place to live when you want to get away from it all. Vacation or year round I know of knowhere else I'd rather live. So I'm planning on moving back."
    0
    Flag

Market trends in Tisbury

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
55
8MoM

Home Value

Trulia Estimate
$1.26M
Since last month
Increased$9K (+0.7%)
Since last year
Increased$304K (+31.8%)
Since last sale
Increased$686K (+119.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +165% in the last 10 years
MonthEstimated value
2026
September 2026$1.26M
August 2026$1.25M
July 2026$1.25M
June 2026$1.25M
May 2026$1.28M
April 2026$1.28M
March 2026$1.28M
February 2026$1.28M
January 2026$1.29M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
202 Lake St, Tisbury, MA
0.32
Single-Family Home
$1,130,000
04/28/26
4
2
1,414
344 Greenwood Ave, Tisbury, MA
0.36
Single-Family Home
$1,225,000
03/16/26
4
2
1,566
151 Tashmoo Ave, Tisbury, MA
0.11
Single-Family Home
$2,000,000
05/28/26
4
3.5
2,690
151 W Tashmoo Ave, Vineyard Haven, MA
0.11
Single-Family Home
$2,000,000
05/28/26
4
3.5
2,690
324 Greenwood Ave, Tisbury, MA
0.32
Single-Family Home
$1,112,500
12/03/25
3
2
1,398
208 Irene's Way, Tisbury, MA
0.40
Single-Family Home
$1,160,000
01/05/26
4
3
2,961
95 Tashmoo Ave, Tisbury, MA
0.21
Single-Family Home
$925,000
03/19/26
3
1
1,380
119 N William St, Tisbury, MA
0.37
Single-Family Home
$917,500
08/31/26
3
1.5
1,395
36 Tashmoo Ave, Tisbury, MA
0.32
Single-Family Home
$2,637,500
12/12/25
4
3
2,770
17 Mariner Rd, Tisbury, MA
0.53
Single-Family Home
$800,000
06/04/26
3
2
1,152

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
174 Tashmoo Ave, Tisbury, MA 02568
0.07
$2,362,700
5
4.5
3,213
Off Market
171 Tashmoo Avenue At Baylis Woods, Vineyard Haven, MA 02568
0.08
$2,267,300
5
4.5
3,090
Off Market
140 Tashmoo Avenue, Tisbury, MA 02568
0.10
$1,410,700
3
2.5
2,096
Off Market
151 Tashmoo Ave, Tisbury, MA 02568
0.10
$2,000,000
4
3.5
2,690
Recently Sold
151 W Tashmoo Ave, Vineyard Haven, MA 02568
0.10
$2,000,000
4
3.5
2,690
Recently Sold
7 Franklin Ter, Vineyard Haven, MA 02568
0.12
-
-
-
-
Off Market
193 Franklin Ter, Tisbury, MA 02568
0.16
$1,236,900
3
2
2,080
Off Market
284 Daggett Ave, Tisbury, MA 02568
0.17
$1,452,300
3
1.5
1,416
Off Market
95 Tashmoo Ave, Tisbury, MA 02568
0.21
$925,000
3
1
1,380
Recently Sold
268 Tashmoo Ave, Tisbury, MA 02568
0.19
$2,290,000
4
3
2,600
For Sale
Tashmoo Ave, Vineyard Haven, MA 02568
0.20
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Jun 12, 2026
Source: CCIMLS #22600011
PriceChange
$1,325,000
Price decreased by 2%
Jan 2, 2026
Source: MLS PIN #73464793
Listed For Sale
$1,350,000
Sep 3, 2020
Source: LINK #37823
Sold
$575,000
Feb 8, 2005
Source: LINK #10839
Sold
$450,000

LGBTQ Local Legal Protections

Pricila Ray, Keller Williams Realty
Agent Phone: (508) 560-5132
All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than CC&I Assoc. of REALTORS®, Inc. includes the name of the listing company. Neither the listing company nor CC&I Assoc. of REALTORS®, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. This site was last updated 2026-09-11 00:45:33 PDT. All properties are subject to prior sale, changes, or withdrawal. Copyright 2026© Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved.

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Frequently asked questions about 116 Franklin Terrace

  • What is the estimated monthly payment for 116 Franklin Terrace?
    Based on a $1,325,000 list price with 20% down at today's rates, the estimated monthly payment for 116 Franklin Terrace in Tisbury, MA is approximately $7,788 (about $7,161 principal & interest, $552 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Tisbury?
    Residents describe Tisbury, MA as well-kept, walkable to grocery stores, and quiet. See homes for sale in Tisbury, MA.
  • What are the closest schools to 116 Franklin Terrace?
    The closest schools to 116 Franklin Terrace in Tisbury, MA are Martha's Vineyard Regional High School (rated 6/10), Tisbury Elementary School (Pre-K/Middle, rated 4/10).
  • What is 116 Franklin Terrace estimated to be worth?
    Trulia's estimated value for 116 Franklin Terrace in Tisbury, MA is $1,261,000.
  • Does 116 Franklin Terrace have air conditioning?
    Yes, 116 Franklin Terrace in Tisbury, MA has air conditioning.
  • How big is the lot at 116 Franklin Terrace?
    The lot at 116 Franklin Terrace in Tisbury, MA is about 0.30 acres (12,975 sq ft).
116 Franklin Terrace, Tisbury, MA 02568 is a 4 bedroom, 3 bathroom, 1,714 sqft single-family home built in 1971. This property is currently available for sale and was listed by CCIMLS on Jan 2, 2026. The MLS # for this home is MLS# 22600011.