$1,400,000 · For sale

Set directly on the shores of Green Pond, a picturesque coastal waterway connected to Vineyard Sound, this distinctive five-bedroom A-frame offers a rare combination of architectural character and waterfront living. Soaring vaulted ceilings, a magnificent stone fireplace, and a dramatic central spiral staircase define the home's striking interior, while expansive windows frame beautiful views of Green Pond, bringing the waterfront setting into the heart of the home. The primary bedroom features a private balcony overlooking the water, while a remodeled kitchen and bathrooms complement the home's character. A walkout lower level offers additional living space with water views, while a wraparound deck, expansive lawn, and generous side yard create opportunities to enjoy the outdoors. An outdoor rinse station adds convenience after days spent by the water. With its unmistakable silhouette, memorable architectural details, and exceptional waterfront setting, this is a Cape Cod property unlike any other.
54 Pheasant Ln is a 5-bedroom, 2.5-bath single-family home for sale in Falmouth, MA 02536 with 2,734 square feet, asking $1,400,000. It was built in 1970. It has been on our site since November 1, 2026.
The median asking price among the 11 other 5-bedroom single-family homes for sale in Falmouth is $2,250,000. This one asks about 38% less. At $512 a square foot, it compares with a median of $556 among the 123 other single-family homes for sale in Falmouth with a stated size.
At 2,734 square feet, it is smaller than 64% of the 11 other 5-bedroom single-family homes in Falmouth with a stated size.
This home is assessed at $816,800 for fiscal year 2022. It last sold for $293,500 in December 1997. The assessor lists a lot of 0.87 acres.
It scores 12 out of 100 for walkability, from how close everyday places are.
The closest bus stop is East Falmouth Dunkin Donuts (CCRTA route Sealine Hyannis-Falmouth/Woods Hole), about 0.9 miles away.
The closest public schools by level are East Falmouth Elementary (0.8 miles), Morse Pond School (2.1 miles) and Falmouth High (2.8 miles). The district decides which school serves an address.
Listing information from MLS Property Information Network (MLS PIN), MLS #73597428, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.
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