Key takeaways
- A real estate firm is expanding on Cape Cod by opening a new office in Osterville staffed by about 12 agents.
- Office will include agents moving from other Boston‑area brokerages and will operate alongside the company’s existing locations in Boston and Cohasset.
- The firm’s recent high‑value sales in the region include the $37 million sale last year on Martha’s Vineyard of President Obama’s one-time summer home.
Corcoran Property Advisors is enhancing its presence on Cape Cod, a summer vacation hotspot in Massachusetts.
The real estate company, an affiliate of The Corcoran Group, said Tuesday that it is opening an office in Osterville, one of seven villages in the town of Barnstable and a luxury summer home destination. About 12 agents will staff the office, including some who have been with Corcoran and others moving from different Boston-area real estate firms.
“Cape Cod has always been a key destination for our clients and a key market for our company,” Brian Dougherty, who founded Corcoran Property Advisors and will lead the new office, said in a statement. “Opening in Osterville allows us to deepen our commitment to clients who seek a brokerage that understands both the legacy and the luxury of Cape Cod.”
Several of the Osterville agents are moving from Berkshire Hathaway HomeServices Robert Paul Properties, which also has an office in the village. Dougherty himself is a former partner at Robert Paul Properties, a Corcoran spokesperson told Homes.com. John DePreaux, an Osterville resident and broker, will staff the new office.
Corcoran’s other Massachusetts offices are in Boston and Cohasset, a small town on the state’s South Shore. Some of the company’s Boston-based agents will also work out of the Cape Cod space, which the spokesperson noted reflects the strong relationship between the two locations.
One of the most notable properties Corcoran has sold in the past year was actually on Martha’s Vineyard, an island a bit under two hours by ferry from Hyannis, another Barnstable village. The property at 41 Cobbs Hill Road in Chilmark was the former summer vacation home of President Obama and his family. It sold last year for $37 million.
Osterville itself has had plenty of its own illustrious part-time or full-time residents, including Bill Koch, a member of a well-known industrialist family and one-time winner of the America’s Cup sailing race. He sold his Osterville house at 17 Indian Trail in December for $20 million.