
68 W Hill Ave Melrose — Photo 1 of 42
$2,700,000
Investment Analysis — 68 W Hill Ave
Melrose, MA 02176 — Highlands
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 0.30% cap rate and $8,163/yr in estimated NOI at the $2,700,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5.5
SqFt
8,530
Style
Single Family
Built
2010
A truly exceptional residence unlike anything else in Melrose. Privately tucked away in one of the city’s most desirable settings, 68 W Hill Ave is an extraordinary custom-built estate offering over 8,500 square feet of meticulously designed living space. Built in 2010, this remarkable home showcases an exceptional level of craftsmanship, architectural detail, luxury finishes, and resort-inspired amenities rarely found in one property. From the moment of arrival, the quality and scale are unmistakable. Impressive stonework, custom millwork, soaring ceilings, refined architectural details, and an abundance of natural light create an atmosphere that is both grand and inviting. The spectacular gourmet kitchen is designed to be the heart of the home, featuring high-end appliances, an exceptional butler’s pantry and a dedicated pizza oven-ideal for everything from intimate family meals to sophisticated entertaining. The elegant living room is anchored by a stately fireplace, while beautifully detailed coffered ceilings and custom finishes add character and distinction throughout. The home offers five generously proportioned bedrooms designed with comfort and privacy in mind. A versatile bonus room provides additional space for a private home office, playroom, studio, or craft room.The expansive lower level takes the entertainment and lifestyle experience to another level, featuring hardwood floors, a custom-built bar, home gym, and full bath with a steam shower. Whether hosting guests, enjoying movie night, pursuing wellness, or simply unwinding, this exceptional space offers endless possibilities. Beyond the interiors, a spectacular private outdoor retreat awaits. The beautifully appointed grounds feature a heated saltwater pool, outdoor kitchen, dedicated dining area, spacious patio, welcoming porch, and fire pit-creating an extraordinary setting for entertaining, relaxing, and enjoying every season. The combination of privacy, thoughtful landscaping, and resort-style amenities creates a truly exceptional outdoor living experience. The location further enhances the appeal, with convenient access to the Melrose Highlands commuter rail, schools, and the scenic trails of the Middlesex Fells Reservation.68 W Hill Ave is more than a luxury home-it is a distinctive lifestyle property thoughtfully designed for exceptional living and entertaining. With its extraordinary scale, craftsmanship, privacy, and resort-style amenities, this is a rare opportunity in Melrose.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 8,530 sq ft principal dwelling). Lot size: 30,916 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Oven • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer • Range Hood • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First26 x 19
Coffered Ceiling(s), Flooring - Hardwood, French Doors, Recessed Lighting, Decorative Molding
Dining Room
Lvl First19 x 11
Wood / Coal / Pellet Stove, Flooring - Stone/Ceramic Tile, Recessed Lighting, Decorative Molding
Kitchen
Lvl First19 x 19
Flooring - Stone/Ceramic Tile, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Second Dishwasher, Pot Filler Faucet, Wine Chiller, Lighting - Pendant, Lighting - Overhead
Primary Bedroom
Lvl First16 x 13
Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Dressing Room, Recessed Lighting, Lighting - Sconce, Crown Molding
Bedroom 2
Lvl First12 x 11
Bedroom 3
Lvl Second20 x 11
Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 4
Lvl Second16 x 13
Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 5
Lvl Second13 x 12
Closet/Cabinets - Custom Built, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom 2
Lvl FirstBathroom 3
Lvl FirstListing Agent: Karen Regan
Listing Office: Lyv Realty
MLS® Number: 73582761

