Active
2 Days on market
514 Water St Wakefield — Photo 1 of 42

514 Water St Wakefield — Photo 1 of 42

$2,375,000

514 Water St, Wakefield, MA 01880

Wakefield, MA 01880

Investor Analysis

Beds

4

Baths

5

SqFt

6,211

Style

Single Family

Built

2024

Architecturally striking new construction defined by bold design, meticulous craftsmanship and a sophisticated modern aesthetic. This 4 bedroom, 4.5 bath home pairs dramatic architectural moments with exceptional attention to detail, including custom millwork and thoughtfully integrated accent lighting throughout. A two story foyer makes an immediate impression with a floating staircase and floor to ceiling windows. The matte black kitchen makes a bold statement with induction cooking, a substantial center island, wall oven, microwave drawer, chrome hardware, toe kick and under cabinet lighting, and a dramatic illuminated tray ceiling. Multi slide pocket doors disappear into the walls, completely opening the interior to a covered outdoor living space with TV and a grilling station equipped with a Green Egg smoker and sink. Beyond, an expansive landscaped lawn extends to a wooded backdrop, creating a private setting. Open living and dining areas extend to a sundrenched family room, while a front office and thoughtfully designed mudroom with direct access to the attached three car garage add function to the layout. Upstairs, 9 foot ceilings continue through four bedrooms, including an impressive primary suite with oversized picture windows, an expansive walk in closet and an ensuite bath featuring a double vanity, soaking tub and oversized dual shower. A secondary bedroom with ensuite bath opens directly to the wraparound roof deck The finished lower level offers an expansive family room with an 8 foot illuminated tray ceiling, built in beverage center and layered accent lighting. A dedicated home gym with turf provides a separate fitness space, while a framed in law suite offers the potential for a kitchen, bedroom and bath with private egress. Endless off street parking. Ideally located less than a mile from both Woodville School and Wakefield Memorial High School, with easy access to Breakheart Reservation, MarketStreet Lynnfield and major routes.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$382/sqft
Local Avg (Wakefield)$421/sqft
9% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Wakefield, MA.

Property Details

Financials

Original Price$2,375,000
Annual Taxes$12,049

Parking

Garage3
Off-Street11

Interior Specifications

Total Rooms12
Fireplaces1
FlooringTile, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Vinyl
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Garage Access, Bulkhead, Concrete

Climate & Utilities

HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRES

Property & Lot

Acres1.07
SqFt Lot46,688
Lot FeaturesLevel

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Shopping • Highway Access • House of Worship • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenOfficeFamily RoomBathroom 1
Living Room
Lvl First

19.583333333 x 20.416666666

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

17.416666666 x 15.25

Flooring - Hardwood, Recessed Lighting, Lighting - Pendant

Kitchen
Lvl First

23.583333333 x 19.166666666

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Lighting - Pendant

Office
Lvl First

10.666666666 x 10.416666666

Flooring - Hardwood

Family Room
Lvl First

21.5 x 11.583333333

Flooring - Hardwood, Recessed Lighting

Primary Bedroom
Lvl Second

23.25 x 16.166666666

Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Lighting - Sconce

Bedroom 2
Lvl Second

12.916666666 x 12.583333333

Bedroom 3
Lvl Second

10.083333333 x 14.833333333

Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 4
Lvl Second

19.25 x 26.583333333

Closet, Flooring - Hardwood, Flooring - Wood, Deck - Exterior

Bathroom 1
Lvl First

6.25 x 8.833333333

Bathroom 2
Lvl Second

10.666666666 x 18.333333333

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Bathroom - With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

10.916666666 x 7.166666666

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Population

27,793

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$134K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

29.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

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 6,211 sq ft principal dwelling). Lot size: 46,688 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.

Listing Provided By

Listing Agent: The Synergy Group

Listing Office: The Synergy Group

MLS® Number: 73579513

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