Single Family Residence at 5 Elizabeth Way, Lynnfield MA 01940, Lynnfield
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$2,749,000

5 Elizabeth Way, Lynnfield MA 01940
Lynnfield, MA 01940
Listed by Ricardo Rodriguez & Associates Group
Bedrooms
5
Bathrooms
6
Living area
6,899 sqft
Year built
1997

About this home

A rare opportunity for true multigenerational living on one of Lynnfield’s most desirable streets. This expansive extended Cape offers two distinct yet connected living spaces, including a full legal in-law, creating exceptional flexibility and privacy for multiple generations under one roof. The main residence is filled with natural light from oversized windows and features an eat-in kitchen, formal dining room, spacious family room with floor-to-ceiling stone fireplace and dedicated office. The private first-floor primary suite is a retreat of its own, complete with a fireplace and sitting area, two oversized walk-in closets and a spacious en-suite bath with soaking tub, glass-enclosed steam shower, dual sinks and an expansive vanity with dedicated makeup area. Additional en-suite bedroom with walk-in closet outside primary great for young kids/nursery. Upstairs, an additional en-suite bedroom with walk-in closet is joined by a large loft perfect for a playroom, media room or additional lounge. An additional bedroom and bonus room are connected by a Jack-and-Jill bath. Two unfinished attic spaces and a large unfinished basement provide exceptional storage and future potential. The legal in-law offers its own open-concept kitchen, dining and living areas, plus another impressive primary suite with private bath, large walk-in closet and dedicated office. Surrounded by mature landscaping, 5 Elizabeth Way offers a unique combination of space, privacy and versatility allowing generations to live together while maintaining independent living spaces in a sought-after Lynnfield setting. Ideally situated in a sought-after Lynnfield neighborhood, the home offers convenient access to local schools, MarketStreet Lynnfield’s shopping, dining, Whole Foods Market, fitness and entertainment, as well as nearby recreation and outdoor spaces. Easy access to I-95/Route 128 and Route 1 provides connectivity to Boston and destinations throughout the North Shore. A truly unique opportunity to combine multigenerational living, everyday convenience and an exceptional amount of flexible space in one remarkable property.

Highlights

Fireplace

Property details

MLS #
73582216
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
1
On market date
September 24, 2026
Stories
N/A
Total bathrooms
6
Garage spaces
4
Parking spaces
12
Lot size
0.71 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Summer Street
0.21 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
433
Student:teacher ratio
14.4:1
District
Lynnfield
Middle
Lynnfield Middle School
0.54 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
693
Student:teacher ratio
15.1:1
District
Lynnfield
High
Lynnfield High
0.7 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
564
Student:teacher ratio
12.0:1
District
Lynnfield

Walkability

Blended score for Lynnfield's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

64
Walkable
out of 100
EPA National Walkability Index
9.2 / 20 -- Below average walkable
Nearby-amenity density
90 / 100
Restaurants & cafes20
Grocery stores5
Parks5
Schools8
Transit stops0
Pharmacies3

Mortgage calculator

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Est. monthly payment
$16,705/mo
$549,800 down
$2,199,200 loan
Principal & interest$14,264
Property tax (est.)$2,291
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 23 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.