Single Family Residence at 514 Water St, Wakefield MA 01880
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$2,375,000

514 Water St, Wakefield MA 01880
Wakefield, MA 01880
Listed by The Synergy Group
Bedrooms
4
Bathrooms
5
Living area
6,211 sqft
Year built
2024

About this home

Architecturally striking new construction defined by bold design, meticulous craftsmanship and a sophisticated modern aesthetic. This 4 bedroom, 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, black 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.

Highlights

Fireplace

Property details

MLS
MLS Property Information Network
MLS #
73579513
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
33
On market date
September 18, 2026
Stories
N/A
Total bathrooms
5
Garage spaces
3
Parking spaces
11
Lot size
1.07 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Woodville School
0.33 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
423
Student:teacher ratio
12.4:1
District
Wakefield
Middle
Galvin Middle School
1.37 mi away · Grades 5-8
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
1,061
Student:teacher ratio
11.9:1
District
Wakefield
High
Northeast Metro Regional Vocational
0.28 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
1,307
Student:teacher ratio
11.9:1
District
Northeast Metropolitan Regional Vocational Technical

Walkability

Blended score for Wakefield's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

60
Somewhat walkable
out of 100
EPA National Walkability Index
7.8 / 20 -- Below average walkable
Google Places amenity density
90 / 100
Restaurants & cafes20
Grocery stores8
Parks4
Schools7
Transit stops0
Pharmacies3

Market position

How this listing compares to current activity in Wakefield, from live MLS data.

On the market 33 days -- 42 fewer days than Wakefield's current average of 75 days.
For reference, the median list price across 173 active listings in Wakefield right now is $639,999.

Mortgage calculator

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Est. monthly payment
$14,453/mo
$475,000 down
$1,900,000 loan
Principal & interest$12,323
Property tax (est.)$1,979
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days 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.