Active
2 Days on market
5 Elizabeth Way Lynnfield — Photo 1 of 42

5 Elizabeth Way Lynnfield — Photo 1 of 42

$2,749,000

5 Elizabeth Way, Lynnfield, MA 01940

Lynnfield, MA 01940

Beds

5

Baths

6

SqFt

6,899

Style

Single Family

Built

1997

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$398/sqft
Local Avg (Lynnfield)$425/sqft
6% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Lynnfield, MA.

Property Details

Financials

Original Price$2,749,000
Annual Taxes$26,733

Parking

Garage4
Off-Street12

Interior Specifications

Total Rooms13
Fireplaces3
FlooringTile, Carpet, Marble, Hardwood, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementNone

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningRB

Property & Lot

Acres0.71
SqFt Lot30,871
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Water Heater • Tankless Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer • Stainless Steel Appliance(s)

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3Bedroom 4Bedroom 5Bathroom 3
First
Living RoomOfficeFamily RoomBathroom 1Bathroom 2
Main,First
Dining RoomKitchenPrimary BedroomBedroom 2
Living Room
Lvl First

Cathedral Ceiling(s), Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl Main,First

Flooring - Stone/Ceramic Tile, Open Floorplan, Lighting - Sconce, Lighting - Pendant, Crown Molding, Decorative Molding, Tray Ceiling(s)

Kitchen
Lvl Main,First

Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Crown Molding

Office
Lvl First

Flooring - Hardwood, Recessed Lighting

Family Room
Lvl First

Flooring - Hardwood, Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl Main,First

Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Gas Stove, Lighting - Pendant, Closet - Double, Tray Ceiling(s)

Bedroom 2
Lvl Main,First
Bedroom 3
Lvl Second

Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 4
Lvl Second

Walk-In Closet(s), Flooring - Hardwood, Balcony / Deck, Balcony - Exterior, Recessed Lighting, Crown Molding

Bedroom 5
Lvl Second

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Window(s) - Stained Glass, Steam / Sauna

Bathroom 2
Lvl First

Bathroom - Full

Bathroom 3
Lvl Second

Bathroom - Full

Population

13,285

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

Median Household Income

$173K

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

Renter-Occupied Homes

12.3%

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

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 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 6,899 sq ft principal dwelling). Lot size: 30,871 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: Ricardo Rodriguez & Associates Group

Listing Office: Coldwell Banker Realty - Boston

MLS® Number: 73582216

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