40 Fay St #501, Boston, MA 02118 - Photo 1

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$689,000 Just Listed

For Sale
Active
Condo
1 Full Bath
772 Sq. Ft.
Updated 17 hours ago

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Property Description

Rarely available luxury loft studio in the heart of SoWa, offering 10' ceilings, polished concrete floors, and an abundance of natural light from two walls of windows showcasing stunning Back Bay skyline views! This 5th floor corner home features a generously sized open-concept layout with a designer kitchen appointed with Bosch & Paykel stainless steel appliances, granite counter tops, gas cooking, and an island ideal for entertaining, along with central heat and AC and in-unit laundry. Gateway Terrace is an elevator building with a common courtyard featuring outdoor lounge seating and a gas grill, ideally located moments from SoWa Open Markets, Ink Block dining and fitness, and Whole Foods!

Full Property Details

Full Property Details for 40 Fay St #501

General

Price: $689,000
HOA FEE: $692/month
Taxes: $8,430 (2026)
Status: Active
Type: Condo
Source: MLSPin
MLS ID: 73467867
Updated: 1/17/2026
Added to Site: 4 day(s) ago

Interior

Number of Rooms: 3

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1
Main - Full Baths: 1

Location

Area: South End
County: Suffolk
Complex: Gateway Terrace
Building Name: Gateway Terrace
Driving Directions: Corner of Harrison Ave & Fay St

Community

Assoc. Fees Include: Hot Water, Elevator(s), Garden Area

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Heating Fuel: Forced Air, Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Basement: Yes
Basement Desc.: N
Stories/Levels: 1
Square Feet: 772
Sq. Ft. Source: Public Records
Year Built: 2006

Water Features

Water Front Desc.: 1 to 2 Mile To Beach

Financial Considerations

Price Per Sq. Ft.: $892.49
Association Fee: $692
Assoc Fee Freq.: Monthly
Tax Amount: $8,430
Tax Year: 2026

Disclosures and Reports

Disclosures/Rstr.: 2% of purchase price is due to the BRA each time unit is sold. The property is currently rented - tenant in place thru Feb 28th, 2026
Property ID: 4921632

Buyer's Brokerage Compensation: Contact Listing Agent

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— 40 Fay St #501 —

Ben Haywood

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(617) 733-6684 mobile

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Schools

Schools serving 40 Fay St #501

School District:Boston School District

Name	Grades	Distance
Josiah Quincy Elementary School 885 Washington Street, Boston, MA 02111	PK-5	0.3 mi
Blackstone Elementary School 380 Shawmut Avenue, Boston, MA 02118	PK-5	0.4 mi
William Mckinley 90 Warren Avenue, Boston, MA 02116	K-12	0.5 mi
Quincy Upper School 152 Arlington Street, Boston, MA 02116	6-12	0.4 mi
Carter School 270 Columbia Road, Boston, MA 02121	6-12	1 mi
Dearborn Middle School 36 Winthrop St, Boston, MA 02119	6-12	1.4 mi
Boston Adult Academy 20 Church St, Boston, MA 02116	9-12	0.4 mi
Snowden Int'L High School 150 Newbury Street, Boston, MA 02116	9-12	0.8 mi
Excel High School 95 G. Street, Boston, MA 02127	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 Fay St #501 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/13/2026

Listed

$689,000

21.95%

MLS

8/30/2016

Sold

$565,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 40 Fay St #501

Year

Property Taxes

Change

Tax Assessment

Change

2025

$7,806

$674,100

2024

$7,175

$658,300

2023

$6,928

—

$645,100

2022

$6,951

$638,900

2021

$6,683

15%

$626,300

14%

2020

$5,826

$551,700

2019

$5,644

-3%

$535,500

-4%

2018

$5,845

—

$557,700

2017

$5,837

—

$551,200

2016

$5,830

$530,000

13%

2015

$5,675

$468,600

10%

2014

$5,349

—

$425,200

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 40 Fay St #501

40 Fay St #501, Boston, MA 02118 (MLS# 73467867) is a Condo property with 0 bedrooms and 1 full bathroom. 40 Fay St #501 is currently listed for $689,000 and was received on January 13, 2026. This property is listed by Ben Haywood from our Boston-Back Bay Office.Want to learn more about 40 Fay St #501? Do you have questions about finding other Condo real estate for sale in Boston? You can browse all Boston real estate or contact a Coldwell Banker agent to request more information.

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40 Fay St #501 Boston, MA 02118