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$2,749,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 5 Full Baths
  • 2 Partial Baths
  • 6,899 Sq. Ft.
  • 0.71 Acres
  • 4 Car Garage
  • Updated 3 days ago
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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.

Full Property Details for 5 Elizabeth Way

General

  • Price: $2,749,000
  • Taxes: $26,733 (2026)
  • Status: Active
  • Type: Single Family
  • Source: MLSPin
  • MLS ID: 73582216
  • Updated: 9/24/2026
  • Added to Site: 3 day(s) ago

Interior

  • Number of Rooms: 13
  • Interior Features: Kitchen Island, Open Floorplan, Recessed Lighting, Bathroom - Full, Bathroom - Half, Kitchen, Living/Dining Rm Combo, Bathroom, Office, Central Vacuum, Wired for Sound
  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Appliances: Water Heater, Tankless Water Heater, Oven, Dishwasher, Microwave, Range, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Flooring: Tile, Carpet, Marble, Hardwood, Flooring - Hardwood, Flooring - Wall to Wall Carpet

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Main - Full Baths: 5
  • Main - 1/2 Baths: 2
  • Bathroom 1: Full Bathroom, Bathroom Double Vanity/Double Sink, Bathroom with Tub and Shower, Stained Glass Window(s, First
  • Bathroom 2: Full Bathroom, First
  • Bathroom 3: Bathroom - Full, Second

Bedrooms

  • Total Bedrooms: 5
  • Primary Bedroom: Yes, Main, First
  • Bedroom 2: Full Bathroom, Walk-In Closet(s), Custom-Built Closet/Cabinets, Hardwood Flooring, Recessed Lighting, Poc, Main, First
  • Bedroom 3: Walk-In Closet(s), Hardwood Flooring, Recessed Lighting, Second
  • Bedroom 4: Walk-In Closet(s), Hardwood Flooring, Balcony/Deck, Exterior Balcony, Recessed Lighting, Crown Molding, Second

Other Rooms

  • Living Room: Cathedral Ceiling(s), Hardwood Flooring, Open Floorplan, Recessed Lighting, First
  • Family Room: Hardwood Flooring, Wall-to-Wall Carpet, First
  • Kitchen: Hardwood Flooring, Dining Area, Pantry, Stone/Granite/Solid Countertops, Upgraded Countertops, Kitchen Island, Upgraded Cabinets, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Crown Molding, Main, First
  • Dining Room: Stone/Ceramic Tile Flooring, Open Floorplan, Lighting - Sconce, Lighting - Pendant, Crown Molding, Decorative Molding, Tray Ceiling(s), Main, First
  • Office: Flooring - Hardwood, Recessed Lighting, First
  • Laundry: Second Floor

Additional Information

  • Year Round: Yes

Exterior

  • Exterior Features: Porch, Patio, Professional Landscaping, Sprinkler System, Decorative Lighting, Gazebo
  • Color: Brick

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 12
  • Parking Features: Attached, Garage Faces Side, Paved Drive, Off Street, Driveway, Paved

Location

  • County: Essex
  • Driving Directions: Summer street to Elizabeth way

Heating & Cooling

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

Utilities

  • Sewer: Private Sewer
  • Water: Public

Structural Information

  • Architectural Style: Cape
  • Roof: Shingle
  • Square Feet: 6,899
  • Sq. Ft. Source: Measured
  • Year Built: 1997

Additional Structures

  • Other Structures: Gazebo

Lot Features

  • Lot Size (Acres): 0.71
  • Lot Dimensions: .71
  • Frontage: Public
  • Lot Features: Corner Lot, Level

Financial Considerations

  • Price Per Sq. Ft.: $398.46
  • Tax Amount: $26,733
  • Tax Year: 2026
  • Terms: Contract

Disclosures and Reports

  • Exclusions: Washer In Main House
  • Disclosures/Rstr.: Seller currently pays $100 bond for the inlaw. Can not be rented. Current septic is for a 5 bedroom. Some photos are virtually staged
  • Property ID: M:0034 B:0000 L:0462, 1981912
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 5 Elizabeth Way —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 5 Elizabeth Way

School District:Lynnfield School District
NameGradesDistance
Summer Street School
262 Summer Street, Lynnfield, MA 01940
K-40.2 mi
Lynnfield Middle School
505 Main Street, Lynnfield, MA 01940
5-80.5 mi
Lynnfield High School
275 Essex Street, Lynnfield, MA 01940
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5 Elizabeth Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/24/2026
Listed
$2,749,000
587.25%
MLS
7/22/2004
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
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 for 5 Elizabeth Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,427
10%
$2,313,200
10%
2024
$22,121
-1%
$2,104,800
6%
2023
$22,334
8%
$1,976,500
15%
2022
$20,598
1%
$1,717,900
12%
2021
$20,356
—
$1,534,000
5%
2020
$20,430
—
$1,467,700
—
2019
$20,416
1%
$1,467,700
—
2018
$20,196
—
$1,467,700
—
2017
$20,225
-2%
$1,467,700
3%
2016
$20,735
1%
$1,430,000
1%
2015
$20,466
11%
$1,412,400
13%
2014
$18,473
—
$1,250,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5 Elizabeth Way, Lynnfield, MA 01940 (MLS# 73582216) is a Single Family property with 5 bedrooms, 5 full bathrooms and 2 partial bathrooms. 5 Elizabeth Way is currently listed for $2,749,000 and was received on September 24, 2026. This property is listed by The RR&A Team from our Providence - Barrington Regional Office Office.Want to learn more about 5 Elizabeth Way? Do you have questions about finding other Single Family real estate for sale in Lynnfield? You can browse all Lynnfield real estate or contact a Coldwell Banker agent to request more information.

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