About this home
Rare opportunity to acquire an approved 44-unit luxury townhouse development in desirable Newbury, Massachusetts. The project has received approval from all applicable Town Boards, providing a significant head start for development. Set on approximately ten acres, the thoughtfully designed community will occupy only about five acres, preserving approximately five acres of open space and creating a spacious, natural setting for residents. The development offers the opportunity to create a distinctive luxury townhouse community that blends high-quality living with Newbury’s desirable location, character, and convenient access to area amenities, major roadways, historic Newburyport, and the North Shore. This collection of luxury townhomes will offer one-, two-, and three-bedroom layouts designed to feel both spacious and refined. Inside, you’ll find high-end finishes and thoughtful architectural details inspired by the timeless elegance of the classic New England farmhouse. Seven (7) unit reservations have already been taken - price range from $875K to $1.075M. Planning Board Approval, Order of Conditions, Engineering Plans, Floor Plans, and Condo docs all in Paperclip. An exceptional opportunity for developers, builders, and investors seeking an approved residential project in a highly sought-after Massachusetts community.
Listing last checked: Listing updated:
Listed by Christine Welch · William Raveis R.E. & Home Services · MLS #73588862
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building1 property facts
- Style
- Residential
Land & utilities5 property facts
- Lot size
- 10 acres
- Water
- Public
- Sewer
- Private Sewer, Perc Test On File
- Pool
- Not reported
- Zoning
- R60
Financial1 property facts
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $6,200,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$31,351 / monthAdjust
- Principal & interest
- $31,351
- Property tax
- Not entered
- Insurance
- Not entered
- HOA
- Not entered
Annual property taxes were not supplied. HOA amount was not supplied.
Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- New
$1,075,000 · Aug 3, 2026
- New
$950,000 · Apr 24, 2026
- Ter
$1,075,000 · Apr 24, 2026
- New
$900,000 · Apr 23, 2026
- New
$825,000 · Apr 23, 2026
- New
$875,000 · Apr 22, 2026
- Sc
$1,039,000 · Oct 7, 2023
More property insights
Automated value estimate $5,111,577
Estimated range $4,374,699–$5,848,455.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: excellent
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About 34 Central St
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