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Bean Group
Offered at $6,200,000Under Contract
beds
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baths
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sq ft
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Built
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34 Central St

Newbury, MA 01922

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

  1. New

    $1,075,000 · Aug 3, 2026

  2. New

    $950,000 · Apr 24, 2026

  3. Ter

    $1,075,000 · Apr 24, 2026

  4. New

    $900,000 · Apr 23, 2026

  5. New

    $825,000 · Apr 23, 2026

  6. New

    $875,000 · Apr 22, 2026

  7. 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.

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Photo-based condition insights

Overall presentation: excellent

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About 34 Central St

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Request a tour of 34 Central St and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.