Sold Jul 31, 2026
$1,200,000About this home
This exceptional residence (Unit 2302) just became available, offering the very best direct water views on the market at RIVERWALK. Situated closest to the waterfront, Unit 2302 offers superior views from every room, while a private balcony captures sweeping river and city vistas. The bright open-concept layout, soaring ceilings, and south-facing oversized windows are sure to impress the most discerning buyers. This newer-construction (2025) residence offers two primary suites, two full baths, and a separate home office. The chef’s kitchen features a beautiful center island clad in stone, Bosch stainless steel appliances, including a state-of-the-art induction range, custom cabinetry, stone countertops, and a matching stone backsplash. The primary suite features a walk-in closet and spa-like bath with heated floors, heated towel rack, double vanity, seamless glass shower, and smart bidet. Unit 2302 also comes with two deeded parking spaces, including one heated garage space, plus a private storage room—valuable upgrades purchased separately by the current owner. Elevator service adds convenience, while common amenities include a clubroom lounge and fitness center, both currently under construction, plus a riverside outdoor kitchen and patio area. Leave your car at home—downtown Salem’s restaurants, shops, museums, and commuter rail to Boston are all just minutes away. This is a must-see residence at Salem’s premier waterfront condominium community. Easy to show!
Listing last checked: Listing updated:
Listed by Mark M. Wade · Coldwell Banker Realty - Marblehead · MLS #73586241
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Details at a glance
Interior5 property facts
- Rooms
- 6
- Heating
- Heat Pump, Unit Control
- Cooling
- Heat Pump, Unit Control
- Flooring
- Wood, Tile
- Basement
- No
Building5 property facts
- Style
- Condominium
- Year built
- 2025
- Garage
- 1
- Parking
- 2
- Roof
- Rubber
Land & utilities5 property facts
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
- Pool
- Not reported
- Zoning
- N River CC
Financial3 property facts
- Annual taxes
- $10,947
- Assessment year
- 2026
- HOA fee
- $724 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $1,199,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,975 / monthAdjust
- Principal & interest
- $6,063
- Property tax
- $912
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $10,947. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $724. The billing period was not supplied; confirm the monthly amount before adding it.
Partial estimate: add 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
- Ter
$1,200,000 · Jun 23, 2026
More property insights
Automated value estimate $1,203,381
Estimated range $1,141,932–$1,264,831.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisComparable properties 1 supplied
Photo-based condition insights
Overall presentation: excellent
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About 16 Franklin Street #2302
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