5 Elizabeth Way, Lynnfield, MA 01940
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$2,749,000
5 Beds
7 Baths
6899 SQFT
0.71 Acre
HOA: N/A

Property Description

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.

Property Details tap to expand

Kitchen, Dining, and Appliances

  • Cabinets - Upgraded, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Crown Molding, Dining Area, Flooring - Hardwood, Gas Stove, Kitchen Island, Open Floor Plan, Pantry, Recessed Lighting, Stainless Steel Appliances
  • Dishwasher, Dryer, Microwave, Range, Refrigerator, Wall Oven, Washer
  • Dining Room Features: Crown Molding, Decorative Molding, Flooring - Stone/Ceramic Tile, Lighting - Pendant, Lighting - Sconce, Open Floor Plan

Bathrooms

  • Full Baths: 5
  • Half Baths 2
  • Master Bath: 1
  • Bathroom 1 Level: First Floor
  • Bathroom 1 Features: Bathroom - Double Vanity/Sink, Bathroom - Full, Bathroom - With Tub & Shower, Steam / Sauna, Window(s) - Stained Glass
  • Bathroom 2 Level: First Floor
  • Bathroom 2 Features: Bathroom - Full
  • Bathroom 3 Level: Second Floor
  • Bathroom 3 Features: Bathroom - Full

Bedrooms

  • Bedrooms: 5
  • Master Bedroom Features: Bathroom - Full, Ceiling Fan(s), Closet - Double, Closet - Walk-in, Closet/Cabinets - Custom Built, Flooring - Hardwood, Gas Stove, Lighting - Pendant, Recessed Lighting
  • Master Bedroom Features: Bathroom - Full, Closet - Walk-in, Closet/Cabinets - Custom Built, Flooring - Hardwood, Pocket Door, Recessed Lighting
  • Bedroom 3 Level: Second Floor
  • Master Bedroom Features: Closet - Walk-in, Flooring - Hardwood, Recessed Lighting

Other Rooms

  • Total Rooms: 13
  • Living Room Level: First Floor
  • Living Room Features: Ceiling - Cathedral, Flooring - Hardwood, Open Floor Plan, Recessed Lighting
  • Family Room Level: First Floor
  • Family Room Features: Flooring - Hardwood, Flooring - Wall to Wall Carpet

Utilities

  • Heating: Forced Air, Gas
  • Hot Water: Other (See Remarks)
  • Cooling: Central Air
  • Water: City/Town Water
  • Sewer: Private Sewerage

Garage & Parking

  • Garage Parking: Attached, Side Entry
  • Garage Spaces: 4
  • Parking Features: Improved Driveway, Off-Street, Paved Driveway
  • Parking Spaces: 12

Interior Features

  • Square Feet: 6899
  • Fireplaces: 3
  • Interior Features: Central Vacuum
  • Accessability Features: Unknown

Construction

  • Year Built: 1997
  • Type: Detached
  • Style: Cape
  • Foundation Info: Poured Concrete
  • Roof Material: Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Marble, Tile, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Exterior & Lot

  • Lot Description: Corner, Level
  • Exterior Features: Decorative Lighting, Gazebo, Patio, Porch, Professional Landscaping, Sprinkler System
  • Road Type: Public

Other Information

  • MLS ID# 73582216
  • Last Updated: 09/28/26
  • HOA: No
  • Reqd Own Association: Unknown
  • Terms: Contract for Deed

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/28/2026Active$2,749,000$398MLSPIN
09/24/2026New$2,749,000$398MLSPIN

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Map

Seller's Representative: Ricardo Rodriguez & Associates Group, Coldwell Banker Realty - Boston
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-09-28 03:05:00