
28 Pineswamp Rd Ipswich — Photo 1 of 41
$3,299,900
Investment Analysis — 28 Pineswamp Rd
Ipswich, MA 01938
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 7-bedroom in 01938 carries an estimated $3,390/mo in gross rent — about a 0.36% cap rate and $11,801/yr in estimated NOI at the $3,299,900 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
7
SqFt
7,890
Style
Single Family
Built
1963
Privately sited on four magnificent acres, this extraordinary estate presents a rare combination of architectural distinction, impressive scale, and refined luxury. The residence artfully blends the timeless elegance of Greek Revival design with authentic Dutch Colonial character, creating a home of remarkable presence and enduring appeal. At its heart, a breathtaking two-story great room commands attention with a soaring stone fireplace and dramatic proportions, flowing effortlessly into an elegant bar and sunroom designed for memorable entertaining. The newly reimagined chef’s kitchen pairs sophisticated design with premium appliances, while beautifully appointed formal living and dining rooms showcase rich hardwood floors, intricate crown moldings, and exceptional craftsmanship throughout. A sun-filled screened porch captures coveted southern exposure, offering an idyllic setting for relaxed afternoons and intimate gatherings. Beyond, a private study overlooks the resort-inspired pool and year-round guest house, creating a serene connection between the home’s gracious interiors and its beautifully landscaped grounds. The upper level is anchored by an exceptional primary retreat featuring a bespoke spa-inspired bath and expansive dressing room, accompanied by additional bedrooms and a private guest suite. The finished lower level provides generous recreation and guest accommodations, while a separate two-bedroom in-law residence with a fire-placed living room offers exceptional versatility and privacy. Outside, mature specimen landscaping, handsome stonework, a charming gazebo, and thoughtfully designed grounds create a picturesque estate setting. New irrigation, a whole-home generator, and an extraordinary seven garage bays further distinguish this singular property—an exceptional offering created for sophisticated living, grand-scale entertaining, and an unparalleled sense of retreat.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 7,890 sq ft principal dwelling). Lot size: 182,952 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range Hood • Rangetop - ENERGY STAR • Oven • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 21
Flooring - Hardwood, Wainscoting, Crown Molding, Decorative Molding
Dining Room
Lvl First14 x 13.5
Flooring - Hardwood, Wainscoting, Crown Molding
Kitchen
Lvl First15 x 20
Closet/Cabinets - Custom Built, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Recessed Lighting, Remodeled, Stainless Steel Appliances
Office
Lvl First14.5 x 15.5
Flooring - Hardwood, Slider
Family Room
Lvl First26 x 16
Ceiling Fan(s), Beamed Ceilings, Flooring - Stone/Ceramic Tile, Wet Bar, Slider
Master Bedroom
Lvl Second14 x 22
Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second15 x 20
Bedroom 3
Lvl Second12 x 16
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second12 x 13
Closet, Flooring - Hardwood
Bedroom 5
Lvl Basement13.5 x 10.5
Closet
Bathroom 1
Lvl Second16.5 x 10
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting, Soaking Tub
Bathroom 2
Lvl Second10.5 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity
Bathroom 3
Lvl Second5.5 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Property History
$3,299,900
Sep 9, 2026
MLS® 73574294
$3,698,000
Aug 26, 2026
MLS® 73524603
$3,698,000
May 27, 2026
MLS® 73524603
Listing Agent: Kevin Fruh
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73574294