Active
2 Days on market
68 W Hill Ave Melrose — Photo 1 of 42

68 W Hill Ave Melrose — Photo 1 of 42

$2,700,000

Investment Analysis — 68 W Hill Ave

Melrose, MA 02176 — Highlands

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02176 carries an estimated $3,730/mo in gross rent — about a 0.30% cap rate and $8,163/yr in estimated NOI at the $2,700,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

5.5

SqFt

8,530

Style

Single Family

Built

2010

A truly exceptional residence unlike anything else in Melrose. Privately tucked away in one of the city’s most desirable settings, 68 W Hill Ave is an extraordinary custom-built estate offering over 8,500 square feet of meticulously designed living space. Built in 2010, this remarkable home showcases an exceptional level of craftsmanship, architectural detail, luxury finishes, and resort-inspired amenities rarely found in one property. From the moment of arrival, the quality and scale are unmistakable. Impressive stonework, custom millwork, soaring ceilings, refined architectural details, and an abundance of natural light create an atmosphere that is both grand and inviting. The spectacular gourmet kitchen is designed to be the heart of the home, featuring high-end appliances, an exceptional butler’s pantry and a dedicated pizza oven-ideal for everything from intimate family meals to sophisticated entertaining. The elegant living room is anchored by a stately fireplace, while beautifully detailed coffered ceilings and custom finishes add character and distinction throughout. The home offers five generously proportioned bedrooms designed with comfort and privacy in mind. A versatile bonus room provides additional space for a private home office, playroom, studio, or craft room.The expansive lower level takes the entertainment and lifestyle experience to another level, featuring hardwood floors, a custom-built bar, home gym, and full bath with a steam shower. Whether hosting guests, enjoying movie night, pursuing wellness, or simply unwinding, this exceptional space offers endless possibilities. Beyond the interiors, a spectacular private outdoor retreat awaits. The beautifully appointed grounds feature a heated saltwater pool, outdoor kitchen, dedicated dining area, spacious patio, welcoming porch, and fire pit-creating an extraordinary setting for entertaining, relaxing, and enjoying every season. The combination of privacy, thoughtful landscaping, and resort-style amenities creates a truly exceptional outdoor living experience. The location further enhances the appeal, with convenient access to the Melrose Highlands commuter rail, schools, and the scenic trails of the Middlesex Fells Reservation.68 W Hill Ave is more than a luxury home-it is a distinctive lifestyle property thoughtfully designed for exceptional living and entertaining. With its extraordinary scale, craftsmanship, privacy, and resort-style amenities, this is a rare opportunity in Melrose.

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 8,530 sq ft principal dwelling). Lot size: 30,916 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

Original Price$2,700,000
Annual Taxes$25,855

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms12
Fireplaces2
FlooringFlooring - Stone/Ceramic Tile, Flooring - Hardwood
BasementFull, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingRadiant, Natural Gas, Fireplace
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningURA/Single

Property & Lot

Acres0.71
SqFt Lot30,916
Lot FeaturesOther

Amenities & Appliances

Gas Water Heater • Range • Oven • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer • Range Hood • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3Bedroom 4Bedroom 5
First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1Bathroom 2Bathroom 3
Living Room
Lvl First

26 x 19

Coffered Ceiling(s), Flooring - Hardwood, French Doors, Recessed Lighting, Decorative Molding

Dining Room
Lvl First

19 x 11

Wood / Coal / Pellet Stove, Flooring - Stone/Ceramic Tile, Recessed Lighting, Decorative Molding

Kitchen
Lvl First

19 x 19

Flooring - Stone/Ceramic Tile, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Second Dishwasher, Pot Filler Faucet, Wine Chiller, Lighting - Pendant, Lighting - Overhead

Primary Bedroom
Lvl First

16 x 13

Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Dressing Room, Recessed Lighting, Lighting - Sconce, Crown Molding

Bedroom 2
Lvl First

12 x 11

Bedroom 3
Lvl Second

20 x 11

Closet/Cabinets - Custom Built, Flooring - Hardwood

Bedroom 4
Lvl Second

16 x 13

Closet/Cabinets - Custom Built, Flooring - Hardwood

Bedroom 5
Lvl Second

13 x 12

Closet/Cabinets - Custom Built, Flooring - Hardwood

Bathroom 1
Lvl First
Bathroom 2
Lvl First
Bathroom 3
Lvl First
Listing Provided By

Listing Agent: Karen Regan

Listing Office: Lyv Realty

MLS® Number: 73582761