283 Melrose Street, Newton, MA 02466

Newton
Local realty services provided by:ERA Hart Sargis-Breen Real Estate
283 Melrose Street,Newton, MA 02466
$14,995,000
  • 1.01 Acres
  • Lots / Land
  • Active
Listed by: ward shifman
Office: coldwell banker realty - newton
MLS#:73487468
Source:MLSPIN

Price summary

  • Price:$14,995,000

About this home

**Rare By-Right Opportunity** - Set in the heart of Auburndale Village, this site offers approximately 43,783 ± sq ft of VC2-zoned land steps to village shops and a short distance to the Commuter Rail. The newly created VC2 district is designed to encourage housing and mixed-use density in Newton’s village centers - making this one of the rare, well-located sites positioned to capitalize on that vision. The property presents multiple paths for value creation, including the potential to sub-divide the lot and pursue multiple buildings up to 3.5 stories with tight setbacks. With two existing condemned structures on site, the offering is being marketed as land for redevelopment. This is a unique opportunity to deliver much-needed residential or mixed-use product in a walkable, transit-served location - an ideal canvas for modern village-center living. Renderings for marketing purposes only; no representations are made. Inquire with agent regarding Solar Panel lease buyout.

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Home facts

  • Listing ID #:73487468
  • Updated:March 28, 2026 at 09:01 PM

Structure and exterior

  • Lot area:1.01 Acres
  • Lot Features:Cleared, Level, Storm Drains

Schools

  • High school:South
  • Middle school:Brown
  • Elementary school:Williams

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$14,995,000
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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