Luxury in the Suburbs: What $3 Million Can Buy – | NutSocia


An elegant condo, a modern farmhouse, a wooded retreat and a historic oceanfront retreat, all within commuting distance to the city

This newly constructed Concord mansion has four bedrooms, 5.5 baths and is priced at $3,175,000. (Madore Photography)

“Now more than ever, people want to love where they live,” says Gretchen Berg, a broker at J Barrett & Company on the North Shore. For New Englanders, that often means living on the water. While the pandemic-induced rush to the suburbs has stabilized, the ability to work from anywhere is more mainstream.

“There’s still a limited supply of oceanfront homes, even at prices of three million and up,” Berg said.

Wendy Oleksiak from Gibson Sotheby’s International Realty also speaks about this.

“The majority of luxury buyers are interested in properties with water views,” Oleksiak said.

Swimming pools are also high on the list. Most of these buyers, she added, are young working families who have domestic help and a hybrid work-from-home lifestyle.

Meanwhile, developers in Metro West continue to build big, which keeps prices high.

“The third floor and basement are the least expensive to complete and therefore the most profitable,” said Samantha Eisenberg, a Compass agent. The result: New homes ranging in size from 5,200 to 5,500 square feet and often exceeding $3 million.

“Three million isn’t going to buy you a new building at Newton Center,” Eisenberg said. Consider an older, renovated home instead. Go further afield for a new build.

“There’s a lot going on at the Mid-Twos (and up) in Needham,” she said.

Here’s what you can buy in the Greater Boston suburbs for around $3 million:

41 McCallar Lane, Concord

Madore photography
Madore photography
Madore photography


Construction year 2022

square footage 5,400

bedroom 4

bath 5 full, 1 half

Steer $35,000 (estimated)

fee $382

This new construction on a cul-de-sac within walking distance to the Concord Center would make Chip and Joanna Gaines proud. The hallmarks of modern farmhouse style are all here, from the contrasting palette of rustic wooden beams to shiplap-lined vaulted ceilings and black window frames inside and out. The kitchen, butler’s pantry, and wine center in the open-plan living area are both family-friendly and entertaining, while extras like a homework desk and finished basement with a mirrored gym add to the appeal. The house sits on nearly half an acre of land.

listing agent Chris Ridick, Ridick Revis Group at Compass, 97 Lowell Road, Concord, 617-593-3492,


228 Surplus St, Duxbury

Dan Rapoza
Dan Rapoza
Dan Rapoza
Dan Rapoza
Dan Rapoza


Construction year 1982

square footage 4.226

bedroom 3

bath 2 full, 2 half

Steer $17,930 (2022)

Last sold for $31,000 in 1979

This charming home blends indoors and outdoors, and not just because it’s nestled among the trees on 6 acres of woodland. Natural materials abound throughout: exposed beams accent the cathedral ceiling in the living room, which features French doors to the lawn; the family room has a floor to ceiling fieldstone fireplace facing a wall of windows; the kitchen overlooks a two-story conservatory; and the primary bath with tub and shower has skylights. Outside there is a pool, spa and fairytale fieldstone pool house.

listing agent Marcy Richardson, William Raveis RE & Home Services, 53 Railroad Ave., Duxbury, 617-513-2242,

open house Sunday, January 29, from 12 p.m. to 4 p.m


100 Linden St., Penthouse Residence 303, Wellesley

Embarkation + Tangram (Reproduction)
Embarc + Tangram (Rendering)
Embarc + Tangram (Rendering)
Embarc + Tangram (Rendering)
Embarc + Tangram (Rendering)


Construction year 2023

square footage 2,078

bedroom 2

bath 2 full, 1 half

Steer to be determined

fee $1,700 (estimated)

You don’t need the headache of a single family home, but city life isn’t for you. Terrazza, a new condominium building in the heart of Wellesley, exudes urban sophistication and is jam-packed with amenities, including a boutique-hotel-style courtyard for socializing. This two bedroom with two garage spaces also has a den with a skylight and an additional room next to the walk in closet. In the living area, a wooden island contrasts with elegant kitchen cabinets, while large windows lure the balcony. There is also a private roof terrace.

listing agent Janice Dumont of Advisors Living-New Developments, 136 Newbury St., Boston, 508-277-7707,


63 Lothrop Street, Beverly

Paul Aquipel
Paul Aquipel
Paul Aquipel
Paul Aquipel


Construction year 1900

square footage 5,859

bedroom 5

bath 3 full, 2 half

Steer $22,636 (2023)

Last sold for $1,600,000 in 2017

KEEP STRESS AT CONTROL – Live in a home where the kitchen, living room, dining room, family room and every bedroom have stunning ocean views. This historic gem is also adorned with original stained glass, millwork and beautifully proportioned formal rooms. In addition to a private terrace on the main suite and a larger one on the main level, there is a staircase down to a terrace (complete with running water and electricity) perched on the edge of a new seawall. The home sits on .67 acres.

listing agent Gretchen Berg, J Barrett & Company, 1 Beach St., Manchester-by-the-Sea, 978-252-0322,, @lovewhereyou32livema on Instagram

Marni Elyse Katz is a contributing editor at Globe Magazine and a regular contributor to Address. Follow her on Instagram and Twitter @StyleCarrot. Send comments to

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