Property listing for 1 Ossipee Lane, Wakefield, MA 01880
For SaleSingle Family Home

$1,500,000

1 Ossipee Lane, Wakefield, MA 01880

Stunning 4-Bed Colonial with Lake Views and Modern Finishes

4 Bed · 4 Bath · 3,444 Sq Ft

New construction Lakeside colonial — elevated site, contemporary comforts

4

Beds

4

Baths

3,444

Sq Ft

2025

Built

0.39 acres

Lot

2-car attached

Garage

About 1 Ossipee Lane

Perched at the end of a quiet cul-de-sac, 1 Ossipee Lane occupies an elevated 0.39-acre parcel that opens toward Lake Quannapowitt. Built in 2025, this 3,444 sq ft colonial delivers contemporary systems and traditional presence: a two-story silhouette, an attached two-car garage, and an entry sequence that leads to refined living spaces designed for everyday life and entertaining.

The interior showcases wide-plank hardwood across principal rooms and a contemporary kitchen fitted with stainless steel appliances and thoughtful storage. Multiple living areas include a formal room anchored by a fireplace and an open family/kitchen zone where sightlines extend to the backyard. Four bedrooms and four full baths are distributed across two levels, offering privacy and flexibility—ideal for a home office, guest suite, or primary bedroom with ensuite. Energy-efficient windows and central air ensure year-round comfort; a full unfinished basement offers scope for future expansion or a tailored fitness/media wing.

Outside, the property’s elevated siting provides scenic views toward the lake and a sense of separation from the bustle of town. Landscaping beds and a private driveway create welcoming curb presence; the cul-de-sac location reduces through-traffic and increases privacy. With municipal water and sewer, National Grid gas and electric, and modern construction techniques, the home balances low-maintenance living with longevity.

Located in Wakefield’s Lakeside neighborhood, the house is two blocks from Lake Quannapowitt’s walking trails and waterfront recreation and about a mile from downtown Wakefield’s shops and restaurants. Strong local schools, including Greenwood Elementary, Galvin Middle, and Wakefield Memorial High, make this an attractive choice for families. Recent nearby sales of comparable new construction reinforce the premium for lake-adjacent homes, positioning 1 Ossipee Lane as a compelling blend of new-build quality and neighborhood lifestyle.

Home Highlights

New construction (2025) — move-in readyScenic lake views from elevated cul-de-sac lotContemporary kitchen with stainless steel appliancesHardwood floors throughout principal roomsAttached 2-car garage and private drivewayEnergy-efficient windows and central ACFull unfinished basement for expansion

Property Features

Interior Features

  • 4 bedrooms and 4 full bathrooms
  • 3,444 square feet of living space
  • Hardwood floors throughout principal rooms
  • Contemporary kitchen with stainless steel appliances
  • Fireplace in formal living area
  • Central air conditioning
  • Energy-efficient windows
  • Full unfinished basement for future finish

Exterior & Lot

  • 0.39-acre elevated lot
  • Located at end of cul-de-sac
  • Attached 2-car garage plus private driveway
  • Scenic views toward Lake Quannapowitt
  • Asphalt shingle roof
  • Low-maintenance modern landscaping (new construction)

Location & Neighborhood

  • Lakeside neighborhood, Wakefield, MA
  • Lake Quannapowitt approximately 0.2 miles away
  • Downtown Wakefield ~1 mile with shops and restaurants
  • Well-rated Wakefield Public Schools
  • Convenient access to Main Street (0.5 miles) and regional transit

Walkability & Recreation

  • Walkability Rating: 65/100 — Some errands and amenities walkable
  • Lake Quannapowitt walking trails and waterfront recreation (0.2 mi)
  • Downtown dining and retail within 1 mile
  • Neighborhood parks and green spaces nearby
  • Community recreation and boating access at the lake

Neighborhood & Location

Lakeside in Wakefield is prized for direct access to Lake Quannapowitt’s waterfront trails, boating, and seasonal community events. Residents enjoy a small-town downtown one mile away with independent restaurants, coffee shops, and boutiques. The neighborhood attracts families drawn to well-rated Wakefield Public Schools and a strong civic life—farmers’ markets, summer concerts at the common, and easy commuting options to the greater Boston area. The balance of outdoor recreation and walkable neighborhood amenities creates a relaxed yet connected lifestyle.

Market Insights

Wakefield’s market remains firmly in seller-favorable territory: current inventory sits at approximately 2.5 months with average days on market near 30. Median sale price in the area is about $850,000, but lakeside single-family homes—and especially new construction—trade above that median. One proximate comp, 2 Ossipee Lane, sold in mid-2025 for $1,499,000 (roughly $435/sf), supporting a valuation range for this property between $1.4M and $1.6M and a midpoint near $1.5M. Year-over-year appreciation is modestly positive (~5% over 12 months) and cumulative five-year growth is roughly 25%, indicating steady demand and long-term gains.

For buyers: expect competitive showings and timely offers when a well-priced, move-in-ready home hits the market. For sellers and investors: new construction with lake access commands a premium and shows healthy rental demand—estimated rents near $6,000/month for comparable properties—making short-term holding or rental conversion viable. Watch inventory levels and mortgage rate movements; in this market, preparation and speed are the differentiators.

Nearby Schools

Greenwood Elementary School

Elementary

8/10

Galvin Middle School

Middle

7/10

Wakefield Memorial High School

High · 1.5 mi

7/10

Walkability & Recreation

65
Walkability
85
Recreation

Excellent access to Lake Quannapowitt (0.2 miles) with walking trails, waterfront recreation, and nearby parks; downtown amenities and community recreational programming are within easy reach.

Investment Highlights

  • New construction (2025) with modern amenities and energy-efficient features
  • Scenic views of Lake Quannapowitt from elevated position
  • Located in desirable Lakeside neighborhood near downtown Wakefield
  • Proximity to well-rated schools enhances family appeal
  • Competitive market with steady appreciation trends

Key Findings

  • Recent sale of neighboring property at 2 Ossipee Lane for $1,499,000
  • Median sale price in Wakefield: $850,000
  • Average days on market: 30, indicating a competitive market
  • Proximity to Lake Quannapowitt offers recreational opportunities
  • Well-rated schools contribute to neighborhood desirability

Things to Consider

  • Elevated position may require additional maintenance for landscaping
  • Proximity to lake may necessitate flood insurance considerations
  • New construction may have limited historical data for long-term performance

Opportunity Analysis

Premium new construction home in desirable Lakeside neighborhood with modern amenities and scenic lake views. Strong market trends and family-friendly environment suggest solid investment potential.

Potential Use Scenarios

  • Ideal for primary residence seeking modern features and proximity to recreational areas
  • Potential for long-term appreciation given market trends and location
  • Consideration for rental income potential due to desirable features and location

Risk Factors

  • Elevated position may require additional maintenance
  • Proximity to lake may necessitate flood insurance
  • Limited historical data on new construction performance

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$1400K

Midpoint

$1500K

High

$1600K

$435/SF estimated price per square foot

85% confidence

Sales comparison approach using recent sales of similar new construction homes in Wakefield. Adjusted for lake views and modern amenities.

As of 2026-03-11

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$850,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$95,000

Wakefield has experienced steady population growth and rising property values over the past decade. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • Lake Quannapowitt (0.2 mi)
  • Downtown Wakefield (1 mi)
  • Wakefield Common (1.2 mi)
  • Greenwood Plaza (2 mi)
  • Wakefield Memorial High School (1.5 mi)

Proximity to Lake Quannapowitt offers recreational opportunities. Downtown Wakefield provides shopping and dining options. Nearby parks and schools enhance community appeal.

School District

DistrictWakefield Public Schools
ElementaryGreenwood Elementary School (8/10)
MiddleGalvin Middle School (7/10)
HighWakefield Memorial High School (7/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2025
Constructionwood frame
Stories2
Roofasphalt shingle
Heatingforced air gas
Coolingcentral AC
Basementfull unfinished
FireplaceYes
Conditionnew

Lot & Site

Lot Size0.39 acres (16,988 SF)
Topographyelevated
Parkingattached_garage_and_driveway
Parking Spaces4
FrontageLocated at the end of a cul-de-sac

Utilities

Watermunicipal
Sewermunicipal
ElectricNational Grid
GasNational Grid

Zoning & Land Use

Zoning CodeSR
DescriptionSingle Residence
JurisdictionTown of Wakefield

Allowed Uses

single family residential
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Sale History

2025-06-15$1,499,000

$435/SF

New construction sale

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