$1,500,000
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
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.
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.
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.
Greenwood Elementary School
Elementary
Galvin Middle School
Middle
Wakefield Memorial High School
High · 1.5 mi
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$1400K
Midpoint
$1500K
High
$1600K
$435/SF estimated price per square foot
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.
Wakefield has experienced steady population growth and rising property values over the past decade. Walkability Rating estimate: 65/100.
Proximity to Lake Quannapowitt offers recreational opportunities. Downtown Wakefield provides shopping and dining options. Nearby parks and schools enhance community appeal.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$435/SF
New construction sale
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