Property Description

This offering is about the land and the view. Located in Point Shirley, one of Winthrop’s most sought after waterfront neighborhoods, this shovel ready site sits above the Atlantic with wide open views of the ocean, Boston skyline, and the iconic Winthrop water tower. Walkable to the beach, yacht clubs, Winthrop Landing, and the ferry, with an easy commute back to the city. The existing structure is intended for tear down. Zoning Board of Appeals approval has already been granted and the project is fully entitled. A buyer simply needs to pull a building permit and start construction. Setbacks and building dimensions are locked in, but the interior layout and all aesthetic choices are yours, from finishes and floor plan to siding style, window color, and design details.The land asking price $500,000, with a rare opportunity to leverage local construction financing. Cambridge Savings Bank offers programs with as little as 10 percent down, financing the full construction costs.