40 Norwood Road
Salem, NH, 03079 $ 499,900
Baths0.0 Monthly Estimate*
$ 3,078
Listed by Jennifer Mason, Coldwell Banker Realty Andover MA, 978-995-4885, jen@jenmasonrealtor.com
Studio for $499,900. The lot size is 1.67.
Rare opportunity to build your DREAM WATERFRONT ESTATE on 1.67 PRIVATE ACRES in highly desirable NORTH SALEM. Tucked away in a serene setting within a RURAL ZONING DISTRICT, this READY-TO-BUILD PARCEL offers the perfect blend of PRIVACY, NATURE, WILDLIFE, AND CONVENIENCE. Imagine waking up to peaceful water views and enjoying KAYAKING, PADDLEBOARDING, AND WINTER ICE SKATING right from your own backyard. PENDING FINAL TOWN APPROVAL, this lot is anticipated to abut a stunning new 10-ACRE CONSERVATION AREA featuring WALKING TRAILS, SCENIC OVERLOOKS, AND DIRECT ACCESS TO NATURE. With ample space for a LUXURY CUSTOM HOME, the possibilities are endless. SHOWING REQUEST TO ACCESS THE PROPERTY. Whether you're a builder, investor, or someone looking to create a one-of-a-kind waterfront residence, this exceptional parcel offers a rare combination of location, lifestyle, and potential. Don't miss the chance to bring your vision to life in one of Southern New Hampshire's most sought-after communities. Ideally located just minutes from Interstate 93 and the vibrant Tuscan Village, you'll enjoy easy access to premier shopping, dining, and entertainment while still embracing the tranquility of a secluded retreat. Electricity is already underground, and the property was previously surveyed by a developer in 1988/1989 and approved for construction, with plans on file at Town Hall. Buyer to pay current use taxes and it will be coming off current use status. Buyer and Buyer's Agent are responsible for conducting their own independent due diligence and verification of all information related to the property, including but not limited to zoning, permitted uses, wetlands, utilities, approvals, dimensions, frontage, buildability, and any other matters of importance. Neither Seller nor Broker makes any representations or warranties regarding the accuracy of information provided.
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FeaturesGeneralRoad Frontage TBD
Sewer On-Site Septic Needed
Utilities Underground Utilities
current use No
Flood Zone No
Zoning RUR
Electric Underground
Block 0
Auction No
Tax Year 2025
Status Detail 0
Covenants No
Directions GPS
High School Salem High School
City Salem
School District North Salem Central School District
Elementary School North Salem Elementary
Middle School Woodbury School
DOM 0
Price Per Sq Ft Total AG 299341.32
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ExteriorLot Features Abuts Conservation Neighborhood Pond Waterfront Wooded Private
Water View Yes
Lot Size Area 1.67
Water Source On-Site Well Needed
Water Body Name Arlington Mill Reservoir
Lot 10792
Waterfront Property Yes
Water Body Type Pond
Water Body Access Yes
Water Access Details Directly Adjoining
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* Excluded FeaturesList ByJennifer MasonListing Agent
Coldwell Banker Realty Andover MaBroker
jen@jenmasonrealtor.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,078
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Salem, NH
Average List Price $1,234,500
Percent of Sale Price 147%
About Salem, NH 29,851 Population
7% Since 2002
$ 80,873 Median Income
46.04 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
5415880 Elementary School
5295631 Middle School
Salem High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $499,900 | | Listed Price |