Apartments, Condos and Homes in Nahant, Massachusetts

Nahant, Massachusetts, is a hidden gem that's almost too good to be true. It occupies a breathtaking peninsula just 30 minutes north of central Boston. It has a rocky coast, gorgeous surroundings and the atmosphere of a seaside vacation town. Nearly every home here has an ocean view and a deck for watching the colorful sunrises and sunsets. Today, approximately 3,500 lucky people call Nahant home, and you could be one of them.

Nahant Real Estate

There's a lot going on in this tiny town, which covers just one square mile of prime land. Buyers and renters alike will find suitable housing options in this idyllic municipality. Owners live in two-thirds of the houses. The remaining one-third are rentals. Because vacancy rates are extremely low in this desirable area, it's advisable to have a broker who will constantly check the latest listings and send you details on properties as they become available. Although the market can be competitive and move quickly, homes are more affordable than you might expect in such an exclusive seaside community.

Houses and Condos

In terms of value, location and overall quality, very few communities in greater Boston can compete with Nahant. The median value for single-family homes is just over $500,000. More houses are listing in the upper $500,000s, but properties are available at all price points. In the top tier, multi-million dollar listings are available. These historic and modern estates include rambling shingle-style mansions, wooded lots, carriage houses and a tremendous amount of living space. Even at this high level, the median listing price is still only $300 per square foot. Aside from these large homes and luxury waterfront properties, Nahant has a number of accessibly priced condos that you can get into for less than $200,000. For between $300,000 and $500,000, you can secure a larger condo in a lovely multi-family building with priceless ocean views.

Oceanfront Apartments and Rentals

Renters can benefit greatly from Nahant's convenient location on the edge of the Boston metropolitan area. It's just far enough from the city that commute times are reasonable, but prices are accessible. Rentals in commercial and privately owned apartment buildings are available for just under $2 per square foot. Most rentals are leasing for somewhere between $1,700 and $2,300. At this rate, you'll secure a spacious two-bedroom apartment with lots of space and amenities for $2,000 per month. Most privately owned buildings have off-street parking for multiple vehicles, in-unit laundry facilities and additional basement storage.

Nahant is an incomparably inviting community. Living here is like being on a permanent vacation. It's historic. It has a small beach-town atmosphere, and there's plenty to do. If you're ready to experience life at a different pace, we can help you make the transition. Boston City Properties has a team of experienced real estate agents who will go to work for you. We'll track down properties that fit your requirements and monitor the latest listings until we find a place that feels like home to you. We serve Nahant and the greater Boston area. Call us directly, or use our online tool to request information about the latest rentals and homes for sale.

Located in Essex County, this municipality is known for its picturesque setting and predominantly residential composition. There are about 3,400 people that call the town home, as of the 2010 census. The hospitality sector has historically been a primary economic driver for the town, and it has had a favorable environment for the growth of small businesses and retailers, which still find plenty of opportunity to conduct business in the town today. With several primary modes of transportation to Boston, the town is well equipped to service commercial enterprises of all varieties that rely on the region’s major airports and ground transportation centers to operate. Several nearby corridors that serve the town are Route 1, Route 128, and I-95. The MBTA bus system and MBTA commuter rail are the main options for public transportation. The closest airport to the town is the Boston Logan International Airport, which is one of the busiest air transit centers on the East Coast.

The residential sector in this town is formed primarily of single-family homes, multi-family homes, condos, and apartments. As is typical when one moves away from the immediate Boston area, high-rise buildings are replaced with more classic urban dwellings, which includes homes with private driveways and yards. A combination of homes and land are available for sale on the current residential market. There are a few opportunities for leasing and renting property, but ownership is the primary option for those looking to acquire property. As with many other places in the area, the price of property is influenced by several key factors. Age and location of the structures are main considerations, as well as the total size of the building and the number and quality of amenities. Oceanfront property is considered to be a premium, and having a house with ocean views can fetch a much higher price tag. A three-bedroom home for sale on the water, for instance, has an average price tag of about $1.8 million. In contrast, a three-bedroom house closer to the town’s center may be purchased for around $350,000. Tracts of land, primarily those on the water, and homes up for sale in the foreclosure market are also worth exploring as possibilities.

For those seeking a waterfront property, a house like the four-bedroom, three-bathroom house at 12 Spouting Horn Rd. might be an appealing option. The house has a total area of 3,382 SF. It is situated on a parcel of land that is just under one full acre in size. Unobstructed views of the ocean translate to spectacular views of the sun rising and setting over the water. The house comes with a private beach, and it has a quiet and private setting at the end of a cul-de-sac. Inside, the house, which was constructed in the late 1970s, is spacious and bright. It has an open floorplan with large windows that offer inspiring views out to the Atlantic. The house features a large master suite with a Jacuzzi tub and a custom designed walk-in dressing room. A steam shower and recessed lighting are other highlights of the master bedroom.

People looking for a home closer to town might look at a property like the three-bedroom and two-bathroom house at 62 Colby Way. Although it is not directly on the water, the house is still conveniently located within reach of the ocean. From here, it is also possible to reach other conveniences such as parks and the local schools. The house covers an area of 1,039 SF. It is listed as a property that needs some renovations and updates, and therefore it is being sold in as-is condition. The layout of the house includes a combined kitchen and living room, which is an ideal setup for entertaining, and a bonus room that can be used for a variety of purposes. The home was built in 1920 and is sited on a small parcel of land that can be used for a flower or vegetable garden or turned into space for an outdoor patio.

For some prospective residents, a multi-family or group living situation is ideal. Those looking for an apartment or condo unit to lease or own in town might be intrigued by a choice like the one-bedroom, one-bathroom condo unit at 162 Willow Rd. This condo unit covers an area of about 850 SF. It is listed for a sale price of $219,900. The condo unit is located in a picturesque building with a second-floor balcony, a walkway and a covered front entrance. A manicured lawn completes the bucolic exterior image. A main highlight of the building is the fact that it has been recently renovated and equipped with a new heating and central air system. The unit contains its own washing machine and dryer, and the kitchen has all the appliances required to make a meal. A spacious basement offers additional storage space, and the unit comes with two parking spaces. The building is located near the beach and a local park.

Along with buildings, land is considered to be a viable option in this town. Purchasing land is ideal for those wanting to build a custom house in a desirable location. An example of oceanfront land on the market is a large, private lot on Spouting Horn Rd. The lot covers an area of about 30,000 SF. It is characterized by green lawns, mature shade trees, and scenic views of the Atlantic Ocean. The lot is offered for a sale price of $850,000. It is located on a private and quiet cul-de-sac, and the property comes with access to a private beach. The site contains a parking space and a small shed that can be used for gardening.

In addition to the residential sector, the commercial sector around this town and in Essex County is growing. It is appealing to incoming businesses and investors because of its proximity to major transportation centers and its status as a tourist destination. One of the main highways that services this town is Route 128, which also happens to be a flourishing center for business growth and opportunity. In the fourth quarter of 2017, the commercial and industrial sectors showed a considerable amount of activity in several different categories. Leading commercial sales and rentals was the warehousing sector, which accounted for about 43 percent of the market. Flexible use buildings, which include many buildings in the Class B and Class C categories, were the second most desirable facilities, and they accounted for roughly 21 percent of the market. High bay buildings, which have clearance heights of 24 feet of more, and manufacturing buildings each made up about 18 percent of the commercial market. A number of these buildings, to the convenience of incoming businesses, are situated on or very close to key transportation routes. One such thoroughfare is Route 128, which is divided into several different sectors. In the fourth quarter of 2017, the Route 128 North corridor had a total amount of about 7,515,000 SF of supply space available. That number breaks down into about 1,335,000 SF of direct space and 15,150 SF of space with the opportunity for subleasing. The vacancy rate in this corridor was higher than in the suburbs of Boston; it averaged 18 percent in the last few months of the year. The section of Route 128 with the second highest volume of commercial space available was Route 128 South. Along this portion, there was approximately 16,580,000 SF of supply space. That figure breaks down into a little more than two million direct SF of space open and about 272,000 SF available for subleasing. The vacancy rate in this area was 13.9 percent, which is lower than the northern part of the Route 128 corridor. The areas with the highest volume and largest variety of commercial space along Route 128 in the last quarter of 2017 were the Northwest and Mass Pike sectors, respectively. The Northwest sector had about 21,343,000 SF of supply space available. That total broke down into about 3,155,000 SF of direct space, with 375,000 SF of space open for subleasing. The vacancy rate along the Northwestern sector was 16.5 percent in the fourth quarter of 2017, but that number is expected to drop as commercial entities seek to occupy space in the Greater Boston area. Finally, the Mass Pike portion of Route 128 had 21,660,000 SF of supply space open for commercial use in the last part of 2017. This amounted to about 2.6 million SF of direct space and a little less than 400,000 SF open for subleasing. The vacancy rates in this sector of Route 128 were about 13.9 percent in the last quarter of 2017, and they are projected to continue falling in 2018. As commercial entities of all kinds continue to move into the commercial structures in the Greater Boston area, rent and sale prices are rising. This is particularly true of the retail and office sectors, where rental rates rose by over 10 percent between 2016 and 2017 alone. Rates are expected to continue rising, which is a large part of the reason why the commercial market is suddenly seeing more demand for Class B buildings, and even some Class C buildings, than premium Class A buildings that are equipped with the latest amenities.

The list of commercial properties for sale and lease in town and surrounding Essex County is a diverse mix. Retail, office, warehousing, and manufacturing facilities are some of the options commercial tenants might find on the market. Retailers are finding space available in town and in shopping centers. There are some industry-specific spaces up for grabs, while other spaces are considered to be suitable for general retail purposes, and they are ready to be finished for a custom use. Likewise, some commercial properties are being offered for particular uses, like medical and banking. Buildings in both categories include those in the categories of Class A, Class B, and Class C. The age, location, and features of each commercial building influences its listed sale or rental price.

Businesses looking for prime retail space might be interested in a space like the general retail building at 90 Pleasant Valley St. The building includes two spaces for incoming tenants that cover a total area of anywhere between 0.09 and 0.20 acres. The building has a total area of 262,939 SF. It is situated in a busy shopping plaza that has a number of big box stores and longtime anchor tenants. Some of the other businesses in the building are Stop & Shop, Starbucks, Famous Footwear, Chipotle, Gap, and Old Navy. The building was constructed in the year 2000, and it is considered to be in good condition with little need for extensive repairs and renovations in the foreseeable future. The site is located in a somewhat walkable location, and there is little public transportation in the vicinity. However, it is a convenient spot to reach for those traveling by car. The shopping center is also in a strategic spot for accessing nearby highways, including I-495 and I-93. The shopping center draws most of its businesses from Boston residents and residents in the towns north of the city.

Another example of a retail space on the market is a storefront property that is offered for lease for a price of around $0.54 per SF each month. The space in the building covers a total area of 0.34 acres, and the building itself has a total area of 14,715 SF. The building was constructed in 1900, and it is located in a semi-walkable location. The facility is located right alongside a busy road, which means that it gets a fair amount of vehicular traffic. Although the space is listed as a retail space, it can also be used as an office space for a small business.

Entities needing larger scale facilities may be interested in looking at industrial, warehousing, and flexible use properties along the busy Route 128 corridor, where there are still a high number of vacancies, which means incoming tenants can be picky about the space they choose to buy or rent. Rates along the Route 128 for renting are about $0.30 for an industrial or manufacturing facility. An example of an industrial-type space that one might find in this area is a large industrial building located two miles from Route 128. The building covers an area of about 171,500 SF. There are eight spaces offered for lease, and they range in price from $0.17 to $0.67 per SF each month. Utilities are included in the building’s rental prices, and the space can be used for a primary tenant or structed in a sublease arrangement. The spaces available in the building cover an area of anywhere between 0.01 and 0.30 acres, depending on how much space the incoming tenant needs. The building’s loading docks have a clearance height of 32 feet, which makes the space suitable for use as a distribution center as well.

Companies looking for a premier move in-ready spot might be interested in a Class A building created for a specific use, such as a bank or medical office. One such opportunity in Essex County is the chance to join a large and prominent medical building at the Cummings Center. The facility is conveniently close to a large luxury condominium complex. The multi-story building covers a total area of about 1,356,000 SF. It was constructed in 1906 and is listed as suitable for medical professionals. The building has been renovated with creature comforts and a number of modern conveniences, and it is therefore considered to be a Class A establishment. Along with desirable features, the building is located in a pedestrian-friendly area, and it is easily accessible by vehicle as well. Route 1A is located nearby, and there are several forms of public transportation close by as well.

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