54 Wilshire St, Winthrop MA 02152
Winthrop, MA 02152 • Winthrop Center
$599,000
$549,000
Est. $3,259/month
About this home
Rare Winthrop duplex development opportunity offering the chance to build ground-up new construction in a highly desirable coastal community. The project allows for two spacious 2,500+ sqft units, ideal for resale as luxury condos or as long-term income-producing properties. Each unit includes two off-street parking spaces, a valuable amenity in this sought-after location. With strong buyer demand and limited new inventory in the area, this is a prime opportunity for builders, investors, or owner-occupants looking to create value. Whether you plan to sell both units or hold for rental income, the flexibility and upside potential make this a standout project.
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Property History
Market Insights
1
Price Changes
8.3%
Price Range
Property Timeline
Pending Sale
May 29, 2026
Offer accepted, sale pending
Back On Market
Apr 24, 2026
Active
Price Reduced
Apr 24, 2026
$549,000
$50,000
(-8.35%)
From $599,000 to $549,000 (-8.3%)
Pending Sale
Apr 14, 2026
Offer accepted, sale pending
Listed for Sale
Mar 22, 2026
$599,000
Original listing
Agent: Lou Markakis
Office: Lynnway Associates
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/29/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 04/24/2026 | • Back On Market | - | - | - | Active |
| 04/24/2026 | ↓ Price Reduced | $549,000 | $50,000 | - | From $599,000 to $549,000 (-8.3%) |
| 04/14/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 03/22/2026 | 🏠 Listed for Sale | $599,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $3,399 | $300,000 |
Financial Details
Annual Property Tax
$3,399
Tax Year 2026
Assessed Value
$300,000
Facts & Features
Home Facts
Type
Land
Style
Residential
Lot Size
0.19 acres
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Utilities
Electric
On-site
Water
Public
Sewer
Public Sewer
Gas
At Street
Other
None
Financial
Annual Tax
$3,399
Assessed Value
$300,000
MA Disclosures
Seller Disclosures
Fully Approved Shovel Ready Duplex Option (condo Or Apts.)
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
Legal Description, Subdivision Approval, Land Survey, Topographical Map, Recorded Plat, Drawings (6)
County
Suffolk
Total market time (incl. prior listings)
58 days
Property Overview
Property Type
Residential
Listing Type
Land
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Flood Plain, Gentle Sloping, Sidewalks
Road Frontage:
62.00 ft
Road Surface:
Paved
Parking & Garage
Parking Features:
Nearby Schools
School District
Winthrop School District local
C
School Safety
2024-25
0.3%
Low
0.3%
Suspensions
5.2% below state avg
Elementary Schools
2 schools
William P. Gorman/Fort Banks Elementary School
0.3 mi
487 students
Less Diverse
Grades PK-02
B-
Arthur T. Cummings Elementary School
0.4 mi
|
#453 of 824
|
Score: 46.0
Improved 101 spots from last year
-12.2 below state avg
467 students
Less Diverse
Rising School
Strong Attendance
Grades 03-05
Middle Schools
1 school
B+
Winthrop Middle School
0.3 mi
|
#119 of 352
|
Score: 47.4
Dropped 26 spots from last year
-10.8 below state avg
439 students
Less Diverse
Grades 06-08
High Schools
1 school
C+
Winthrop High School
0.3 mi
|
#241 of 346
|
Score: 47.2
Dropped 112 spots from last year
-11 below state avg
568 students
Less Diverse
18 sports
• 1,118 athletes
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$283
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Winthrop Center
54 Wilshire St, Winthrop MA 02152
Winthrop, MA 02152
Listing Information
Listing Agent
Lou Markakis
Listing Office
Lynnway Associates
Office Phone
781-558-8518
Agent MLS ID
C0001549
Office MLS ID
AN7887
Listing Data Updated
May 29, 2026 12:27 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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