
7 Bridle Spur Ln Danvers — Photo 1 of 42
$1,995,000
Investment Analysis — 7 Bridle Spur Ln
Danvers, MA 01923
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 0.86% cap rate and $17,200/yr in estimated NOI at the $1,995,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
4,202
Style
Single Family
Built
2017
Welcome to 7 Bridle Spur Lane, an entertainer's paradise perched high in a coveted, rarely available location in this Danvers estate neighborhood. Offering water views and breathtaking sunsets over Putnamville Reservoir, this custom 2017 home features high-end finishes throughout, highlighted by the designer kitchen with custom, oversized cabinetry and a butler's pantry. A dramatic two-story foyer welcomes you with a cascading glass light fixture, curved oak staircase, and open landing framing the peaceful water views. The first level presents an open floor plan flowing seamlessly between kitchen, dining, and living areas, with high ceilings, a gas fireplace, built-in Sonos sound extending to the pool, and a mudroom entry from the garage. The luxurious primary suite boasts reservoir views, a porcelain-tiled bathroom with a walk-in shower, a jacuzzi tub, heated flooring, a rear balcony, and a custom walk-in California closet. Three additional bedrooms, two full baths (one en-suite), and a laundry room complete the second level. A finished third level adapts easily as a fifth bedroom, media room, teen suite, or home gym. The resort-style backyard oasis is designed for privacy, relaxation, and entertaining. Centered around the heated saltwater pool, it features an expansive stone paver patio with a gas fireplace, built-in Lynx grill and cooktop, outdoor shower, and a heated pool house with bar, kitchenette, and half bath. The professionally landscaped grounds showcase elegant stonework and retaining walls, along with built-in irrigation and lighting. Additional features include a three-car garage, white oak hardwood flooring, Hardie Plank siding, Andersen windows, smart thermostats, and hydro-air central HVAC. The unfinished basement with high ceilings provides ample storage or room to finish, plus a potential wine cellar build-out. Set on a private cul-de-sac road near walking trails, highways, St. John's Prep, Beverly Airport, and just 35 minutes to Boston.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,202 sq ft principal dwelling). Lot size: 33,032 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First24 x 14
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl First21 x 13
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Kitchen
Lvl First15 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Gas Stove, Lighting - Pendant
Family Room
Lvl First21 x 14
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Primary Bedroom
Lvl Second20 x 23
Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second12 x 13
Bedroom 3
Lvl Second12 x 13
Flooring - Hardwood, Recessed Lighting, Closet - Double
Bedroom 4
Lvl Second15 x 9
Bathroom - Full, Flooring - Hardwood, Recessed Lighting
Bedroom 5
Lvl ThirdFlooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl First6 x 4
Flooring - Hardwood, Recessed Lighting, Lighting - Sconce
Bathroom 2
Lvl Second15 x 9
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Balcony / Deck, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Enclosed Shower - Fiberglass, Double Vanity, Recessed Lighting, Lighting - Sconce
Bathroom 3
Lvl Second6 x 11
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Enclosed Shower - Fiberglass, Recessed Lighting, Lighting - Sconce
Listing Agent: Robert Heil
Listing Office: Coldwell Banker Realty - Beverly
MLS® Number: 73554481








