Perched atop RIVERWALK, this exceptional penthouse residence offers luxury single-level living with sweeping river and city skyline views. Ideally located minutes from commuter rail service to Boston and the acclaimed dining, shopping, and cultural attractions of historic downtown Salem, it combines urban convenience with waterfront tranquility. The thoughtfully designed three-bedroom, two-bath layout features soaring ceilings, oversized windows, and an open-concept living space finished with wide-plank European oak flooring. The chef-inspired kitchen showcases Bosch appliances, custom cabinetry, and elegant quartz surfaces. The private primary suite includes a walk-in closet and a spa-like bath with radiant heated floors, dual vanities, glass shower, and smart bidet. Amenities include heated indoor garage parking, elevator access, Clubroom Lounge, fitness center, and a beautifully landscaped riverside patio.
For sale
$1,200,000
16 Franklin St #2501, Salem, MA 01970
3beds
1,569sqft
Condominium
Built in 2025
-- sqft lot
$-- Zestimate®
$765/sqft
$776/mo HOA
What's special
Glass showerRadiant heated floorsSpa-like bathElegant quartz surfacesBeautifully landscaped riverside patioPerched atop riverwalkPrivate primary suite
- 59 days |
- 287 |
- 12 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Merry Fox Team 978-808-8064,
MerryFox Realty 978-808-8064,
Daniel Fox 978-808-8064
Source: MLS PIN,MLS#: 73540185
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Primary bathroom
- Features: Yes
Bathroom 1
- Features: Bathroom - Full
- Level: First
Bathroom 2
- Features: Bathroom - Full
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central, Heat Pump, Electric
Cooling
- Heat Pump
Appliances
- Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Laundry: First Floor, In Unit
Features
- Elevator
- Flooring: Wood, Tile
- Windows: Insulated Windows
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: Corner
Interior area
- Total structure area: 1,569
- Total interior livable area: 1,569 sqft
- Finished area above ground: 1,569
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage Door Opener, Heated Garage, Deeded
- Attached garage spaces: 1
Accessibility
- Accessibility features: Accessible Entrance
Features
- Entry location: Unit Placement(Upper)
- Patio & porch: Deck
- Exterior features: Deck
- Has view: Yes
- View description: Water, Ocean, Sound
- Has water view: Yes
- Water view: Ocean,Sound,Water
- Waterfront features: Waterfront, Ocean, Sound, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Details
- Parcel number: 2132543
- Zoning: NRCC
- Other equipment: Intercom
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Frame
- Roof: Rubber
Condition
- Year built: 2025
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, Public School, T-Station
- Security: Intercom, TV Monitor
HOA
- Amenities included: Elevator(s), Fitness Center, Clubroom
- Services included: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
- HOA fee: $776 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $765/sqft
- Date on market: 6/23/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Listed for sale | $1,200,000$765/sqft |
Source: MLS PIN #73540185 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.9 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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