Experience the pinnacle of lakefront luxury living at 20 Gillis Terrace—an exceptional sun-drenched ~7,123 sqft residence on your own private beach with deeded dock, just 40 minutes from Boston. Tucked in one of the most desirable Salem neighborhoods, this meticulously maintained 5-bedroom home blends grand scale with everyday luxury. The 1st-floor primary suite is a true retreat featuring a fireplace, spa-like bath with sauna shower, jacuzzi tub, double vanities, and European bidet. The chef’s kitchen offers granite counters, designer cabinetry, and high-end appliances including a professional-grade range and wine fridge—all flowing into an open-concept living and dining area with soaring ceilings, natural light, and gas fireplace. Upstairs, find additional bedrooms, full baths, and a cozy overlook. The finished walkout lower level stuns with a custom wet bar, gas fireplace, and half bath, while a renovated in-law apartment adds flexibility. Additional highlights include a new HVAC, professionally landscaped grounds, freshly painted interiors, hardwood floors, radiant floors, generator, surround sound, 3-car garage, outdoor fire pit, custom stone walls, and a newer 2-bedroom septic installed in 2020. A rare opportunity to own a truly expansive and turn-key lakefront home on Arlington Pond (269-acres). Property is being used as a 5 bedroom home with in-law but has a 2 bedroom septic system.
Closed
Street View
Listed by: Compass New England, LLC
Bought with: BHHS Verani Realty Methuen
$1,890,000
20 Gillis Terrace, Salem, NH 03079
5beds
7,123sqft
Single Family Residence
Built in 2005
0.32 Acres Lot
$1,932,000 Zestimate®
$265/sqft
$7,720 Estimated rent
Home value
$1,932,000
$1.80M - $2.09M
$7,720/mo
Zestimate® history
Owner options
List your home for rent
$7,720/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$7,720/mo
Rent Zestimate®
Refinance and save
$10,164/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$10,164/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Gas fireplaceDeeded dockPrivate beachSauna showerOutdoor fire pitRadiant floorsHardwood floors
Zillow last checked:
Listing updated:
Listed by:
Sean Bakhtiari,
Compass New England, LLC 978-248-8081
Bought with:
Mirna A Bechara
BHHS Verani Realty Methuen
Source: PrimeMLS,MLS#: 5052552
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: ENERGY STAR Qualified Dishwasher, Dryer, Freezer, Microwave, Double Oven, Gas Range, Refrigerator, Washer, Wine Cooler, Water Heater
- Laundry: 1st Floor Laundry
Features
- Cathedral Ceiling(s), Ceiling Fan(s), Dining Area, Kitchen Island, Primary BR w/ BA, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
- Flooring: Carpet, Ceramic Tile, Hardwood, Manufactured
- Windows: Blinds, Skylight(s)
- Basement: Finished,Full,Walkout,Interior Access,Exterior Entry,Walk-Out Access
- Has fireplace: Yes
- Fireplace features: 3+ Fireplaces
- Furnished: Yes
Interior area
- Total structure area: 7,340
- Total interior livable area: 7,123 sqft
- Finished area above ground: 4,751
- Finished area below ground: 2,372
Property
Parking
- Total spaces: 6
- Parking features: Paved, Auto Open, Driveway, Garage, Off Street, Parking Spaces 6+, Attached
- Garage spaces: 3
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 1st Floor 1/2 Bathroom, 1st Floor Bedroom, 1st Floor Full Bathroom, 1st Floor Hrd Surfce Flr, Bathroom w/Step-in Shower, Bathroom w/Tub, Paved Parking, 1st Floor Laundry
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Deck, Private Dock
- Has spa: Yes
- Spa features: Bath
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront
- Body of water: Arlington Mill Reservoir
- Frontage length: Road frontage: 100
Lot
- Size: 0.32 Acres
Details
- Parcel number: SLEMM28B5724L
- Zoning description: REC
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Wood Frame, Vinyl Siding
- Foundation: Concrete
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Private Sewer
- Utilities for property: Cable
Community & neighborhood
Security
- Security features: HW/Batt Smoke Detector
Location
- Region: Salem
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2025 | Sold | $1,890,000-0.5%$265/sqft |
Source:  PrimeMLS #5052552 Report a problem | ||
| 7/25/2025 | Contingent | $1,899,000$267/sqft |
Source: PrimeMLS #5052552 Report a problem | ||
| 7/21/2025 | Listed for sale | $1,899,000+47375%$267/sqft |
Source: PrimeMLS #5052552 Report a problem | ||
| 7/1/2025 | Listing removed | $6,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/16/2025 | Listed for rent | $6,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/10/2023 | Sold | $4,000-99.7%$1/sqft |
Source: Public Record Report a problem | ||
| 11/2/2021 | Sold | $1,250,000$175/sqft |
Source: PrimeMLS #4868228 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $20,309 +3.8% | $1,153,900 |
| 2023 | $19,570 +5.7% | $1,153,900 |
| 2022 | $18,520 -0.3% | $1,153,900 +36.8% |
| 2020 | $18,576 +0.2% | $843,600 +0% |
| 2019 | $18,540 +1.7% | $843,500 |
| 2018 | $18,228 +3.7% | $843,500 |
| 2017 | $17,579 +2% | $843,500 |
| 2016 | $17,233 +16.8% | $843,500 +22.3% |
| 2015 | $14,757 +2.9% | $689,900 |
| 2014 | $14,343 +1.6% | $689,900 |
| 2013 | $14,115 -0.6% | $689,900 |
| 2012 | $14,198 +6.1% | $689,900 -23.5% |
| 2010 | $13,387 +14.4% | $902,100 +3% |
| 2007 | $11,707 | $875,600 |
Find assessor info on the county website
Neighborhood: 03079
Nearby schools
GreatSchools rating
- 5/10North Salem Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Woodbury SchoolGrades: 6-8Distance: 3.2 mi
- 6/10Salem High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: North Salem Elementary
- High: Salem High School
- District: Salem School District
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,932,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,932,000
- New Hampshire
- Rockingham County
- Salem
- 03079
- 20 Gillis Terrace
Nearby cities
Nearby zip codes
Other Salem Topics
