Active
2 Days on market
131 Fair Oaks Park Needham — Photo 1 of 38

131 Fair Oaks Park Needham — Photo 1 of 38

$3,450,000

Investment Analysis — 131 Fair Oaks Park

Needham, MA 02492

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02492 carries an estimated $4,770/mo in gross rent — about a 0.75% cap rate and $25,879/yr in estimated NOI at the $3,450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

4

SqFt

4,800

Style

Single Family

Built

1910

A rare double-lot estate on Fair Oaks Park MORE INTERIOR PHOTOS SOON—once named by Boston Magazine as the most premier street in all of Needham. Located less than half a mile from schools, parks, Needham Center, and the commuter rail to Boston, this exceptional property offers a truly rare combination of architectural character, expansive grounds, and in-town convenience.Set on more than half an acre with 180 feet of frontage on Fair Oaks Park, this Spanish Colonial estate is more than a beautiful home—it is a distinctive piece of Needham’s architectural story. Its soaring ceilings, period craftsmanship, abundant natural light, and gracious proportions reflect the scale and character of a landmark residence, while the four levels of living space. Formal rooms provide an elegant setting for entertaining, while relaxed gathering spaces make the home equally well suited to everyday family life. The bright kitchen features a Sub-Zero refrigerator, double ovens, and a separate eating area. The versatile lower-level suite, with its own separate entrance, provides flexibility for guests, multigenerational living, an au pair, or a dedicated home office or professional workspace. Outside, the property transforms into a private, resort-like retreat—an especially uncommon offering so close to Needham Center. French doors open to multiple outdoor living spaces, including a broad deck and sheltered entertaining area. The professionally maintained, fenced grounds feature expansive lawns with an irrigation system, established gardens, and an architect-designed, heated 30,000-gallon Gunite pool. It is a setting designed for quiet mornings, summer gatherings, and everything in between. What truly distinguishes this estate is the combination of its historic architectural identity, substantial private grounds, and exceptional close-to-town location. Opportunities to own a property of this scale and character in such a coveted setting are exceedingly rare. Bring your vision and make this extraordinary home your own. Shown by private appointment only.

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 4,800 sq ft principal dwelling). Lot size: 26,789 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.

Open Houses

Property Details

Financials

Original Price$3,450,000
Annual Taxes$17,623

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms14
Fireplaces2
FlooringTile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Vinyl
BasementFull

Climate & Utilities

HeatingBaseboard, Natural Gas, Electric
CoolingCentral Air, Whole House Fan
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofTile, Clay
FoundationConcrete Perimeter
ZoningSRB

Property & Lot

Acres0.61
SqFt Lot26,789
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Oven • Dishwasher • Refrigerator • Washer • Dryer • Other

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 5
Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1
First
Living RoomDining RoomKitchenBathroom 2
Basement
Family RoomBathroom 3
Living Room
Lvl First

26 x 14

Flooring - Hardwood, Window Seat

Dining Room
Lvl First

12 x 15

Flooring - Hardwood, Pocket Door, Window Seat

Kitchen
Lvl First

12 x 17

Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting

Family Room
Lvl Basement

Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl Second

15 x 15

Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Flooring - Wall to Wall Carpet, Balcony - Exterior, French Doors

Bedroom 2
Lvl Second

14 x 12

Bedroom 3
Lvl Second

14 x 14

Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

13 x 14

Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 5
Lvl Third

15 x 12

Flooring - Hardwood

Bathroom 1
Lvl Second

Bathroom - Half

Bathroom 2
Lvl First

Bathroom - Half

Bathroom 3
Lvl Basement

Property History

Listed
$3,450,000

Sep 23, 2026

MLS® 73581831

Listed
$3,450,000

Sep 23, 2026

MLS® 73581885

Expired
$3,850,000

Sep 16, 2026

MLS® 73502566

Listed
$3,850,000

Apr 15, 2026

MLS® 73502566

Listing Provided By

Listing Agent: Marie Moore Shapiro

Listing Office: Hawthorn Properties

MLS® Number: 73581831