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Experience the best of waterfront living in one of Salem's most desirable neighborhoods-Collins Cove. Beautifully updated home offers a rare opportunity to enjoy direct water access with a private dock that accommodates a boat, making it easy to explore Beverly/Salem Harbor and the North Shore coastline. The home features two master suites, including a master suite with a private balcony overlooking the ocean. Expansive outdoor decks provide multiple living spaces for dining, relaxing, and enjoying water views. Professionally landscaped grounds create a private outdoor oasis complete with a fire pit, offering the perfect setting for gatherings with family and friends. Just moments from downtown Salem's renowned restaurants, boutiques, museums, commuter rail, and waterfront park, this exceptional Collins Cove residence combines the tranquility of coastal living with the convenience of city amenities. A rare offering where everyday feels like a vacation.

More Info

Basic Information

  • Bedrooms3
  • Mls StatusNew
  • Bathroom3
  • Listing Terms Lender Approval Required
  • Lot Features Gentle Sloping
  • Parcel Number 2138233
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $1,109,300
  • Tax Year 2027
  • Taxes$12,368

School Information

  • High School Salem High School
  • Elementary SchoolBentley
  • Junior HighSaltonstall

Parking

  • Parking Spaces8
  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features
    • Attached
    • Driveway
    • Garage Door Opener
    • Insulated
    • Off Street
    • Paved
    • Paved Drive
    • Storage
    • Workshop in Garage

Rooms

  • Bathrooms Total Decimal 3
  • Bedroom 2 First
  • Bedroom 3 First
  • Dining Room First
  • Full Bath3
  • Kitchen First
  • Living Room First
  • Master Bedroom Second

Basic Information

  • List Price$1,475,000
  • MLS Number73567403
  • Modification Date08/24/2026
  • Property SubTypeSingle Family Residence

Location

  • NeighborhoodSalem Willows
  • SubdivisionSalem Willows
  • Address55 Memorial Drive
  • Building Number55
  • CountyEssex
  • StateMA
  • StreetMemorial Drive
  • TownSalem
  • Zip01970

Building

  • Attached Garage YN Yes
  • Basement
    • Bulkhead
    • Concrete
    • Full
    • Interior Entry
    • Partially Finished
    • Sump Pump
  • Building Area Units Square Feet
  • Construction Materials Frame
  • Door Features Insulated Doors, French Doors
  • FireplaceYes
  • Fireplace Features Living Room
  • Fireplaces Total 1
  • FoundationConcrete Perimeter
  • Garage Spaces2
  • Patio And Porch Features Deck, Deck - Wood, Deck - Composite, Patio
  • Property StyleContemporary
  • Rooms7
  • Utilities
    • For Gas Dryer
    • For Gas Oven
    • For Gas Range
    • Generator Connection
    • Icemaker Connection
    • Washer Hookup
  • Window Features Insulated Windows, Screens
  • Year Built1949
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.12

Interior

  • Flooring Tile, Hardwood
  • Interior Features Internet Available - Broadband

Exterior

  • Exterior Features
    • Balcony
    • City View(s)
    • Deck
    • Deck - Composite
    • Deck - Wood
    • Decorative Lighting
    • Fenced Yard
    • Fruit Trees
    • Patio
    • Professional Landscaping
    • Rain Gutters
    • Screens
    • Sprinkler System
    • Stone Wall
    • Storage
  • Fencing Fenced/Enclosed, Fenced
  • RoofShingle

Utilities

  • Cooling Heat Pump, Ductless, Whole House Fan
  • Cooling YN Yes
  • Electric 200+ Amp Service, Generator Connection
  • Heat SystemYes
  • Heating
    • Active Solar
    • Baseboard
    • Ductless
    • Heat Pump
    • Natural Gas
    • Radiant
    • Wood Stove
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet2,072
  • Building Area Source Public Records
  • Living Area 2,072
  • Lot Size Square Feet 5,619
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • View YN Yes

Amenities

  • Amenities
    • Bike Path
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedGas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Range Hood, Plumbed For Ice Maker
  • Green Energy Efficient Attic Vent Elec.
  • Green Energy Generation Solar

Water Body

  • Miles to Beach0.1
  • WaterfrontYes
  • Waterfront Features Waterfront, Ocean, Harbor, Dock/Mooring, Deep Water Access, Private, Harbor, Ocean, Walk to,0 to 1/10 Mile To Beach, Beach Ownership(Public)

Other

  • Date Listed08/24/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Cynthia Navarro of Noble Realty Partners LLC

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