See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

285 Lynn Shore Dr APT 203, Lynn, MA, 01902

1beds
1baths
309sqft
$179,000
$579price/sqft
$1,483/moest. monthly cost
$59,320/yrincome needed

About This Home

Experience coastal living at a truly affordable price in this beautifully renovated unit, located in the historic Breakers Building. This residence offers a rare opportunity to own in Lynn’s growing beachfront community, just minutes from the famous Revere Beach. Thoughtfully updated by its current owner, the unit blends modern comforts with classic charm, making it an excellent primary residence, short-term rental, or furnished summer getaway.Enjoy breathtaking ocean views and easy access to vibrant waterfront amenities, restaurants, and public transportation. While the Breakers Building carries a rich history, buyers should conduct due diligence on upcoming assessments and management matters, as the seller will not offer concessions. This property must be purchased with cash or a loan that accommodates these factors.Don’t miss this opportunity to invest in a prime coastal location with strong rental potential. Schedule your showing today!

Getting Around

75
WalkingVery Walkable
42
TransitSome Transit
62
BikeBikeable

Schools

Construction

Condition

  • Year built: 1893

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 309

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 309
  • Total interior livable area: 309 sqft

Property

Details

  • Parcel number: M:081 B:574 L:014 S:014,2001708
  • Attached to another structure: Yes
  • Zoning: R2

Features

  • Has view: Yes
  • View description: Water,Ocean
  • Has water view: Yes
  • Water view: Ocean,Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Ocean,Ocean,Walk to,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Lot

  • Lot size: 0.27 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $905$10,860
Home Insurance *$75$900
Property Taxes $149$1,788
Electricity $354$4,259
Total$1,483$17,796
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$50,845/yr
40% on housing$44,490/yr
45% on housing$39,546/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$579This listing

vs Other Active Listings

Avg $/sqft

ZIP 01902$276
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01902$383
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-08Price change$179,000
2026-06-08Price change$180,000
2025-09-25Listed for sale$185,000
2022-01-12Sold$145,000
2021-08-14Pending sale$150,000
2021-07-31Contingent$150,000
2021-07-29Listed for sale$150,000
2007-03-09Sold$79,000
2002-02-12Sold$76,150

For Sale by Agent

AgentJ. Lucky Henry
BrokerageHenry RE

Similar Homes