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54 Ward St, Lexington, MA, 02421

5beds
6baths
4,350sqft
$2,498,000
$574price/sqft
$16,354/moest. monthly cost
$654,160/yrincome needed

About This Home

NEW CONSTRUCTION. Stunning, timeless Colonial by longtime Lexington master builder. No detail has been overlooked from the layout, custom mill-work and decor. The Chef's kitchen showcases Thermador and Bosch appliances, large center island and sunny breakfast area that abuts a spacious family room with fireplace and built-ins. Glass doors take you to a beautiful patio and thoughtfully landscaped private outdoor space. Private first floor office with custom built-ins, living room & formal dining room. Retreat upstairs to 4 generous bedrooms, including master suite w/walk-in closet & spa like bath. The expansive lower level offers plenty of space for a playroom or gym. The third floor allows versatility as a 5th bedroom or bonus room with an additional full bath. An oversized, heated two car garage and mudroom allow easy access. A great opportunity to acquire a sophisticated home in a quiet and convenient location. Just minutes to downtown Lexington, top schools and commuter routes: direct from Builder. Homes Development Corp.

Getting Around

68
WalkingSomewhat Walkable
35
TransitSome Transit
65
BikeBikeable

Schools

9/10
Wm Diamond Middle SchoolGrades 6-81.4 mi
10/10
Lexington High SchoolGrades 9-120.1 mi

Construction

Condition

  • Year built: 2026

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Features

  • Flooring: Tile,Hardwood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Heat pump,Electric
  • Cooling features: Central

Interior Area

  • Total interior livable area: 4,350 sqft

Property

Details

  • Parcel number: LEXIM0072L00176B

Features

  • Exterior features: Cement / Concrete
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 7,405 sqft

Parking

  • Total spaces: 6
  • Parking features: Garage - Attached

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

  • Ice Storm
    Ice StormRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Hurricane
Inland Flooding
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 $12,631$151,572
Home Insurance *$325$3,900
Property Taxes $2,541$30,492
Electricity $857$10,293
Total$16,354$196,248
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$560,708/yr
40% on housing$490,620/yr
45% on housing$436,106/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: 7.6%
7.6%
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

$574This listing

vs Other Active Listings

Avg $/sqft

ZIP 02421$576
Middlesex County$437

vs Homes Sold Last Month

Median $/sqft

ZIP 02421$582
Middlesex County$413

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)

No zestimate history available

Price History

DateEventPrice
2026-05-03Listed for sale$2,498,000

For Sale by Owner

AgentProperty Owner

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