
311 Dedham Ave Needham — Photo 1 of 41
Recent Drop: $150,000
$2,599,000
Investment Analysis — 311 Dedham Ave
Needham, MA 02492 — Needham Center / Needham Heights
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 0.60% cap rate and $15,682/yr in estimated NOI at the $2,599,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
7.5
SqFt
6,713
Style
Single Family
Built
2025
Over 6,700 SF of New Construction Luxury — One of Needham's Strongest Values Under $2.6M. This exceptional custom-built residence by a premier local high-end builder offers an extraordinary combination of space, quality, craftsmanship, and versatility, with 6 bedrooms, 7 full baths and 1 half bath across four beautifully finished levels. Ideally located just minutes from Needham Center, commuter rail, schools, shopping, dining, and major routes. From the moment you enter, the quality is unmistakable. Architectural Series windows, premium materials, designer finishes, and thoughtful architectural details are showcased throughout. The main level features 9-foot ceilings, an oversized private office or first-floor bedroom with ensuite bath, and a sophisticated open-concept layout designed for both everyday living and entertaining. The spectacular chef’s kitchen features an expansive center island, top-of-the-line Thermador appliances, abundant custom cabinetry, a butler’s pantry with wine refrigerator, and direct access to a spacious outdoor deck for effortless indoor-outdoor living. Upstairs, four generously sized ensuite bedrooms include a luxurious primary suite with a spa-inspired bath featuring a large walk-in shower, freestanding soaking tub, heated floors, and elegant finishes. The finished third floor provides flexible open-concept space ideal for a media room, playroom, additional office, lounge, or guest space. The sun-filled finished lower level further expands the home with a wet bar, gym/flex space, additional bedroom and full bath—perfect for guests, recreation, entertaining, or extended living. An oversized two-car garage with EV charger adds modern convenience. With more than 6,700 SF of beautifully designed living space, six bedrooms, extensive ensuite accommodations, four finished levels, high-end finishes, and outstanding proximity to Needham Center, this remarkable residence presents a rare opportunity to own exceptional new construction with extraordinary space and value in Needham.
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 6,713 sq ft principal dwelling). Lot size: 10,019 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Oven • Dishwasher • Microwave • Range • Wine Refrigerator • Range Hood
Neighborhood
Public Transportation • Walk/Jog Trails • Highway Access • Public School • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 14
Dining Room
Lvl First16 x 10
Kitchen
Lvl First16 x 17
Closet/Cabinets - Custom Built
Family Room
Lvl First21 x 17
Primary Bedroom
Lvl Second22 x 18
Bathroom - Full, Closet/Cabinets - Custom Built
Bedroom 2
Lvl Second17 x 16
Bedroom 3
Lvl Second19 x 14
Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built
Bedroom 4
Lvl Second14 x 18
Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built
Bedroom 5
Lvl First16 x 10
Bathroom - Full, Closet/Cabinets - Custom Built
Property History
$2,599,000
Was $2,749,000
Sep 14, 2026
MLS® 73560761
$2,749,000
Aug 7, 2026
MLS® 73560761
$12,800
Jun 8, 2025
MLS® 73382586
$12,800
May 29, 2025
MLS® 73382586
$12,800
Apr 30, 2025
MLS® 73326249
$2,730,000
Mar 7, 2025
MLS® 73290924
$12,800
Jan 15, 2025
MLS® 73326249
$2,730,000
Sep 17, 2024
MLS® 73290924
Listing Agent: Jason Saphire
Listing Office: www.HomeZu.com
MLS® Number: 73560761