Waterfront

Spencer, MA Waterfront Land for Sale

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Waterfront Residential Development Lot
Updated: Apr 27
Waterfront Residential Development Lot

12 Point Eastalee Drive, Spencer, MA 01562

$350,000
1.34 AC lot
1.34‑acre waterfront lot with frontage on Sugden Reservoir, an 87+ acre full‑recreational lake
Artesian well already in place
Approved 4‑bedroom septic design
Order of Conditions secured, including an approved dock location
Accessory dwelling unit (ADU) potential, subject to town approval
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Residential Income, Spencer, MA
Updated: Sep 1
Residential Income, Spencer, MA

99 Lakeshore Drive, Spencer, MA 01562

$735,000
2,096 sqft 4.34 AC lot
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Waterfront Lot Ready for Building
Waterfront Lot Ready for Building

12 Point Eastalee Drive, Spencer, MA 01562

$350,000

Serene waterfront lot with well, septic design, and dock.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Spencer, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Riverfront Residential Land Parcel
Riverfront Residential Land Parcel

9 Howarth Rd, Oxford, MA 01540

$129,000
0.69 AC lot

Riverfront lot with a town-approved 3-bedroom septic design and completed perk testing, ready for viewing.

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Land
Land

Lot 1 Gould Road, Charlton, MA 01507

$110,000

Waterfront Land

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Land
Land

Lot 3 Gould Road, Charlton, MA 01507

$110,000

Residential land & home lots

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LandParcel
LandParcel

3 Howarth Rd, Oxford, MA 01540

$164,500

Waterfront Land

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Spencer, MA Waterfront Land Market Trends and Statistics

Explore 3 waterfront land for sale in Spencer, MA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 247,421 square feet of properties for sale, with an estimated market value of $1,435,000.

Sale prices for water rights properties in Spencer, MA start at $350,000, averaging $478,333, and reaching up to $735,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Residential land & home lots 4
Waterfront Land 2

Demographics Overview

Population 12K
Population Growth (5Y) +0.4%
Median Household Income $79,086
College Educated 38.2%

High-Yield Neighborhoods for Investment

Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
01562 $350K

Taxes & Financing

Tax Rate (average for all types) 1.14%
Property Tax per SF $25.23 per SF
Tax Rate vs County Average 0.67 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Worcester County

New Delisted

Total CRE Inventory on Market (SF)

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