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.
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Last Checked: September 15th, 2026 at 7:58am (Source: MLS PIN #73567403)
Garage Parking
Green Features
Air Conditioning
Waterview
Waterfront
Lead Paint Free
General Information for 55 Memorial Dr, Salem MA 01970
Listing ID73567403
Property TypeSingle Family / Detached
Price$1,475,000 ($711.87/SqFt)
StyleColonial
CitySalem
CountyEssex
MLS AreaSalem Willows
Neighborhood(s)Ipswich
Garage Parking2
ZoningR1
Year Built1949
Year Built SourcePublic Records
Year Built DetailsApproximate
Interior Features for 55 Memorial Dr, Salem MA 01970
Approximate Living Area Total2072
Living Area Includes BasementNo
Rooms7
Bedrooms3
Primary En Suite BathroomYes
BasementFull
Cooling1, Split
Fireplaces
AppliancesRange
FlooringTile
Electric220 Volts
Exterior Features for 55 Memorial Dr, Salem MA 01970
Approximate Lot Size (Acres)0.12
Approximate Lot Size (Square Feet)5619
Total Parking10 (2 Garage)
Garage Parking2
WaterPublic
SewerPublic Sewer
Lot FeaturesGentle Sloping
Parking Features1
Exterior FeaturesPorch
Foundation Materials
Construction MaterialsFrame
Road Frontage Type
Patio & PorchCovered
Roof MaterialAsphalt/fiberglass Shingles
Utility Connections110 Volts
Water ViewsYes
Water Views FeaturesBay
Waterfront1
Waterfront FeaturesRiver
Pool Features
Horse Permitted0
Horse AmenitiesRiver
Disclosures for 55 Memorial Dr, Salem MA 01970
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Special Listing Conditions
ExclusionsDigital Keypad Locks Do Not Convey With Sale.
Compensation Based On
Financial Information for 55 Memorial Dr, Salem MA 01970
Association Fee
Association Fee Frequency
Association Fee Includes
Real Estate Tax12368.72
Tax Year2027
Assessed Value$1,109,300
Location Information for 55 Memorial Dr, Salem MA 01970
Elementary SchoolBentley
Middle SchoolSaltonstall
High SchoolSalem High School
Neighborhood(s)Ipswich
MLS AreaSalem Willows
Area AmenitiesWalk/jog Trails
Contact Information for 55 Memorial Dr, Salem MA 01970