A custom-built contemporary home in Fall River, Massachusetts, has recently sold for $1,390,000, making it one of the area's most significant residential transactions this week. The property, located at 1040 Dickinson Street, features direct waterfront access and panoramic views of South Watuppa Pond.
Constructed in 2003, the residence was designed to maximize its prime location. The sale highlights a growing demand for luxury properties in the region, particularly those offering unique natural settings and high-end amenities.
Key Takeaways
- A waterfront home at 1040 Dickinson Street in Fall River sold for $1,390,000.
- The property, built in 2003, offers unobstructed views of South Watuppa Pond.
- Key architectural features include a full wall of windows, French Oak flooring, and extensive crown molding.
- The sale indicates a strong high-end segment within the local real estate market.
Details of the High-Value Transaction
The sale of the Dickinson Street property represents a notable event in the Fall River real estate market. The final price of $1,390,000 places it in the top tier of residential sales recorded in the city recently. Such transactions provide a valuable benchmark for property valuations, especially in desirable waterfront areas.
The home's value is derived from a combination of its location, modern construction, and luxurious interior details. According to property records, the home was custom-built, suggesting a high level of attention to detail and quality of materials, which are key drivers for sales in this price range.
The South Watuppa Pond Location
South Watuppa Pond is the larger of two ponds that serve as the primary water supply for the city of Fall River. Covering an area of approximately 1,777 acres, it is a major recreational and scenic asset for the community. Properties with direct frontage on the pond are limited and highly sought after, often commanding premium prices due to their views and access to water-based activities.
Market Context for the Sale
While the broader real estate market has seen fluctuations, the luxury segment often operates on different dynamics. The sale of 1040 Dickinson Street suggests that well-positioned, high-quality homes continue to attract significant buyer interest. This transaction could influence asking prices for other premium properties in Fall River and the surrounding towns.
Real estate analysts often point to such sales as indicators of confidence in a local market. A willingness to invest nearly $1.4 million in a single-family home reflects a positive perception of the area's long-term value and quality of life.
Architectural and Design Highlights
The property was specifically designed to integrate with its natural surroundings. The contemporary architectural style emphasizes clean lines and large open spaces, allowing the waterfront views to be the central focus of the home.
An Interior Focused on Scenery and Light
One of the most prominent features of the home is a full wall of windows facing South Watuppa Pond. This design choice floods the interior with natural light and ensures the scenic landscape is visible from the main living areas. This connection between indoor and outdoor space is a hallmark of modern luxury design.
The interior is further distinguished by several high-end finishes that contribute to its overall value. These include:
- French Oak Flooring: Known for its durability and timeless appeal, this type of flooring adds warmth and elegance.
- Stately Columns: These architectural elements provide structural support while also creating a sense of grandeur and defining spaces within the open floor plan.
- Crown Molding: Extensive crown molding throughout the home is a classic detail that signals quality craftsmanship and adds a finished, polished look to rooms.
What Makes a Home 'Custom-Built'?
A 'custom-built' home is designed and constructed for a specific client on a specific piece of land. Unlike a production home, the floor plan, materials, and finishes are unique. This process allows for features tailored to the owner's preferences and the lot's characteristics, such as optimizing window placement for the best views.
The Appeal of Waterfront Living in Fall River
Properties located on bodies of water like South Watuppa Pond consistently rank among the most valuable in any real estate market. The appeal is multi-faceted, combining aesthetics, recreation, and a sense of exclusivity.
"Waterfront properties are not just homes; they are lifestyle investments. The daily experience of living by the water, from the views to the recreational opportunities, creates a value that goes beyond square footage and amenities. This sale is a perfect example of that principle at work."
Recreation and Quality of Life
Direct access to a body of water like South Watuppa Pond offers residents opportunities for boating, fishing, kayaking, and other activities. This recreational aspect is a major draw for buyers seeking a home that also serves as a private retreat. The tranquility and natural beauty associated with waterfront living contribute significantly to a higher quality of life, which buyers are often willing to pay a premium for.
Investment and Scarcity
The limited supply of waterfront land ensures that these properties tend to hold their value well over time. Scarcity is a fundamental driver of real estate value. With a finite amount of shoreline, properties like 1040 Dickinson Street are part of an exclusive category, making them a relatively secure long-term investment. This inherent scarcity helps insulate them from some of the volatility seen in the broader market.
Implications for the Local Property Market
A sale of this magnitude sends ripples through the local real estate ecosystem. It serves as a new comparable property, or "comp," that real estate agents and appraisers will use to price and evaluate other high-end homes in the area, particularly those on or near the water.
This could lead to an upward adjustment in the valuation of similar properties, potentially encouraging other owners of premium homes to list their properties. It also signals to developers and builders that there is a confirmed market for luxury new construction in Fall River, possibly spurring further investment in high-end residential projects.
Ultimately, the sale of this impressive waterfront home for nearly $1.4 million is more than just a single transaction. It is a reflection of the enduring appeal of waterfront living and a strong vote of confidence in the value of premier real estate in Fall River.
