530 Beacon was designed by George A. Avery, architect, and built in 1908-1909 for Charles Henry Traiser and his wife, Annie D. (Butts) Traiser. They previously had lived in Newton. He is shown as the owner of 530 Beacon on the original building permit application, dated March 23, 1908, and on the 1908 and 1917 Bromley maps.
530 Beacon was the last single-family dwelling to be built on a previously vacant lot in the residential portion of the Back Bay.
A previous application to build a ten-unit apartment house at 530 Beacon, to be designed by architect Arthur H. Vinal, had been filed by real estate developer and investor Albert Geiger on December 3, 1907. He subsequently abandoned the permit.
Charles Trasier was a cigar manufacturer and dealer in the firm founded by his father, Henry Traiser & Co.
Annie Traiser died in February of 1913. Charles Traiser continued to live at 530 Beacon with their only child, Marion Jeannette Traiser. By the 1914-1915 winter season, they had been joined by his mother-in-law, Susan Angeline (Dunbar) Butts, the widow of James H. Butts.
Marion Traiser married in June of 1915 to Joseph Blake Thaxter, Jr. After their marriage, they lived at 530 Beacon with her father and grandmother during the 1916-1917 winter season, after which they moved to Marblehead.
Charles Traiser married again in July of 1915 to Mrs. Eva Abigail (Pratt) Steele, the former wife of Harry Leon Steele. They lived at 530 Beacon after their marriage. Susan Butts continued to live with them during the 1917-1918 winter season and probably until her death in January of 1919.
Charles and Eva Traiser continued to live at 530 Beacon during the 1920-1921 winter season, but moved to Milton soon thereafter.
In February of 1922, the MIT chapter of the Phi Kappa Sigma fraternity purchased 530 Beacon from Charles Traiser for use as their fraternity house.
The house subsequently was transferred to the Phi Kappa Sigma Trust. Robert D. Farrington et al, trustees, are shown as the owners on the 1928 Bromley map, and H. E. Lobdell et al, trustees, are shown as the owners on the 1938 map.
In June of 1996, it applied for (and subsequently received) permission to renovate the entire house and to add a penthouse.
530 Beacon remained the Phi Kappa Sigma fraternity house in 2014.