CL Properties represented both the Buyer and Seller, bringing this Listing to Close at $1,559/sq.ft!
When you want the most luxurious place to live in Boston, look no farther than the waterfront area. The charming properties lining the waterfront on all sides of downtown Boston bring you the best in luxury living, top location, and a great view of the Boston harbor lit up every night. Look in a few areas to find the right property to purchase in Boston so you can enjoy the best the city has to offer in dining, neighborhood attractions and modern living.
Back Bay luxury apartments and homes are situated in a great location, just off the Charles River and near plenty of Boston attractions. Living in Back Bay, you will be just a few minutes’ walk away from historic Copley Square, which is home to Old Trinity Church, the Boston Public Library and the John Hancock Tower, which is the tallest skyscraper in New England.
If you would like to be within a stone’s throw of the Massachusetts State House, check out Beacon Hill real estate. The area is the most desirable in Boston, with a great view and plenty of shopping and entertainment. The federal-style rowhouses will charm you with their old-world character and high-end renovations.
For the best waterfront views, North End is the place to be. This neighborhood, situated just north of downtown, features the historic Paul Revere House and the Old North Church, but has all sorts of modern amenities as well. North End condos are in easy walking distance of over 100 restaurants and have a great view of several wharfs along the Boston waterfront.
Just south of North End, you will find Rowes Wharf, a strip of luxury residences, restaurants and hotels on the water just east of downtown Boston. Living here, you will have great waterfront views and access to the best that Boston has to offer, including a floating stage with concerts during the summer.
Represented by Carmela Laurella & Dave Costello, the Manny Ramirez family’s ultimate 4 bed, 5.5 bath penthouse on Boston Common is closing today and represents the 3rd most expensive condo sale in Boston this year.This 37th floor residence overlooks the Public Garden, Charles River, Back Bay and beyond. Oversized living room with marble floors, gas fireplace and floor-to-ceiling windows with city & park views. Formal dining room with custom built-ins & lighting and direct views down the Back Bay. Open kitchen with breakfast area leads to one of Boston’s highest private decks with over 500 sq/ft and views of Beacon Hill, Back Bay, South End & Harbor. 1,100+ sq/ft master suite with 2 bathrooms and 7 custom closets. Large guest bedroom with marble baths en-suite, custom closets and stunning views. Doorman, Valet, Concierge and world class hotel services provided by the Ritz Carlton.
Boston’s Downtown Condo Market is booming this year. The overall median price for Boston rose by 10.2 percent to $487,000 this year, while luxury building prices rose 13.1 percent to a median of $735,000. Both of these metrics are only about $15,000 shy of 2008 peak prices just before the financial crisis frightened buyers.
Although these numbers seem good, citywide home sales in Boston have declined by 10% since last year. The increase in both medians is likely due to the 26.8 percent increase in high-priced luxury condominium sales, most of which are in the downtown Boston area. Another major factor allowing prices to increase while sales decrease is that there is simply less supply, giving sellers more power in the market. Debra Taylor Blair, president of the Listing Information Network, a Boston company that tracks the city’s downtown condo market, presented the idea that “Sellers can rent their properties out and more than cover their mortgage.” This at least partially explains home-owners’ reluctance to sell, and points to positive trends in market confidence despite the sales decrease.
John Ranco, a broker with the South End’s Hammond Residential Real Estate, also pointed out that much of last year’s sales were driven by federal home buyer tax credit. These incentives mainly affect first-time home buyers, and therefore lower-priced sales. Again, this helps explain 2011’s lower sales quantities but higher prices.
To read more about Boston’s booming real estate prices, visit Boston.com’s article at http://articles.boston.com/2011-07-26/business/29817026_1_condo-market-condo-prices-debra-taylor-blair.
Posted by: Dave Costello
CL Waterfront Properties has another spectacular penthouse in a luxurious Beacon Hill building under agreement.
This large 1+ bedroom luxury home with a study boasts 11 foot ceilings, over-sized windows offering great city views, and hardwoods throughout.
The kitchen has limestone counters, stainless GE appliances, gas cooking, and a breakfast bar.
The large, sunny bedroom has plenty of closet space! The study makes the perfect for home office, den or guest room. This Beacon Hill condo has a pristine bathroom with limestone tiles, two additional storage spaces, and a wash/dryer included.
One Garden Place, the luxury building this residence is located in, is pet-friendly, with elevators to bring you to your home, or the huge common roof deck above!
If you want help finding the perfect luxury home in Beacon Hill, or need help selling or renting your Beacon Hill home, contact CL Waterfront Properties today!