Waterfront Properties in Boston Market Update!

Filed under: Battery Wharf, Boston Luxury Condos, Burroughs Wharf, Commercial Wharf East, Harbor Towers, Lewis Wharf, Lincoln Wharf, Luxury Real Estate, Mariner, North End Boston, North End Waterfront Condos, Prince, Rowes Wharf, Union Wharf. • Tags: , . By

2012 Real Estate Stats for Waterfront Luxury Buildings

The local real estate market has been very active during the past six months. Much of this action has taken place here on Boston’s Waterfront. Below, find a table that displays the average price per square foot for some of the more popular buildings along the Waterfront:

Property Avg. Sale $/sq.ft. (past 6 months)
Battery Wharf 915
Burroughs Wharf 1,115
Commercial Wharf 783
Harbor Towers 513
Lewis Wharf 731
Lincoln Wharf 540
Prince Building 657
Rowes Wharf 896
The Mariner 882
Union Wharf 780









Here are some details on our beloved Waterfront buildings:

Battery Wharf:The Residences at Battery Wharf consist of 104  apartments. Battery Wharf is the home of the Luxury

Battery Wharf

Battery Wharf

Fairmont Hotel and enjoys full services, a fitness center, fine dining and Exhale Spa. This property is located on Boston’s Harbor, steps to the historic North End and minutes to Downtown Boston, Faneuil Hall, The Garden and all major transportation points. Battery Wharf, which got its certificate of occupancy in 2008, has only four original units left to be sold.

Burroughs Wharf: Burroughs Wharf, built between 1989 and 1993, is conveniently located at the edge of Boston’s harbor, steps from the historic North End and adjacent to the new Fairmont Hotel. Burroughs Wharf has 69 apartments located in two buildings. Amenities include at least one garage parking space and 24 Hour Concierge. Marina slips are available as well as a water shuttle to the airport. Burroughs Wharf, with its ceiling-to-floor glass windows, is known for its spectacular views of Boston’s harbor and skyline. Burroughs Wharf’s price per square foot currently sits at $1,115/sq.ft., but this does not include a 1573 square foot totally renovated home that is currently under agreement for approximately $1,400/sq.ft.

Commercial Wharf: Commercial Wharf is a five-story granite building consisting of 94 units. Built in 1832 for warehousing to and from the Far East, this property was converted into condominiums in 1978. This property is best known for its purest views of Boston’s skyline and harbor. There is Exclusive-Rights parking. It is also the home for the Boston Yacht Haven, and marina slips are available. Two stunning penthouses recently sold for over $980/sq.ft. This strong activity, coupled with the newly upgraded hallways, has made Commercial Wharf one of the hottest buildings on the Waterfront.

Harbor Towers: Harbor Towers I and II were designed by I.M. Pei in 1972 with an eye toward capturing the finest views of Boston Harbor and the city skyline from each unit. There are 312 units in each of these 40-story buildings with eight units on each floor. Services include 24-hour gated security and concierge, seasonal harbor-side swimming pool, renovated and furnished lobbies and on-site management. Harbor Towers has multiple units that are currently under agreement. When these homes close, the average price per square foot for these towers should experience an encouraging jump.

Lewis Wharf:  Lewis Wharf was built in the 1830’s as a major shipping warehouse and converted to condominiums in 1973. There are 90 residential units on four floors and 41 commercial units on the first two floors. These apartments, reminiscent of their historic beginning, have high ceilings, bricks and beams, and most have fireplaces. Building amenities include 24-hour concierge and security, two elevators, a luxurious swimming pool, beautiful gardens and the only rooftop common laundry room in the city with panoramic views of Boston. Rental parking is available. Lewis Wharf, the first building to be condominiumized along The Waterfront, continues to be a desirable building for any buyer. 

Lincoln Wharf

Lincoln Wharf

Lincoln Wharf: Formerly the MBTA Power Station, this Historic brick Waterfront building was built in 1901 and converted to condominiums in 1987. This lovely elevator building’s amenities include a 24-hour Concierge, a Fitness Center, an interior Atrium, a lending Library, a Function Room and a Harbor-side Garden. Lincoln Wharf, known for its spacious residences and Harbor views, is located on the primary footpath of the Waterfront between Battery Wharf and Union Wharf, adjacent to Burroughs Wharf, and is just a few steps from The Historic North End, Downtown Boston, and all major transportation points. Lincoln Wharf had 16 sales last year and was recently featured on Chronicle for its role as a “recycled” and revitalized building along Boston’s Waterfront.

The Prince Building: Converted to condominiums in 1974, The Prince Building in an elevator building with 42 condominium units with garage parking. This Historic Building was originally built in 1917 and was the site of The Prince Macaroni Company pasta factory. The Prince Building, known for its dazzling views, is situated on the primary footpath of the Waterfront across the street from Commercial Wharf East and Lewis Wharf and just steps from The Historic North End, Downtown Boston, Faneuil Hall and all major transportation points. This dynamic location is also close to the Christopher Columbus Park and The Rose Kennedy Greenway. Many of the East facing homes at the Prince Building feature spectacular Harbor views. Recently, a corner East facing penthouse sold for $668/sq.ft.

Rowes Wharf: The Residences at Rowes Wharf consist of 100 apartments and were built in 1987. They are a unique combination of quality craftsmanship, expansive water views and superb luxury hotel amenities. There is 24-hour concierge services, valet or self-parking, access to the Rowes Wharf health club and pool, and a marina. For the record, the price per square foot last year was $1,063/sq.ft. and was the highest on The Waterfront.

The Mariner: Converted to condominiums in 1984, The Mariner is a concierge building with 105 residential condominiums with garage parking. Formerly one of the waterfront warehouses, this building was meticulously renovated to showcase its maritime history. This property, known for its fabulous views, greenhouse windows and some of the largest decks on Boston’s Waterfront, also has a fabulous common roof deck with 360 degree views of the Boston Harbor and City Skyline. The Mariner is located on the primary footpath of the Waterfront and is across the street from Union Wharf and steps from the newly developed Battery Wharf and The Fairmont Hotel. It is also steps from the historic North End, downtown Boston, the Financial District, Faneuil Hall and all major transportation points. The Mariner features a spectacular home with one of the largest deck/garden on The Waterfront which recently sold for $1,269/sq.ft.

Union Wharf: Union Wharf is considered one of the most prestigious addresses on The Waterfront. These beautiful granite buildings were built in the 1830’s as warehouses and were converted into condominiums in 1978. This prestigious property is best known for its loft-like, brick-and-beam apartments, beautiful landscaping and “residential-like” feeling. This wharf is comprised of two granite buildings and 23 three-level townhouses. It consists of 89 units, of which 71 are residential and the remaining 18 are commercial/residential. These high-end buildings have 24-hour gated parking, full-time, on-site maintenance, a sea-side heated swimming pool, guest parking and marina slips. Union Wharf features a breathtaking penthouse that recently sold for $1,053/sq.ft.


How Much House Does A Million Dollars Buy You?

Filed under: Boston Luxury Condos, Boston Real Estate Market, Boston Waterfront Real Estate Market, CL Waterfront Properties NEWS, Featured For Sale, Prince, Uncategorized, Waterfront Boston. • Tags: , . By

63 Atlantic Ave. #11-E

MSN Real Estate recently posed this question, along with a slideshow of some million dollar properties nationwide – you can read the article here. Carmela Laurella was featured along with her exclusive penthouse listing in the Prince building, listed at $979,000. “(With) the combination of realistically priced homes, all-time-low interest rates and improving unemployment, consumers once again have confidence and feel that it is a good time to invest in property,” Laurella said. “Additionally, we have limited inventory on the waterfront and tremendous buyer demand.”

A million dollars buys you a lot of Prince Building condo in this case. A corner penthouse with a large private balcony facing the Harbor, this is a real value among Boston waterfront properties. Inside, cathedral ceilings and maple floors await, along with floor to ceiling windows, a large kitchen with skylight, and a master bedroom with en-suite bath and breathtaking views of the Zakim bridge and historic North End.

To find out more about this amazing penthouse or any of our other fine Boston luxury condos, contact CL waterfront today.


Paying to Save: How to Cut Your Mortgage Bill

Filed under: Advice for Home Buyers, Back Bay Luxury Condos, Boston Luxury Condos, Boston Luxury Real Estate Market, Boston Real Estate Market, Boston Waterfront Luxury Buildings, Boston Waterfront Real Estate Market, Luxury Real Estate, Waterfront Boston. • Tags: , . By

mortgageMaking just one extra mortgage payment can save you thousands!  Paying extra to save may sound counter-intuitive, but the fact is that just one payment can make a huge difference in the total cost of your home’s mortgage (and also shave years off the payment period!)

To illustrate this, take a look at the following example:

Jill has a $200,000 30 year mortgage with a 6.5% interest rate.  Her monthly payment is $1,264 per month.   This means the total interest paid on her loan will be $255,088.98, leaving Jill with an overall bill of $455,088.98.

However, if Jill has the same mortgage and terms but pays an additional payment of $1264 per year, the total interest paid drops down to $199,098.92 with an overall bill of $399,098.92!   Not only will Jill cut into the amount of accrued interest, but she also reduced the pay off date. 

By just adding an extra monthly payment per year, Jill saved herself nearly $56,000 and paid off her loan 6 years early!


Where Can You Get An Extra Payment?

Paying an extra month per year is a great way to save money in the long run, but for many it can be hard to realigned budgets to make it work.  Paying an extra $1264 per year can be difficult to stomach — especially if you aren’t required to!  However, there are ways to do so without really even noticing you are!

  1. Keep a consistent budget: Most people are paid every two weeks, leaving them with 26 paychecks per year.  For your mortgage, you only need to make 12 payments per year.  If half of your paychecks go towards paying off your mortgage, you are left with two full paychecks that aren’t touched by your mortgage.  These may have once been your “splurge fund,” but if you consistently divide all of your paychecks, you are likely to have an additional month’s mortgage payment on hand without noticing it.
  1. Change your payment schedule: Two times per year, you will be given three paychecks per month instead of two.  These “extra” paychecks can easily be applied to your mortgage.  In fact, many mortgage companies will allow you to set up and use a bi-monthly payment schedule that will withdraw half of your monthly payment every two weeks.  You will be paying 13 payments without ever noticing a drop in your paychecks!  Make sure, however, that your lender allows you to apply this additional amount paid
  2. Whether your real estate dream is a luxury Boston condo or a Boston Waterfront property — now is the time to take the leap! Contact CL Waterfront Properties, LLC today!