Real Estate News

The latest news about the residential real estate market in Boston and the surrounding areas

Pier 4 Penthouse Sells for Record Number

pier 4

The homes at Pier 4, the Seaport’s premiere luxury condominium, are now closing and ready for occupancy. The Penthouse homes at Pier 4 have sold for prices that had only previously been achieved in Back Bay and Beacon Hill, redefining the geography of Boston’s luxury condo market. One residence that has closed in the Penthouse Collection sold for $15,231,920 and achieved a record-shattering price per square foot of $4,180. As of June 2019, no other residential sale in Boston has ever closed for over $4,000 per square foot.  So what are some of the features of these amazing homes in the Penthouse Collection?

Each has its own uniquely designed feature staircase leading to an expansive private roof terrace, equipped with a fully appointed kitchen – perfect for entertaining this Fourth of July

A full-height 99-bottle wine fridge – let your inner sommelier free

Soaring 10’5” ceiling – plenty of room for art and furniture that fits your tastes

Gas fireplaces – ideal for colder winter months

Private balconies with captivating views

Indulgent soaking tub for rest and relaxation after a long day of exploring all that the Seaport has to offer

Another home that sold in Pier 4’s Penthouse Collection also achieved $4,180 per square foot and sold for over $13 million. To put these sales in perspective, the highest sale in Back Bay in 2019 did not cross the $2,700 per square foot threshold. These record sales at Pier 4 showcase the value of new waterfront homes in full service buildings versus inventory in Back Bay and Beacon Hill that has aged and is not fully amenitized.

Missed your chance to tour these amazing homes? Luckily, there are still a few penthouses available, just in time to move in this summer! Register on our website and book an appointment today.

Leave a Reply

Your email address will not be published. Required fields are marked *