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Mandarin Record-Contender Trades for Less Than in 2011

When Unit 12WB at the Mandarin Oriental dropped back in August, it seemed poised to set a sales record for at least Boston condos, if not for Boston homes in general. The 4,922-square-foot, 3-BR, 2-BA spread with "abundant built-in wine storage" was asking a cool $13,500,000, after all, in a market noted for its over-asks. Then the price was chopped a bit.

The November chop seems to have done the trick as the spread soon went to contract. It closed March 8 for $11,950,000, a million and change off the original could-a-been-a-contender asking price. Still, nothing to sneeze at. Or is it? Unit 12WB last traded in June 2011 for $12,200,000. Hmm...
· Listing: 776 Boylston Street, #12WB [Campion & Co.]
· There Will Be No Boston Record for Mandarin Spread [Curbed Boston]
· Not a Summer Fad: Over-Asks in the Hub's Condo Market [Curbed Boston]
· Our Big Deals archive [Curbed Boston]

Mandarin Oriental, Boston

776 Boylston Street, Boston, MA 02199