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Penthouse Trade Sets New Beacon Street Record in Back Bay


The 3-BR, 3.5-BA, 3,038-square-foot penthouse at 187 Beacon Street dropped on the sales market in early July through Shelagh Brennan, bringing with it a private heated garage and a roof deck with a flat-screen as well as a hot tub. As gobsmacking as those flourishes were, all anyone could talk about was whether it would get its asking price of $6,200,000—or some $2,040 and change a square foot. The spread had last traded in May 2014 for $5,300,000, which translated into more than $1,766 a square foot—or the highest price per foot paid for a Beacon Street condo in at least the last 12 months before. Turns out that the penthouse did not command its asking price. The penthouse went in the end for $5,900,000. Yes, that's significantly under its asking. But! It translates into $1,942 per square foot, which is the highest such price paid for a condo along Back Bay's tony Beacon Street in 2014 and 2015 so far. The previous record-holder for that timespan was Unit 3 at 150 Beacon, which traded for $1,792 a foot.
· Can This Back Bay Penthouse Command $2K a Square Foot? [Curbed Boston]
· Floor-Through at 150 Beacon Can't Quite Live Up to Its Buzz [Curbed Boston]
· Our Big Deals archive [Curbed Boston]