Renovated Beacon Hill Condos at 73 Myrtle Street

Behind the Beacon Hill ordinances and regulations that extensively protect the historical integrity of neighborhood home exteriors, Bostonians would be surprised to know that interior renovation work is constantly happening inside the stately residences in one of Boston’s most premier neighborhoods.  The most recent addition to the Beacon Hill neighborhood is the complete interior renovation of the five units at 73 Myrtle Street, which have been listed for sale at prices ranging from $639,000 to $879,000 (average of $776 per square foot).

The building is comprised of a garden level 3-bedroom 2.5-bathroom duplex with its own private entrance, as well as four 2-bedroom 2-bathroom units with the penthouse capped with its own exclusive roof deck.  The gut renovation to the building at 73 Myrtle Street was completed over a period of 10 months by Zamok, Inc., a local real estate investment and development company. Zamok has been doing condominium developments in the Boston area for approximately 6 years, and recently branched out to a luxury single family development in Wellesley, MA.

While new projects, especially townhome and smaller condo developments, continue to be brought to market, developers are working on projects that can easily be distinguished amongst the available downtown Boston inventory.  “Buyers, in general, prefer renovated properties over those that need work. There is nothing else on the market on Beacon Hill right now that compares in terms of level of renovation and pricing to 73 Myrtle Street.  The 73 Myrtle Street units offer a buyer the opportunity to purchase a home that is move-in ready,” says Pauline Donnelly, Vice President of Coldwell Banker Residential Brokerage at 48 Charles Street, who represents the property as the exclusive Listing Agent.

When asked if there was apprehension on the developer’s part in approaching a gut rehab project in the current market, Donnelly stated,”A developer has apprehension about a new project in any market.  However, 73 Myrtle offers a quality product within reasonable price points and with attractive listing prices.  The Beacon Hill sales market is one of the most robust in the state and typically properties in this neighborhood hold their value more than other areas.”

The units at 73 Myrtle Street feature kitchens with granite countertops, stainless steel appliances, and gas cooking. Each unit includes a master bedroom suite with a walk-in closet. Additional features include central air conditioning, recessed lighting, and a washer and dryer hook up.

According to LINK, one of Boston’s to MLS systems, the average price per square foot for sold listings on Beacon Hill in the past six months has been $716, with an average days on market of 126.

73 Myrtle Street Beacon Hill

73 Myrtle Street Living Room

73 Myrtle Street Kitchen

73 Myrtle Street Bathroom

73 Myrtle Street Roof Deck

Boston Roofdeck Infinity Edge Pool

It’s been listed for just over 70 days now, and is currently the most expensive single-family listing for sale in Boston proper. At $14,950,000, it has to offer something unique, and unparalleled in the heart of the city, right? 74 Beacon Street doesn’t disappoint. Regardless of whether or not the interior finishes are your style (all high-end, oftentimes in a palatial sense), the rooftop deck is what literally caps off this home and makes it perhaps the most unique in Boston at the moment.

Situated just west of Charles Street on the north side of Beacon Street, 74 Beacon Street is an 8,450 square foot residence spread over 6 floors that offers 6 bedrooms, 6 full bathrooms, 3 half-bathrooms, 8 working fireplaces, and an elevator that services all 6 levels. Parking, which is a coveted item when looking at Beacon Hill homes,  is included.

But onto the roofdeck, which again, where the 74 Beacon Street Boston Developer equipped this townhome with perhaps the most unique private roofdeck in Boston. What specifically does this home have that others don’t? A roofdeck infinity edge pool that provides panoramic views of Boston Common, the Public Garden, and the exceptional skyline. It’s a rarity for a full-blown condo development to offer a pool, so this private single-family residence is in a league of its own, and it’s well worth the elevator ride or climb up to the roof. For more information, and further photos, contact us.

Boston Rooftop Infinity Edge Pool

Boston Rooftop Infinity Edge Pool

Further Price Changes at Claflin Building

The residences at 20 Beacon Street, otherwise known as the Claflin Building, saw further prices changes after last week’s $500,000 reduction (see $500K Price Reduction on Claflin Penthouse), which coincidentally, turned into a $600K reduction.

The remaining units at the Claflin all received price reductions, from $100K to $200K. Price per square foot in units now run between $820 to $1,089.

  • 20 Beacon Street U:3 with 2,310 square feet, new price: $1,895,000
  • 20 Beacon Street U:4 with 2,343 square feet, new price: $2,074,000
  • 20 Beacon Street U:5 with 2,343 square feet, new price: $2,195,000
  • 20 Beacon Street U:PH with 3,672 square feet, new price: $4,000,000

For more information, or to setup a showing, please contact us using the link at the top of this page.

$500K Price Reduction on Claflin Penthouse

We’ve run several stories on the famed Beacon Hill Claflin Building (for the most recent, see Featured Open House at 20 Beacon (Claflin) and Beacon Hill Claflin Building Gets New Prices), and the multi-million dollar penthouse unit, on the market now for a total of 540 days according to the Boston MLS has just underwent a price reduction of $500,000, taking it from $4.6 million down to $4.1 million. At press time, prices on the other 3 units in the development remained unchanged.

A three-bedroom, three-bathroom trophy residence, the Claflin’s 3,672 square foot penthouse (priced at $1,116 per square foot) at 20 Beacon Street is worth your consideration if you are in the market for a very high-end luxury downtown home – a stone’s throw from the new City Hall and Boston Common, a Beacon Hill masterpiece revitalized for the 21st century.

Beacon Hill Condos

The narrow cobblestone streets of Beacon Hill, historic homes, and quaintly tucked-away brick rowhomes make this neighborhood one of the stateliest in all of Boston. Old school, high-end, classy shopping and eating are standard fare on Beacon Hill, the last of the three original hills of Boston.

For 2007, condominium sales statistics on Beacon Hill were:

Lowest Price: $219,500
Highest Price: $4,700,000
Median Price: $497,000
Average Price: $702,346

We wanted to take a look at what you can get for your money on Beacon Hill, and what better way than to spread the gamut from cheapest to most expensive currently available condos.

Cheapest Beacon Hill Condo

Currently, $225,000 will get you 285 square feet at 60 Myrtle Street (Google Map) in the heart of Beacon Hill. It’s a two room studio unit that, for 285 square feet, is laid out quite well. It’s one in a 10-unit building, with a $167 HOA fee that provides heat, hot water, gas, water, master insurance, and snow removal. Full unit details (2.7 MB PDF)

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Most Expensive Beacon Hill Condo

There are two units on Beacon Hill that are close to the $7 million mark, and 8 Walnut Street (Google Map) edges out 5 Byron Street to take the current crown as most expensive condo currently available on Beacon Hill. Listed at an even $7 million for 3,920 square feet, this is a five-floor four-bedroom four-bathroom (15 room) luxury residence only steps from Boston Common. 1 deeded parking space is included. Full unit details (2.01 MB PDF).

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For more information about Beacon Hill condos, both low and high priced, feel free to contact us.

Beacon Hill Claflin Building Gets New Prices

We began giving coverage to the Claflin Building, a luxury boutique development on Beacon Hill, back in June of 2007. The four-unit development hit the market with some gusto, but the multi-million dollar units failed to move off the market, and were eventually canceled out of the Boston MLS in late October, along with a reshuffling of listing agents by the developer.

As of January 2, 2008 (happy new year), the units are being placed back on the market with updated pricing. Price per square foot on these units range anywhere from $887 to $1,252. The discerning Buyer who desires a classic Boston location is being targeted, and the property steps up with unparalleled views of the State House, and proximity to Boston Common.

Here’s a look at what happened to prices at the Claflin Building:

  • Unit 3, at 2,310 square feet moved down from $2,395,000 to $2,050,000
  • Unit 4, boasting 2,343 square feet, went from $2,495,000 to $2,225,000
  • Unit 5, also with 2,343 square feet, was reduced from $2,550,000 to $2,395,000
  • The 3,672 square foot penthouse unit moved in price from $4.4 million to $4.6 million

The Claflin Building (which is now also being called the Residences at Twenty Beacon) was originally built in 1873, converted to condominiums in 1980, and fully renovated in 2007. The exposure tips and tricks outlined in a recent post on Penny Savings Bank should be considered by the new marketing team for the Claflin Building (see What’s Happening at Penny Savings Bank?). For more information on this development, contact us.

Luxury Beacon Hill Condos

Curious as to how far your dollar will go on the exclusive Beacon Hill neighborhood of Boston? We looked at the most expensive home in Boston that sold over the past week, and not surprisingly, it was on Beacon Hill.

34.5 Beacon Street Unit 17 sold for $3,800,000 after being on the market for only 44 days (granted, it was temporarily pulled off the market during the slow month of January). This high-end luxury Beacon Hill condo features 3 bedrooms, 3 bathrooms, 3 fireplaces, and sits on the 8th floor.

The private roof deck provides stunning city views, however, the $3,600 per month HOA fee for just over 3,000 square feet of living space is on the high side (valet parking, elevator, etc. is included). Beacon Hill is no stranger to high-end developments for discerning buyers, take the newly renovated Claflin Building for example.

For photos of 34.5 Beacon Street Unit 17, with a price tag of $3.8 million, see the below:

Luxury Beacon Hill Condos

Luxury Beacon Hill Condos

Luxury Beacon Hill Condos

Luxury Beacon Hill Condos

Luxury Beacon Hill Condos

Claflin Building Condos at 20 Beacon Street

Renovation of the Claflin Building at 20 Beacon Street is approaching completion, with an expected delivery date of July 2007.

Claflin Condos

The development includes three condominium flats at 2,400 square feet each, and one spectacular penthouse duplex boasting 4,000 square feet and a private roof deck overlooking the Back Bay and the State House. You’ll be steps away from The Federalist and Scollay Square restaurants, and your morning coffee can be had at the Capital Coffee House (the paper plates might keep you away, but they do make a mean French Toast).

These custom built condominiums will be outfitted with extremely high-end finishes, custom created chef kitchens and breathtaking architectural details. All residences at the Claflin Building include garage parking. Prices range from $2.395 million to $4.6 million.

Please contact us for more information, or to setup a showing.

Claflin Condos

Boston Beacon Hill Condos – Market Statistics

It’s rather surprising to take a look at last week’s sold property statistics for Beacon Hill Condos and see that there were only three (3) properties that went into sold status. Let’s take a look at the numbers:

Lowest Price: $299,000
Median Price: $316,500
Highest Price: $2,082,500
Average Price: $899,333

Average Days on Market (DOM): 213
Sales Price / Listing Price Ratio: 98%

Start Date: 03/18/2007
End Date: 03/24/2007

The Average Days on Market number is ballooned mainly because the Beacon Hill mansion that sold for $2 million sat on the market for 302 days before selling.