Most Expensive Boston Condo Sold (October)

Would it be surprising to know that there have been ten (10) Boston condos that have sold in the last two (2) months for more than $2,000,000 a piece?  As Boston enters the fall market, the most expensive condo sold in the month of October sets a high bar.  Penthouse unit 21K at the Intercontinental Boston Condo Development sold on October 28, 2011 for $6,000,000

After being on the market for 295 days, with a starting listing price of $6,450,000, the 4,752 square foot duplex broke the $1,200+ price per square foot mark in the Waterfront neighborhood of Boston.

Intercontinental Boston Condo Development

Listed for sale by Jeffrey Goldman of Otis & Ahearn, Goldman describes the listing:

Walking into the 1100 square foot living/dining room of this magnificent four bedroom plus study Penthouse is breathtaking! The spectacular vews of Boston Harbor, 10′ high ceilings, gas fireplace and 500 square foot private roof terrace, make this a rare offering on The Waterfront! Each bedroom, has an en-suite bath and the kind of closet space one can only dream about! With the best concierge services in the city and all the amenities of The InterContinental Hotel at your fingertips!

Interested in making the ultra luxury condo-hotel development home, there are currently 4 units for sale in the building – search all Intercontinental Boston condos for sale.

Intercontinental Living Room Boston

Intercontinental Boston Kitchen

Boston Condo Hotels: Intercontinental

Condo hotel developments, where a single development houses a hotel as well as condo residences, continue to leave their mark on the Boston skyline.  Forerunners in the Boston condo hotel space include the residences at the Ritz Carlton, the Four Seasons, and Rowes Wharf, when in the 1980s, they brought five-star hotel living amenities to downtown residential condos in a tidy and sleek package.  The Boston Intercontinental hit the scene in 2006 with 130 condos that sit above 424 contemporary hotel rooms, enclosed in modern shiny glass along Boston’s Waterfront, approximately 200 yards from the Fort Point Channel’s Boston Tea Party site.

Almost 90% of the Boston Intercontinental residences at 500 Atlantic Avenue have been sold since opening to residents in 2006, and a large handful of developer units, as well as some resales, are currently available for sale.  Construction began on the Intercontinental in late 2004, when there was only a handful of condo hotel developments in Boston. Since that time, we’ve seen several more announced to the market and/or delivered, including, the Mandarin Oriental, Battery Wharf, and the Boston W Hotel.  The Intercontinental boasts a unique location along the Fort Point Channel nestled up against the newly opened Greenway and the bustling Financial District – both the hotel and residences make for an excellent home base for business travelers and financial services workers respectively.

Boston Intercontinental Residences

While some selective slowdowns have occurred in the Boston ultra luxury market, the Intercontinental has held a steady course, and has demonstrated signs of resiliency from a price per square foot perspective over the past 6 months. Over the past twelve months, 16 condos have sold at the Intercontinental:

Condos Sold (Past 12 Months): 16
Average Sales Price: $1,843,418
Median Sales Price: $1,597,000
Average Price per Square Foot: $922
Average Days on Market: 170

Over the past three months, units seem to be lingering longer on the market, but price per square foot in the building has edged up – this may be a function of the fact that the 3 units that did sell were some of the largest and most prestigious units in the building.

Condos Sold (Past 3 Months): 3
Average Sales Price: $2,978,333
Median Sales Price: $2,935,000
Average Price per Square Foot: $982
Average Days on Market: 290

Part of the approximate $1,000 price per square foot values that the Intercontinental is commanding is attributable to the level of service that residents enjoy.  Luxury services include a 24-hour concierge, spa, fitness center, room service, pet-care, and valet parking – as a resident, many of these services are paid for on a continuing basis through monthly HOA fees that average approximately $1.28 per square foot.

There are currently 22 condos for sale at the Intercontinental, with the following statistics:

Condos for Sale: 22
Average Sales Price: $1,633,036
Median Sales Price: $1,175,000
Average Price per Square Foot: $971
Average Days on Market: 178

The least expensive condo for sale in the development is a 421 square foot studio priced at $369,900, and the most expensive currently is the 4,700+ square foot 4+ bedroom penthouse listed at $6.45 million.  8 of the 22 units for sale are under $1 million, while the remainder are over.

Luxury Intercontinental Condo-Hotel Residences

We had the opportunity to tour Waterfront and Midtown properties with John Keith yesterday. Of specific interest was the luxury condo-hotel Boston Intercontinental Residences nestled in between the Rose Kennedy Greenway and the Fort Point Channel.


There are currently 17 units available at the ultra-luxury Intercontinental condo development, built in 2006 – the development houses 130 residences with their own separate (from the hotel) multi-room lobby and 24 hour concierge. Residents are pampered with calm sophistication throughout the development, and the views of both the now green Rose Kennedy Greenway, and the Fort Point Channel, complement the units nicely (see the exclusive photos below).

View from Boston Intercontinental Residences

For Point Channel View from Boston Intercontinental Residences

The 17 units currently available at the Boston Intercontinental are priced from $369,900 to $3,950,000, and range in size from a 421 square foot studio to a 3,020 square foot 3-bedroom 4.5 bathroom duplex. Deeded parking (a coveted asset in the Waterfront / Financial District area) is included with most units, except the studio, and HOA fees run approximately $1.15 per square foot – bear in mind that condo residents have full access to all hotel amenities, including room service, the pool, etc.

For a full listing of units: Current Boston Intercontinental Listings (13.4 MB PDF)

Views are commanding in most units, offering residents either a city center skyline view, or the more calm Fort Point Channel and Seaport District view. For those who want a second home steps from the Financial District, to empty nesters who want every need pampered, the Boston Intercontinental has a lot to offer every demographic. For more information about buying or selling at the Intercontinental, please contact us.


Boston Intercontinental Condos Featured Open House

For an up to date look at condos for sale at the Intercontinental Boston, contact us using the link at the top of this page.

If you have picked up a Boston Homes newspaper anytime in the past year, you have more than likely seen the ad the Intercontinental runs on the inside cover page (not a cheap undertaking) every single week. We’ve been writing about the hotel-condo luxury residences at the Intercontinental (see Boston Condo Blog Intercontinental posts), but it’s about time we included them in the mix on our weekly Featured Open House.

This week, Unit 16, at the Boston Intercontinental will be held open at 500 Atlantic Avenue. The unit features 1,132 square feet, one bedroom, and two bathrooms, and includes one deeded garage parking space (parking is a luxury along the Waterfront). The unit is priced at $965,000 ($852 per square foot), and carries a $913 HOA fee – you get a fair amount in that fee, from storage to hotel services. Unit 16 has been on the market for only 11 days.

There are a total of 14 units available at the Intercontinental, a mixture of developer units, and resale. The open house at Unit 16 will take place on Sunday, January 13, 2008 from 12:00 PM to 1:00 PM (it’s a tight time slot, so plan accordingly). For more information about Boston condos at the Intercontinental, please contact us.

Boston Intercontinental Condos

Boston Intercontinental Condos

Boston Intercontinental Condos

Boston Intercontinental Condos

Condo Prices at InterContinental Boston

How would you like to enjoy the comforts of a home, but the amenities of a hotel? It’s been called the “Manhattanization” of Boston, and the trend is definitely not stopping any time soon. Boston is home to a host of what are known as condo-hotels, a combination of (typically) a five-star hotel with condo residences. The Boston Intercontinental is probably the most recent to open, and it will soon be followed by Battery Wharf (Regent Hotel), and then by the Boston W Hotel & Condos.

The Intercontinental is in a prime location, adjacent to the almost sprouting Greenway, overlooking Boston Harbor and the Fort Point Channel, and a horizon that includes the bustling Seaport District of Boston.

Boston Intercontinental residents have not been disappointed with the amenities, from high-end kitchens, to great light through floor to ceiling windows, not to mention all of the services the hotel provides – it’s a “valet lifestyle” (you heard it here first).

According to the Boston MLS, there are 10 condos remaining at the Intercontinental: View Boston Intercontinental Pricing Details. All of these units do include one deeded garage parking space in the heated underground garage.

For more information about the Intercontinental Boston Condos, feel free to contact us.

Luxury Boston Waterfront Condos

Boston never ceases to amaze, as the craze for ultra luxurious living options continues to mount in Boston, especially along the Waterfront. The InterContinental Residences and Battery Wharf Condos are no slouches when it comes to catering to your every desire.

The Battery Wharf Condos are back on track for 2007 completion, and they are looking nice – especially considering its full service spa and on-site chef! It’s been said that these condo / hotel combinations (Battery Wharf being affiliated with the Regent Boston hotel) highlights service as part of a living environment (at a cost though).

Battery Wharf Condos

From great Boston Harbor views to luxury hotel amenities at your fingertips, Boston is pushing the $1,000 per square foot mark with The InterContinental Residences, which are built on top of the new InterContinental Hotel on Boston’s Waterfront near Fort Point Channel.

InterContinental Boston Residences

Is Boston simply trying to catch up with New York? A recent Boston Globe article called The Manhattanization of Boston quotes the following:

“The Boston market typically tracks the New York market by a three- to four-year delay, says Brian Fallon, developer of the new InterContinental Boston Hotel and Residences at the InterContinental, which opened in November. It is really only this last round of projects that have had a fully edited, refined design sense relating to the interior, coupled with full services akin to a five-star hotel.”

It’s great to see so much development happening all across the city, the investment into beautification of undeveloped and/or distressed areas fuels positivity – at MassInc’s most recent Real Talk forum, Boston Police Commissioner Davis spoke about “order” in a community, and the positive effects of that, and these Boston condo developments assist in fostering that order.