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.

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.

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.

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:

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

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.