The Back Bay is no stranger to ultra luxury real estate listings, and the penthouse unit at 294 Newbury Street (known as the Providence on Newbury) sets the luxury bar high overlooking Newbury Street shopping and dining.  If the seen and be-seen oasis of the Back Bay’s Newbury Street is right for you, the direct elevator access penthouse unit at the Providence offers high-end living both inside and outside, along with adjacent alley parking.

Originally listed for $5,000,000 on April 15, 2008, the penthouse unit stayed on the market for 132 days before being canceled on August 25, 2008.  At that point, the listing was put back into the Boston MLS system at a new price point of $3,995,000.  The condo appears to be on a month-to-month listing, as it has gone expired and reactivated on the 1st of October, November, and now, December.

We first toured this building in the height of construction in May 2007 (see Providence on Newbury Condos), and the building, and especially the penthouse, has come a long way in fulfilling the developer’s vision.  The hot tub, grill, and audio / video capabilities on the 70+ square foot outdoor deck overlooking Newbury Street caps this unit off.

However, the penthouse unit at 294 Newbury Street currently has some stiff competition in the Back Bay luxury condo market, with nine resale units available at the recently opened Mandarin Oriental.  In fact, on a price per square foot basis, the Providence on Newbury penthouse is more expensive than the three Mandarin Oriental condos under $5 million listed below.

• E-10H 1,437 square feet 2bed 2bath $2,200,000 (1 parking space)
• E-9F 2,557 square feet 2bed 2.5bath $2,554,000 (1 parking space)
• E-11F 1,830 square feet 2bed 2bath $3,050,000 (1 parking space)

Choices abound in the Back Bay, and throughout the city for that matter, allowing buyers to be quite particular about what they purchase.  As it relates to the Providence on Newbury, if a boutique feel and easy access to shopping and dining is a must, as well as the hustle and bustle of downtown life, it’s worth your consideration.

The Providence on Newbury photo immediately below was taken in the May 2007 timeframe, when heavy construction was still ongoing at the Providence on Newbury condominium development located at 294 Newbury Street in Boston’s Back Bay.

Fast forward to the present, and you can see by the below exclusive photo that work has progressed nicely, along with newly planted grass, and the removal of the ugly construction fencing.

The Providence on Newbury is a 7-unit high-end condo rehab project in the heart of Back Bay’s trendy shopping and restaurant row. The grand penthouse was never available due to it being held by a family member of the development team, however, the remaining units have gone somewhat quickly, and a single two-bedroom two-bathroom 1,550 square foot unit remains. Priced at $1,430,000, the unit comes with parking, direct elevator access, subzero/wolf kitchens with an indoor grill, oak floors, marble baths, laundry in unit, central heating and air conditioning, an open floorplan, great condo association with strong initial reserve. and 9 windows on Newbury Street.

Previously sold units in the boutique development are commanding strong sales to list price ratios with Unit 3A, a one-bedroom listing for $565,000 and selling at $569,000, and Unit 2A, a two-bedroom two and a half-bathroom listing for $1,425,000 and selling at $1,400,000.

Condo fees for the remaining two-bedroom unit in this 1885 original construction building are $616. For more information, or to setup a showing, please contact us.

Below are several photos of the very tastefully done Unit 2B, note that the Providence on Newbury has indeed received their Certificate of Occupancy, so this one remaining unit is move-in ready.

A fair amount of the noise on Newbury Street in the Back Bay can be attributed to the progress that is being made at the seven unit luxury development at 294 Newbury Street called the Providence on Newbury. We had the opportunity to stop into the development this week, and work is steadily progressing.

The Providence on Newbury is made up of three buildings on Newbury Street. The ground floor and basement units will house at least three retail clients (no restaurants) , while the upper floors will house four one-bedroom, two two-bedroom, and one penthouse condo, all served via a central elevator.

Each condo comes with at least one parking spot, custom cabinets, marble baths, and high-end appliances. The two two-bedroom units have excellent ceiling heights, and grand views of Newbury Street.

The penthouse unit, priced not-to-sell at $5 million will boast a plasma TV in every room, ultra high-end finishes, and an 800+ square foot roof deck (one of only two Newbury Street roof decks that is right on Newbury, rather than set back off the street slightly) with an eight person hot-tub, four season ecosystem for the green thumb in all of us, full kitchen, and you guessed it, a plasma TV (yes, outside).

Units are slated to be delivered at the end of July 2007. There is only a single one-bedroom unit that remains, and both two-bedroom condos remain for sale. If you are looking to be “in the thick of things” in the Back Bay on the heart of Newbury Street, the Providence on Newbury Condos give you that experience at just over $900 per square foot.