It was one of the highest sale prices ever for a home in Boston, the BBJ said.
A limited supply of housing on the market and elevated interest rates have shaped the direction of real estate markets in Boston and other cities across the country.
“I think everybody would have expected the high-end market to be softer last year because of the increases in rates,” Ruth Kennedy Sudduth, vice chair at real estate firm LandVest, said of the Boston market. “And while volumes declined, it’s not clear that pricing really did, right? And that, I think, is a function of inventory constraints.”
Luxury Residential Group’s Nicholas Mattia, the listing agent for 279 Marlborough St., which sold for $16.5 million last year, said there was less of a gap between listing prices and what buyers paid in 2024 than there was in 2023, especially in the existing market.
“Boston is experiencing an unavoidable correction as supply in the luxury market has increased over the last few years,” he said.
People working in the tech and financial sectors tend to be a key demographic for high-end property purchases in Boston, along with international buyers, some of whom are parents who buy homes for their children attending local universities, Sudduth said.
“There’s a whole sort of [group] of people that are attracted to Boston because either they or their kids went to school here, and that … has been a dominant force in the downtown market,” she said.
So, what kinds of ultra high-end properties sold in Boston last year? Here are some examples.
279 Marlborough St., Back Bay: $16.5 million
This single-family property was one of the most expensive homes sold in Massachusetts last year. It changed hands for a cool $16.5 million.
The home, whose listing describes it as a “masterpiece,” boasts 4 bedrooms, 5 full bathroom and 2 half-bathrooms.
“Walls of glass lead to the top floor terrace with outdoor fireplace and postcard views of the Back Bay skyline,” said the listing.
It also comes with an attached garage that can cater for two cars and has an elevator that goes to every floor.
“[It] was built for everyday living, yet perfect for elegant entertaining,” the listing said.
25 Beacon St., Unit 3: $10.975 million
This condo sold for nearly $11 million and is located at “one of Boston’s most prestigious addresses directly overlooking the State House gardens and Boston Common,” according to the listing shared by real estate agent Tracy Campion.
It boasts 3 bedrooms, 3.5 baths and 3,500 square feet of living space.
Some of the amenities include direct elevator access, an on-site garage with valet parking for two cars, 24-hour concierge and a wine cellar.
“To live at 25 Beacon will be to enjoy a Beacon Hill rarity: 21st century comfort in an 18th century neighborhood,” the listing noted.
240 Devonshire St., Unit PH1A: $11.58 million
This penthouse property at the Millennium Residences at Winthrop Center sold for $11.575 million in 2024, according to a listing shared by agent Gregory Agganis.
Located on the 61st floor, it has 3 bedrooms and 4 1/2 baths with “walls of glass in every room with panoramic East-West, sunrise to sunset, harbor, river and city views,” the listing said.
430 Stuart St., PH 3D: $10.4 million
“This home resides on the top floor of Raffles Residences Boston. It is 1 of the 7 penthouses we have in our collection and is the smallest of the collection as well,” said the sales and listing agent Manuel Davis.
The property sold for $10.4 million, and features 3 bedrooms and 2 1/2 baths.
“[It] offers breathtaking views spanning Downtown to the Harbor Islands, enhanced by a 324 [square feet] terrace,” the listing said.
The main bedroom offers two expansive walk-in closets, a spa-inspired 5 fixture ensuite bath, with an oversized soak tub on window, the listing added.
“This home is a statement of sophistication, redefining luxury,” the listing said.
Other Boston properties that sold for more than $10 million last year include a 3-bedroom condo at 222 Commonwealth Ave. that spans three levels. “A stunning roof deck with gas hookups offers sweeping views of Back Bay,” a listing noted.
Meanwhile, a 3-bedroom penthouse at the Mandarin Oriental Residences at 776 Boylston Street went for $12.5 million.
Omar Mohammed can be reached at omar.mohammed@globe.com. Follow him on Twitter (X) @shurufu.