Which property would you buy for $5 million and change?
With the news that a newly listed 3,000 sq ft Boston condo found a buyer in 8 days , I found myself wondering what one could buy in Essex County for that money.
Here are a few current listings: which one would you buy?
Beverly Farms:
Gated oceanfront family compound on 1.75 acres with sweeping vistas of offshore islands and the far reaching coast line. 7,668 sf main house and a 5 bedroom guest house with a large garage with a 2 bedroom apartment above. $5.25 million.
Oceanfront, beachfront Greek Revival Estate sited on an elevated lot on West Beach in Beverly Farms. ” Several servants rooms and baths are on the third level”.9,538 sf on 1.8 acres. $5.5 million.
Marblehead
A magnificent waterfront estate overlooking Marblehead Harbor with 180 degree views of the North Shore coastline. Features a completely renovated residence with 220’ of frontage on Marblehead Harbor, a state-of-the-art, 16 x 50 foot deep-water dock and float, and a buildable lot. 5,662 sf on 0.6 acres. $5.3 million.
Two residences, including a 4 bedroom carriage house, on the tip of Marblehead Neck. Truly magnificent views of Marblehead Harbor to Boston Harbor from the 47′ tower and every room. A private beach beckons for swimming and kayaking. Combined 7.074 sf on 0.8 acres. $5.85 million.
Swampscott
Over 10,000 SF of open floor space waiting for the sophisticated buyer to make it their own. Gunite infinity pool would appear to flow into the ocean. 0.8 acres. $5.3 million.
This south-facing, stucco, five-bedroom, seven-bathroom contemporary is situated on an elevated site offering a complete sense of privacy with sweeping views of the Atlantic Ocean, Marblehead Harbor, Marblehead Neck, Nahant, the South Shore and the Boston Skyline. 8,023 sf on 1.4 acres. $5.95 million.
Here’s a table showing the price per sq/ft. of the various properties
Source: MLS, Oliver Reports
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
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