What you can get for about $7 million or more

luxury housing

“Is the so-called ‘billionaire tax’ driving wealthy buyers out of the state?

The first in a two-part series on the luxury goods market. Next week is suburban luxury.

The luxury real estate market is quiet in the months leading up to the presidential election.

“The election put a pause on what was a busy $5 million to $10 million market in 2024,” said Maggie Gold Seelig, founder of MGS Group Real Estate in Boston.

After a week, it’s back to business, regardless of who won. Bill Gehan, a real estate agent with Campion & Co. in Boston, noted that buyers and sellers reentered the fray in December, making and accepting offers well in advance of the holiday season.

Asked about the impact of Massachusetts’ “millionaire tax,” another political theme that imposes an additional 4% on taxable income over $1 million, brokers said buyers still own the property. However, he said that some investment amounts may be reduced slightly.

A small number of buyers are reconsidering where they spend the majority of their time with their families. “If Boston is not a true hub, someone who was spending $10 million may now spend $8 million, and someone who was spending $15 million may spend $12 million,” Seelig said. . “At the end of the day, people who want to live in Boston don’t care about taxes.”

Beth Dickerson of Gibson Sotheby’s International Realty in Boston also observed subtle changes. “Empty nesters who are downsizing from Weston or Wellesley may purchase two homes, one in Boston and one in another location where they can establish a home.” said Dickerson.

Regardless of your budget, well-equipped condos are in high demand in Boston’s historic district. Many agents cited Raffles Boston in the Back Bay as this year’s big success story. The building attracted a wide range of buyers. Some are combinations of multiple units.

However, not everyone wants that level of service. “Empty tenants moving into town are looking for an intimate atmosphere that is close to their homes in Brookline and Weston,” Seelig said. “A doorman or concierge to help with grocery shopping or baggage is important, but otherwise they prefer a more private experience.”

Luxury properties like this, especially those with garage parking, three or four bedrooms, and one floor of living space, are hard to come by, and Gehan says most buyers in this price range is what you would expect.

“We get a lot of calls from agents who have clients who want a doorman building but don’t want to live in a high-rise building,” Dickerson said. What was her reaction? “Good luck.”

Here are four luxury properties for sale in Boston and Cambridge for almost $7 million or more.

Cambridge | Observation Hill

$6.7 million

2 Garden Terrace

built in 1912

square feet 5,389

bedroom 4

There are 4 full baths and 1 half bath.

Tax $35,244 (2024)

Last sold in 1998 for $1.1 million

Located on a popular cul-de-sac just one mile from Harvard Square, this red-roofed Gambrel Victorian mansion is generous and welcoming, both formally and informally. Meticulously renovated in 2000 by architecture firm Meyer & Meyer, this single-family home features a two-story library with leaded glass windows and a steel and glass catwalk. The English-style eat-in kitchen features one of the home’s four decorative fireplaces and a walk-in pantry. The third-floor living space includes a deck overlooking the backyard, beadboard vaulted ceilings, and a ladder leading to the widow’s walk.

Listing agent Nicole Monahan, Monahan Barker Team, LandVest Inc., 29 North Main St., Ipswich, 617-680-6895, nicolemonahan.landvest.com

Boston | Beacon Hill

$7,495,000

39-41 Mount Vernon Street, Unit V

Year of construction: 1917 / Year of renovation: 2017

square feet 2,903

bedroom 3

Baths 3 full, 1 half

Tax $55,120.08 (2025)

Price $6,046

Last sold in 2018 for $5.6 million

Channel life atop Beacon Hill at Maison Vernon in Paris. Step beyond the historic red brick façade and step into an elegant lobby with marble chevron floors and an Art Deco wrought iron elevator. The home spans the entire fifth floor of a pre-war boutique building. Tall windows surround the sun-drenched great room on two sides, anchored by an artisan-crafted Carrara marble mantel. The kitchen has a private balcony with cast iron railings and views of the Golden Dome of the State House. In the evening, a sleek three-sided gas fireplace leads you to the primary suite, and guests retire to their own well-appointed suites.

Listing agents Maggie Gold Seelig and Michael Harper, MGS Group Real Estate LTD, 389 Commonwealth Ave., Boston, 617-714-4544, mgsgrouprealestate.com

Boston | Seaport District

$8,195,000

300 Pier 4, Penthouse N

Year built in 2019

2,506 square feet

bedroom 3

Baths 3 full, 1 half

Tax $78,681.27 (2024)

Price $4,134

Last sold in 2021 for $6,765,000

Penthouse N at Pier 4 offers spacious indoor/outdoor living and city and ocean views. From the entrance, you can see Fan Pier straight across the marble waterfall island. A balcony juts out into Boston Harbor from the dining area and guest suite (also known as the den since there are two). The main suite has two walk-in closets and a soaking tub. Relax and entertain on the L-shaped rooftop deck, accessed via a modern floating staircase. It has a fire pit and a complete outdoor kitchen.

Listing Agent Jeanine Cort, Cort Petrocelli Coopersmith Group, Compass, 126 Newbury St., Boston, 617-335-2818, compass.com/agents/cort-petrocelli-coopersmith

Boston | Fenway

$8.5 million

188 Brookline Avenue, Penthouse 29A

Year built in 2018

2,742 square feet

bedroom 3

Bathhouse 3 full

Tax $52,647.51 (2024)

Price $5,369.86

Last sold in 2018 for $6,064,843.37 (this figure includes the unit, cabana, storage and parking)

This Pierce Boston penthouse offers unobstructed panoramic views of the Charles River, Harbor Islands, Emerald Necklace, and more, both from within and from the private 1,200-square-foot skydeck. Expansive glass surrounds the house. You can wake up to relax, eat, or take a bath with views of the city. (If you’re looking to socialize, there’s a pool on the communal rooftop deck.) The main living space has industrial-style beams and high ceilings of more than 16 feet, creating a loft-like feel and seating for six. The same goes for the open kitchen Peninsula. . The office building contains cozy corners. There is also a large changing room and 3 car garage space with deed.

Listing Agents Eddie Hou and Jennie Zheng, Luxury Living Boston Team, Regatta Realty, 12 Museum Way, Cambridge, 781-742-3188, luxurylivingbos.com