High-end home sales on a roll

Written By Unknown on Jumat, 01 Maret 2013 | 18.38

Sales of high-end homes surged in 2012, as wealthy owners rushed to list their properties and buy new ones to avoid the capital-gains tax hikes in January that were part of the "fiscal cliff" deal.

The momentum has carried over into 2013, with sales of luxury properties staying strong despite the higher tax rates. The first two months of 2013 saw 30 properties over the $2 million level sell, roughly the same as a year ago when 31 such sales were made.

Meanwhile, the number of high-end homes under contract is higher now than a year ago. In the first two months of 2013, there were 66 condos and single-family homes worth at least 
$2 million under agreement, versus 55 in the same span of 2012.

To highlight the trend, here's a look at a few recent luxury sales:

37 Thatcher St., Westwood

Selling for $3,015,000, this four-bedroom, Gambrel-style home measures 9,400 square feet and sits on about 3.5 acres of landscaped grounds.

The estate's layout features a grand foyer; a gourmet kitchen with a separate breakfast room and a butler's pantry; formal living and dining rooms; and a 32-by-20-foot family room flanked by a sunroom terrace. The master suite includes a bath, dressing room and sitting room.

There are 10 fireplaces in the main house, and the cottage house has a four-car garage and a tack room. A pool house accompanies the in-ground swimming pool.

173 West Brookline St., Boston

This classic South End bowfront single-family home sold for $2,500,000. The 3,931-square-foot home has five bedrooms plus an au pair suite, 31⁄2 baths, and some of the most beautifully restored original detail in the neighborhood.

Elegant double parlors have high ceilings, gorgeous moldings and mantles. There is a formal dining room with butler's pantry, an eat-in kitchen that opens out to rear deck and garden, central air conditioning and deeded parking spaces for two cars.

17 Yarmouth Road, Brookline

Selling for an even $2 million, on one of Chestnut Hill's most prestigious streets in Brookline, was this five-bedroom, 51⁄2 bath Colonial.

The stately, 3,256-
square-foot property has a three-car garage and enough parking for 10 cars. Grand mature trees on the acre-plus lot surround a large in-ground pool with a separate pool house.

580 Walnut St., 
Newton

On Bullough's Pond, a recently renovated and expanded Victorian home sold for $2,250,000. The 4,625-square-foot home has five bedrooms that encompass three floors as well as a walk out lower level. The living room has an open floor plan to the great dining room as well as an eat-in kitchen with custom cabinets, an island and high end appliances.

Penthouse 1 at The Clarendon, Boston

This posh three-bedroom spread in the Back Bay residential tower developed by the Related Cos. and Beal Cos. sold for $6,500,000.

The three-bedroom plus library penthouse measures 3,545 square feet and features a private terrace with panoramic views of Boston. The property comes with garage parking for two cars.

Jennifer Athas, a licensed real estate broker, can 
be reached by email at heraldhotproperty@
gmail.com. Follow her on Twitter @JenAthas.


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