The Beacon in Watertown is 100% sold out!
It has been less than 17 months since sales efforts were launched in the earliest stages of construction on this groundbreaking entry to the Watertown housing market. This development introduced a new style and level of living in a rapidly developing Boston sub-market. Unit 302 (among others) set a new benchmark for condominium pricing in Watertown. The two-bedroom, top-floor unit with an expansive private deck sold for $950,000 ($907/SF). Unit 301, another two bedroom penthouse unit in the development, sold for $1M! Overall, the development achieved an average price per square foot of over $860 which shattered the average condo pricing in Watertown by 95% versus the year prior ($442/SF).
Impressively, 100% of these condos were sold to owner-occupants demonstrating the value that residents perceived in the amenities, location and quality of construction. With millions of square feet of life science, lab and retail space under development, Watertown is destined to be a prime location for further condominium development in the years ahead.
Sales in the building were represented exclusively by Columbus & Over Group. If you are interested in learning more about COG’s development sales services contact Jeff Hamilton (617-645-3407).