Dell Millennium Tower Penthouse Listed for Auction
A 59th-floor residence in Boston's Financial District is hitting the auction block with a $6.5 million reserve.
Updated on Oct. 14, 2026 in Commercial
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Michael and Susan Dell have listed their 4,100-square-foot penthouse at Boston's Millennium Tower for a sealed-bid auction. The three-bedroom property, which includes a private outdoor terrace, was originally purchased for $10.9 million.
Why it matters
The listing highlights a notable shift in luxury real estate liquidity, as the property moves to auction with a reserve price significantly lower than its original acquisition cost. Potential buyers should consider the ongoing carrying costs, including a monthly $6,862 HOA fee.
The 59th-floor unit measures approximately 4,100 square feet and features four full bathrooms alongside the three bedrooms. The sealed-bid auction process, managed by Paramount Realty USA and Serhant Massachusetts, concludes on October 29, 2026.
The players
Michael and Susan Dell
High-profile property investors who own luxury real estate holdings ranging from Manhattan to Hawaii.
Paramount Realty USA
A real estate firm specializing in conducting high-end property auctions and sealed-bid sales.
Serhant Massachusetts
A luxury brokerage firm managing the marketing and auction process for the Millennium Tower penthouse.
The details
The auction is being conducted as a sealed-bid event, requiring prospective buyers to submit their final offers by the closing date. As part of the Millennium Tower complex, which was completed in 2016, the unit offers luxury building amenities characteristic of the Financial District. The property is marketed with a minimum reserve price of $6.5 million, serving as the floor for all submitted bids.
Timeline
2016: Millennium Tower construction was completed.
October 29, 2026: The sealed-bid auction event concludes.
The Home Front
This auction reflects the current cooling trend in Boston's high-rise luxury condominium market. It mirrors broader price adjustments seen in urban penthouse holdings compared to their initial 2016 market valuations.
Prospective buyers should review the official disclosure documents and the monthly $6,862 HOA fee before participating in the auction. Owners of similar luxury units should keep this reserve price in mind when evaluating current market comparisons for high-rise properties.
The takeaway
Large-scale luxury auctions are increasingly used to gauge buyer interest in premium vertical housing. Interested parties should register their interest with the brokers prior to the October 29 deadline to ensure compliance with the sealed-bid requirements.
Further reading
For more on high-end property trends, visit our Commercial section.
Source note: This article includes information reported by Robb Report.
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