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Tech Mogul Michael Dell Eyes Breakeven with $10.9M Sale of Millennium Tower Penthouse in Boston

Tech Mogul Michael Dell Eyes Breakeven with $10.9M Sale of Millennium Tower Penthouse in Boston
Traded Media
by Traded MediaShare

Tech mogul Michael Dell adds another property to his real estate portfolio in Boston, focusing on the Millennium Tower penthouse.

Purchase and Sale Strategy

Dell is selling a penthouse on the 59th floor of the Millennium Tower, which he acquired in 2016 for $10.9 million, now listed at the same price. This follows his recent investment of $35 million in enhancing another luxury property in Back Bay, indicating a strategic shift within Boston's high-end real estate market.

Description of the Millennium Tower Penthouse

Situated in the heart of Boston's Financial District, the Millennium Tower penthouse offers 4,110 square feet of space. It features three bedrooms, a terrace with stunning views, and expansive windows providing panoramic views of the cityscape and Boston harbor. The interior showcases elegant design elements such as custom cabinetry, luxurious marble, and wide-plank wood flooring, all illuminated by natural light. Additionally, the penthouse includes two parking spaces, considered a premium amenity in the tower, which comprises over 440 units with transactions reaching up to $35 million.

Michael Dell's Wealth

According to Forbes, Michael Dell's net worth exceeds $71 billion, underscoring his significant financial capacity for luxury real estate investments.

Published: February 27, 2024

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