Boston Millennium Tower Penthouse Listed for Auction
A 4,100-square-foot unit in the Financial District has hit the market with a $6.5 million reserve price.
Updated on Oct. 14, 2026 in Commercial
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Michael and Susan Dell have listed their 59th-floor penthouse at the Millennium Tower for a sealed-bid auction. The property is being marketed with a minimum reserve price of $6.5 million, significantly lower than its original $10.9 million purchase price.
Why it matters
The auction provides a high-profile data point for luxury real estate valuations in Boston. Prospective buyers must factor in the substantial $6,862 monthly homeowners association fee alongside the purchase price.
The 4,100-square-foot penthouse is listed with a $6.5 million reserve price, well below the $10.9 million originally paid for the unit. Buyers should note the additional commitment of a $6,862 monthly HOA fee required for the property.
The players
Michael and Susan Dell
The owners of the Millennium Tower penthouse currently listed for auction.
Paramount Realty USA
The auction firm conducting the sealed-bid process for the property.
Serhant Massachusetts
The real estate brokerage facilitating the auction of the penthouse.
The details
Paramount Realty USA and Serhant Massachusetts are managing the sealed-bid process for the 59th-floor residence. The unit features three bedrooms and four full bathrooms, with access to building amenities established when the tower was completed in 2016. Interested parties must navigate the auction structure, which serves as the primary mechanism for price discovery in this sale.
Timeline
2016: Millennium Tower building completion.
October 29, 2026: Auction conclusion date.
Money Landscape
This auction sits within the broader context of high-end Boston real estate transitions. It follows the market pattern established by the 2023 initial listing of the One Dalton Street penthouse.
Prospective buyers should carefully audit the $6,862 monthly HOA fee as a fixed budget line before participating in the auction. Always consult with a qualified financial or tax professional to assess how such a high-value acquisition aligns with your overall portfolio.
The takeaway
Large-scale luxury property auctions often reflect shifts in regional market demand for high-end residential assets. Potential buyers should perform thorough due diligence on all recurring association costs before entering a binding bid.
What happens next
The sealed-bid auction process concludes on October 29, 2026, at which point the final sale status will be determined.
Further reading
For more information on market trends affecting large-scale property investments, see our Commercial section.
Source note: This article includes information reported by Robb Report.
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