Rising Demand for Waterfront ViewsMay 6, 2017
We real estate agents see it repeatedly the minute warmer temperatures return. Many Boston luxury homes buyers are so attracted to waterfront views that they are willing to give up many things on their “must have” list in order to purchase a unit with water views. Needless to say, the sudden growth and emergence of the Seaport area have not only attracted many of the new buyers, but also have gotten the seasoned Boston luxury real estate buyers thinking of water views, even if they had no interest of locating to the waterfront neighborhood. Water views to most Boston luxury homes buyers meant views of the Charles in the Back Bay or Beacon Hill within their comfort zone. But this is no longer the case.
With luxury buildings sprouting in the waterfront and Summer just around the corner, buyers are being less discerning and more adventurous. People searching for Boston luxury homes are more open to discovering new areas as long as they can be close to the water. It gives them a sense of being on vacation.
Some of the existing buildings, such as the Residences at The Intercontinental, The Wharf building and Harbor Towers, offer larger units originally planned or 2-3 units have been combined to create a larger floor plans. For the most part, the newer buildings have smaller units, such as 1-2 bedrooms plus a den to attract empty-nesters or younger Boston luxury real estate buyers.
There are however, many who are still looking for larger unit on the water like 85 East India Row in the Harbor Tower. This is a great example of a combination unit that provides luxury, comfort, views and amenities, in addition to being within walking distance to Downtown, the Financial District, the historic North End and hip Seaport restaurants.