Michael Dell’s Boston penthouse, purchased for $10.9 million in 2016, is now heading to a sealed-bid auction with a minimum reserve price of $6.5 million.
The luxury home sits on the 59th floor of Millennium Tower in downtown Boston and is being offered after several attempts to sell it through the traditional real estate market.
The auction is being managed by Paramount Realty USA in partnership with Michael Carucci, a founding partner at Serhant Massachusetts. According to the auction listing, bids must be submitted online by Oct. 29, 2026, at 4 p.m. Buyers must also provide proof that they have the funds to complete the purchase, per The Economic Times.
The reserve price is about 40% below the amount Dell paid for the property nearly a decade ago. However, the final sale price will depend on the offers received and the auction’s terms.
Michael Dell and Susan Dell attend the 12th Breakthrough Prize Ceremony at Barker Hangar on April 18, 2026 in Santa Monica, California.Photo by Taylor Hill/FilmMagic
The penthouse covers about 4,100 square feet and has three bedrooms, four full bathrooms, an additional powder room, and a private outdoor terrace. Its large windows offer views of the Boston skyline, the Charles River, and Boston Harbor.
Michael Dell’s Boston Penthouse Faces a Major Price Cut
Dell, the founder, chairman, and CEO of Dell Technologies, purchased the Millennium Tower residence in December 2016 through a limited liability company, according to property records cited in reports by real estate news outlets.
The purchase came shortly after Dell Technologies completed its acquisition of EMC Corp., a Massachusetts-based technology company. The deal was valued at about $67 billion and was one of the biggest technology acquisitions at the time.
The Boston penthouse was intended to serve as a place to stay during business trips to the area. However, reports say Dell and his wife, Susan, rarely used the residence.
The couple later tried to sell the property through the regular housing market. According to The Boston Globe, the home was first listed in 2024 for $10.9 million, matching its original purchase price. After it failed to attract a buyer, the asking price was reduced several times.
The penthouse was most recently listed for $7.895 million before it was taken off the traditional market and moved to auction.
The current $6.5 million reserve is about $1.4 million below that last asking price. It also represents a potential discount of roughly $4.4 million from the original purchase price, although the reserve does not guarantee that the property will sell for that amount.
Michael Carucci described the auction as a chance for buyers to make offers on a high-end home in one of Boston’s well-known residential towers.
“Properties of this caliber appeal to a very, very specific audience,” Carucci said, according to The Boston Globe.
The residence is located on the 59th floor of Millennium Tower, a 60-story glass building in Boston’s downtown area. Its design includes tall ceilings, wide-plank oak floors, and floor-to-ceiling windows that bring natural light into the living spaces.
The main living and dining areas are connected in an open layout. A gas fireplace set into a black granite wall serves as a central feature of the living room.
The kitchen includes custom wood cabinets, marble countertops, a large island with seating, and high-end appliances from Wolf and Sub-Zero. A butler’s pantry connects the kitchen to the main living area.
The primary bedroom suite sits in a private corner of the home. It includes a walk-in closet, a dressing area, and a marble bathroom with a freestanding soaking tub. The two additional bedrooms have their own bathrooms and walk-in closets.
A private outdoor terrace adds space for residents to enjoy views of the city and nearby waterways. The sale also includes two reserved parking spaces in the building’s underground garage.
Millennium Tower offers residents several shared facilities and services, including a 24-hour concierge, doormen, a fitness center, a private screening room, and a 75-foot indoor swimming pool. The penthouse also carries a reported monthly homeowners association fee of $6,862, which buyers will need to consider alongside the purchase price and other ownership costs.
The penthouse auction comes as Boston’s high-end condominium market faces pressure from a growing supply of luxury units and slower sales. Some developers have reduced prices as they work to attract buyers to expensive homes in full-service residential towers.
The market has also seen a shift in the types of buyers interested in city properties. According to Carucci, domestic buyers looking to downsize and live in the city are becoming more important as international investors play a smaller role than they once did.
The $6.5 million reserve gives the Millennium Tower property a lower starting point than its earlier asking prices. Still, the reserve price alone does not establish the home’s final market value.
Misha Haghani, founder and CEO of Paramount Realty USA, said the auction format allows the market to help determine the final price.
“There is a possibility for a buyer to get a good deal,” Haghani told the Houston Chronicle. “What do you mean by a good deal? That’s subjective. Everything has a market value.”
The auction is also part of a broader change in the Dells’ Boston property holdings. In 2020, Michael and Susan Dell purchased a duplex penthouse at Four Seasons Private Residences at One Dalton Street for $34 million. That property was later listed for sale, with its asking price reduced before it was removed from the market.
Beyond Boston, the couple has an extensive real estate portfolio that includes a large estate in Austin, Texas, properties in Hawaii, and a penthouse at One57 in New York City. Dell also manages family investments through DFO Management, formerly known as MSD Capital.
Related: Dolly Parton sold her Bird Streets hillside home for $1.2 million in 1990; the longtime country star’s former home is now listed for $7,950,000
Hence then, the article about in 2016 michael dell paid 10 9 million for his boston penthouse it is now up for sealed bid auction with a 6 5 million reserve was published today ( ) and is available on Parade ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( In 2016, Michael Dell paid $10.9 million for his Boston penthouse; it is now up for sealed-bid auction with a $6.5 million reserve )
Also on site :