Michael and Susan Dell's 59th-floor penthouse at Millennium Tower in Boston is up for auction with minimum reserve price of $6.5 million

Michael and Susan Dell have put their 59th-floor penthouse in Millennium Tower, Boston up for a sealed-bid auction. The luxury residence, which was purchased for $10.9 million in 2016, has a minimum reserve price of $6.5 million. The auction is handled by Paramount Realty USA in association with Serhant Massachusetts, with online bids due on October 29. The 4,100 sq ft penthouse is on 59th floor in a 60-story glass skyscraper in Boston's Financial District. It comprises of three bedrooms, four full bathrooms, a powder room and a private outside terrace. Floor-to-ceiling windows provide the views of the city, Charles River and Boston Harbor.

The sale comes after the couple's initial attempts to sell their Boston properties. The auction also shows their real estate spending as they maintain residences in Texas, Hawaii and New York.

Michael and Susan Dell's Millennium tower penthouse up for auction

The penthouse was bought with the help of a limited liability company in 2016 for $10.9 million, as per records seen by PropertyShark. The couple initially tried to sell the residence in 2024 for the same price they had paid, according to The Wall Street Journal.

Since then, the property has appeared for sale at various prices. Records show the asking price was most recently $7.895 million, before this auction. This current auction has a minimum reserve price of $6.5 million. It is around 40.4% below the original purchase price. Compared to the most recent asking price, it is about 17.7% below.

Paramount Realty USA is conducting the auction with Michael Carucci, founding partner at Serhant Massachusetts. Because it is a sealed bid auction, buyers submit their offers without an open competitive bidding process.

Misha Haghani, founder and chief executive of Paramount Realty USA, said the reserve price represented an opportunity for a buyer seeking a residence in the building. The actual sale price will be determined after receiving offers from all the bidders, according to the terms of the auction.

What does the 4,100 square foot residence comprise?

The penthouse is located on the 59th floor of Millennium Tower. The building is a 60-story glass skyscraper completed in 2016. There are three bedrooms, four full bathrooms and an extra powder room in the residence.

The wide-plank white oak flooring in an espresso finish and more than 11-foot-high ceilings are part of the interior. The large grid-style windows in the penthouse offer natural lighting and city views. A private terrace is also available.

The open-plan living and dining area leads off of a gallery accessible from a secure elevator landing. There is a linear, vent-free gas fireplace set into a black granite accent wall at the heart of the main living area. An entertainment console is placed opposite of it.

A butler's pantry connects the main living area and the kitchen, which was designed by Christopher Peacock. The rift-sawn oak cabinetry, honed Calacata Extra marble countertops and an island with seating are part of the details. Wolf and Sub-Zero appliances are installed. The layout combines the kitchen, dining and living areas with the bedrooms on the other side.

How are the bedrooms and bathrooms arranged?

The primary bedroom suite is located in a private corner of the residence. It includes a walk-in closet and dressing area, as well as a full-slab marble bathroom. The bathroom features a freestanding soaking tub with rounded edges. Marble is used in the design of the bathroom to achieve a uniform appearance.

Two more bedrooms are available to the owners, both of which have private bathrooms and walk-in closets. One of these bedrooms has been fitted out as a workstation. There is also a designer powder room for guests and a laundry room within the residence. This divides up the areas for residents and guests. Michael Carucci said the apartment had barely been used.

What are the building fees and amenities?

The penthouse has a $6,862 monthly homeowners association fee. This covers building services and facilities, as well as two garage parking spaces. The residences feature a 24-hour doorman and a private club occupying 20,000 sq ft. The latter includes dining affiliated with chef Michael Mina, a 75-foot swimming pool and wellness spas.

The building provides 24-hour white-glove concierge services. These are part of the offering, but buyers will need to factor in the $6,862 monthly association fee, in addition to the purchase price and any other costs.