Michael Dell’s Boston Penthouse Hits Auction Block with $6.5 Million Reserve

According to Times of India World, tech executive Michael Dell is moving to sell his rarely used penthouse in Boston’s Millennium Tower via a sealed-bid auction. The residence, located on the 59th floor of the 60-storey high-rise, carries a reserve price of $6.5 million—a figure more than 40 percent lower than the $10.9 million purchase price paid by the Dell Technologies founder in 2016.

The transition to an auction format follows unsuccessful attempts to offload the 4,100-square-foot property through traditional real estate channels. According to reports cited by The Wall Street Journal, Dell initially listed the three-bedroom condominium in 2024 at his original purchase price of $10.9 million. After failing to secure a buyer, the listing underwent multiple price reductions, bottoming out at $7.895 million before being pulled from the market.

According to Mansion Global, the auction is being managed by Paramount Realty USA and Michael Carucci, a founding partner at Serhant Massachusetts. Prospective buyers are required to submit sealed bids along with verified proof of funds before the late-October deadline. Carucci noted that the reserve price represents an opportunity for purchasers to dictate the value of a property situated in one of Boston’s most prominent residential buildings.

The penthouse features three bedrooms, four full bathrooms, and one half-bath. The corner unit includes floor-to-ceiling glass walls, a private outdoor terrace, a gas fireplace, and custom woodwork. Residents of the Millennium Tower have access to building-wide amenities, including a 24-hour concierge, a 75-foot indoor lap pool, and a private screening room. Two underground parking spaces are included in the sale.

Dell originally acquired the residence in December 2016, a period coinciding with the completion of his company's $67 billion acquisition of the Massachusetts-based IT firm EMC Corp, as noted by the Austin Business Journal. While the home served as a base for business travel, industry observers indicate the property saw limited personal use. Dell’s broader Boston real estate footprint expanded in 2020 with the $34 million purchase of a larger, two-storey penthouse at the Four Seasons Private Residences at One Dalton Street.