Beacon Hill Real Estate and History: A Guide to the Famous Boston Neighborhood
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Beacon Hill Real Estate and History: A Guide to the Famous Boston Neighborhood

✍ BY MIKE URBAN  / PUBLISHED ONNov 15, 2021

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Beacon Hill Real Estate and History: A Guide to the Famous Boston Neighborhood

Boston's Beacon Hill neighborhood is a historic neighborhood in Boston, Massachusetts.

In the mid-1800s, this was one of the wealthiest neighborhoods in America. Today it’s still considered an affluent residential area with some notable landmarks.

This article will introduce you to Beacon Hill and give you some more information on its history and culture.

📜 History of Beacon Hill

Beacon Hill is an extremely desirable neighborhood in Boston, Massachusetts.

It was formerly part of Stoughton and is now regarded as its own community. It's named after the beacons that were lit on the top of its hills to warn Boston of approaching dangers such as incoming ships or enemy soldiers.

The Beacon was active from 1749 - 1814

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Beacon Hill is in the north end of Boston, Massachusetts. - It was designed by Charles Bulfinch in 18th century and is considered one of America’s first suburbs.

In the 1800s, Beacon Hill was one of America’s wealthiest neighborhoods with a lot of wealthy families living in townhouses and mansions on its streets.

Today, it is still considered an affluent residential area but has also become home to many cultural institutions such as Symphony Hall, the Massachusetts Historical Society, and the Museum of Fine Arts.

💰Beacon Hill Cost of Living

Beacon Hill has a reputation as one of the most expensive neighborhoods in Boston. However, there is more to Beacon Hill than just its high price tag and historic charm.

The neighborhood offers amenities that attract families and professionals who want an urban lifestyle with easy access to like-minded neighbors and upscale shopping destinations such as Copley Place and Charles Street.

In the past five years, Beacon Hill has seen a large number of historically designated homes and condos get new owners who have been redecorating their residences with modern amenities while still maintaining the historic integrity of these properties.

The median sales prices for homes in this neighborhood range from $553,000 to more than $12 million depending on which area of the neighborhood you're in.

A luxury one bedroom apartment with amenities like roof deck access, hardwood floors and stainless steel appliances can cost around $4000 per month whereas a studio with no doorman but easy access to public transportation costs about $1500 monthly.

🌇 Beacon Hill Real Estate

Real Estate in Beacon Hill is primarily residential, and a display of a variety of architectural styles by a number of well-known architects including Charles Bulfinch, Asher Benjamin, Solomon Willard, and Alexander Parris.

The Federal and Greek Revival architectural styles were most popular during the first half of the 1800s and are still seen today, although later examples of Italianate, Panel Brick, Egyptian Revival, Queen Anne, and American Gothic Revival styles can also be found.

As the apartment complex began to rise in the latter part of the 19th century, a few early examples of adaptive reuse were found on Beacon Hill, where several stables and carriage homes were converted into loft dwellings and studios.

Today, the one-quarter square mile zone is one of the most sought-after and costly areas in Boston. Beacon Hill is bordered by some of Boston's most famous thoroughfares, including Beacon Street, Bowdoin Street, Cambridge Street, and Storrow Drive.

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📌 Beacon Hill Condos

If you are going to purchase a Beacon Hill Condo there are a few things you need to keep in mind.

This historic district has real estate that includes everything from luxury lofts to modern apartment buildings. There are also single-family homes w/ detached garages on some streets. The first thing you should think about is what type of Beacon Hill Condos you would want to buy.

There are a number of different types of prospective properties that you can choose from.

Provided below is property listing data for Beacon Hill.

The first type is a studio apartment which is one room with a bathroom and kitchen area. Generally, the bedroom is combined with the living room area.

🏠 Search Beacon Hill Condos For Sale

➡️ Beacon Hill Condos For Sale - Studio

  • Median Liv. Area SqFt: 361
  • Median Sale Price in Beacon Hill: $425,000
  • Median Sale $/SqFt: $1,222

The first type is a studio apartment which is one room with a bathroom and kitchen area. Generally, the bedroom is combined with the living room area.

➡️ Beacon Hill Condos For Sale - 1 Bedroom

  • Median Liv. Area SqFt: 608
  • Median Sale Price in Beacon Hill: $677,500
  • Median Sale $/SqFt: $1,161

The second type of unit is called a "one plus den" or "junior one bedroom". As the name implies this particular kind of unit has one bedroom and then an additional smaller room which could be used as a den, office or another sleeping area for guests. The larger rooms in these apartments generally range from 500 square feet to 650 square feet while the smaller rooms are approximately 450 square feet to 550 square feet.

➡️ Beacon Hill Condos For Sale - 2 Bedroom

  • Median Liv. Area SqFt: 1,007
  • Median Sale $: $1,038,750
  • Median Sale $/SqFt: $1,181

The second variety of unit is a two-bedroom condo in Beacon Hill. T

he cost per sq/ft is slightly more than a two bedroom in Beacon Hill but not by much. A true two bedroom condo will have two separate bedrooms with closets, a window, and heat.

➡️ Beacon Hill Condos For Sale - 3 Bedroom

  • Median Liv. Area SqFt: 2,042
  • Median Sale $: $2,760,000
  • Median Sale $/SqFt: $1,269

Finally, the last available is a three plus bedroom in Beacon Hill.

These homes feature a bigger kitchen and dining room, as well as a separate dining area and/or family room. The cost per square foot is usually greater than even a two-bedroom condo because to the scarcity of availability.

📅 Beacon Hill Condo Sales 2017-2021 (as of Nov 21st, 2021)

The chart below has

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Beacon Hill Condo Association

Beacon Hill condo association fees vary from as low as $190 per month to as much as $3,000+ per month.

It is all determined by the building's facilities and what they have to offer to its residents.

For instance, The Archer Residences in Beacon Hill offer Recreational Facilities, an Exercise Room, a Clubroom, and many other amenities in their building, hence the higher fees.

🚈 Beacon Hill Public Transportation

Getting around on foot is easy since Beacon Hill has is close proximity to public transportation and downtown Boston, including the Financial District and Back Bay.

While most homes do not have garages, parking can sometimes be found on some streets.

If you want to reside in or around Boston and use public transportation, the closest station may be convenient for you.

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Beacon Hill is serviced by Green Line T stops on Charles Street and Park Street. Additionally, there are Orange Line stations at Haymarket and North Station as well as numerous MBTA bus lines. There are also several car-sharing companies such as ZipCar available throughout downtown Boston.

Disclaimer: All real estate statistics based on 6 months worth of Closed data in 2021.

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✍ BY MIKE URBAN  / PUBLISHED ONNov 15, 2021