Boston suburb home sale breaks city record

Massive Beverly waterfront mansion trades for $18M

<p>34 Paine Avenue in Beverly MA and Charlie Benevento (Google Maps, LinkedIn)</p>

34 Paine Avenue in Beverly MA and Charlie Benevento (Google Maps, LinkedIn)

It’s not Beverly Hills, but homes in Beverly, a suburb of Boston, can still fetch a glamorous price.

A waterfront mansion in the Massachusetts city was recently sold for $18.3 million, Boston.com reported. The home sale was the priciest in the history of the city.

The seaside mansion at 34 Paine Avenue is massive, spanning 27,000 square feet across 3 acres. There are a staggering 34 rooms at the Georgian Revival estate, including 11 bedrooms, 11 bathrooms and three half-bathrooms.

The property is known as “Rock Edge” because of its placement above the stony shore, overlooking Beverly Harbor. The estate is attached to a private beach where deeded access is only given to five families.

Rock Edge has been restored and renovated to include high-end finishes while retaining the integrity and many original characteristics of the home. Linda Zarifi designed the property’s interior. 

Two years ago, the home was listed for $22 million, the first time it had been put on the open market in a half-century. While seller Charlie Benevento didn’t receive that ask in the sale, it still traded for more than $11 million greater than the previous sale record for a single-family home in Beverly, excluding off-market transactions.

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Douglas Elliman’s George Sarkis represented Benevento in the sale. Campion & Co.’s Tracy Campion represented the undisclosed buyer. 

One famous owner of the home was all-around athlete and tennis star Eleonora Sears, who won five Grand Slam doubles titles during her career and made the U.S. Open finals as a singles player. She was enshrined in the International Tennis Hall of Fame in 1968, the same year as her death.

The Benevento family, which accumulated its wealth from a construction and recycling business, purchased the home in 1971, according to Dirt.com. It was passed on to Charlie after the death of his mother in 2015.

Holden Walter-Warner

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Boston suburb home sale breaks city record

Massive Beverly waterfront mansion trades for $18M

<p>34 Paine Avenue in Beverly MA and Charlie Benevento (Google Maps, LinkedIn)</p>

34 Paine Avenue in Beverly MA and Charlie Benevento (Google Maps, LinkedIn)

It’s not Beverly Hills, but homes in Beverly, a suburb of Boston, can still fetch a glamorous price.

A waterfront mansion in the Massachusetts city was recently sold for $18.3 million, Boston.com reported. The home sale was the priciest in the history of the city.

The seaside mansion at 34 Paine Avenue is massive, spanning 27,000 square feet across 3 acres. There are a staggering 34 rooms at the Georgian Revival estate, including 11 bedrooms, 11 bathrooms and three half-bathrooms.

The property is known as “Rock Edge” because of its placement above the stony shore, overlooking Beverly Harbor. The estate is attached to a private beach where deeded access is only given to five families.

Rock Edge has been restored and renovated to include high-end finishes while retaining the integrity and many original characteristics of the home. Linda Zarifi designed the property’s interior. 

Two years ago, the home was listed for $22 million, the first time it had been put on the open market in a half-century. While seller Charlie Benevento didn’t receive that ask in the sale, it still traded for more than $11 million greater than the previous sale record for a single-family home in Beverly, excluding off-market transactions.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Douglas Elliman’s George Sarkis represented Benevento in the sale. Campion & Co.’s Tracy Campion represented the undisclosed buyer. 

One famous owner of the home was all-around athlete and tennis star Eleonora Sears, who won five Grand Slam doubles titles during her career and made the U.S. Open finals as a singles player. She was enshrined in the International Tennis Hall of Fame in 1968, the same year as her death.

The Benevento family, which accumulated its wealth from a construction and recycling business, purchased the home in 1971, according to Dirt.com. It was passed on to Charlie after the death of his mother in 2015.

Holden Walter-Warner

Read more

Tags