Featuring larger windows, elevated finishes and the best views, the “Panorama Collection” of three-bedroom condos across the top 5 floors of the twisty 40-story MIRA tower at 280 Spear Street were priced at a premium, but still relative, to the units on the 35 floors below.
Measuring 2,196 square feet, with three bedrooms, three full baths, a private balcony and southwest views, Panorama unit #36B was priced at $4.75 million in October of 2019.
Relisted for $4.695 Million in October of 2021, unit #36B was removed from the MLS last year and then relisted as new for $4.175 million this past April. And having been listed anew again this past week, the “asking price” for 280 Spear Street #36B is now down to $3.495 million, a sale at which would be “at asking” according to all industry stats and aggregate reports.
Once again, while $1,592 per square foot certainly “isn’t cheap,” it’s 26.4 percent cheaper than the asking price per square foot for the unit four years ago, an asking price which was set relative to the other new units in the building at the time, with the non-panoramic model unit #30A having sold for 19 percent less than its list price in 2021 a few months back.