Herb Chambers, billionaire businessman of car dealership fame, selling Back Bay condo for $18 million
Car-dealership tycoon Herb Chambers has listed his Back Bay condo overlooking the the Boston Public Garden for sale for $18 million, the Wall Street Journal reported.
The roughly 3,300-square-foot home located at 220 Boylston St. at the Four Seasons Hotel and Residences features three bedrooms and a study. It was listed for sale on April 14 by agent Michael Carucci of Gibson Sotheby’s International Realty.
Chambers, who owns 59 car dealerships selling brands such as BMW, Mercedes Benz, Audi, Lexus and Porsche throughout New England, is worth an estimated $2 billion, according to Forbes. He’s made the media company’s billionaires list annually since 2018.
Chambers purchased the Boylston Street condo for $8.875M in 2016, city property records show. The property’s assessed value is $7.2 million. The renovated property consists of three consecutive homes, Boston.com reported.
Chambers is looking to sell the Boylston Street unit after buying a roughly 5,500-square-foot apartment at One Dalton, another Four Seasons hotel-and-condo tower in the city, according to the Wall Street Journal.
Chambers told the Wall Street Journal he bought the smaller Boylston Street condo to live in while he awaited the completion of his larger, Dalton Street residence, saying he “never” thought he’d be there as long as he has.
Chambers, who also owns a home in Connecticut, said he spends work days at his Boston addresses as his office in Somerville is just a short drive away.
located at the Four Seasons Hotel and Residences, the condo overlooks Boston’s Public Garden.
