Boston 2010 Real Estate News

Boston Property News

Friday, August 24, 2007

Red Sox owner pays $16M for mansion

Red Sox owner John Henry probably wouldn’t trade teams with Frank McCourt, but he’s shelling out millions for the Los Angeles Dodgers owner’s Brookline mansion. Henry has agreed to pay a near record $16 million for McCourt’s Georgian Revival estate in Boston’s leafy suburb, according to real estate records and an executive close to the deal. The mega-sale, which closed this week, is one of the most expensive in Bay State history. Still, despite the big numbers, Henry got a relative bargain. McCourt first put his estate on the market years ago for more than $22 million. It then sat unsold as the once-hot real estate market went south, prompting McCourt to drop the price more than once.