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In recent years, tech magnate Michael Dell has purchased two ultra-luxurious high-rise residences in Boston and New York City. He is also known for his extravagant properties in Austin, Texas, and on the Big Island of Hawaii. Dell purchased a penthouse on New York’s Billionaire’s Row for $100.47 million in 2014, setting a record for the city’s most expensive residential acquisition.
In addition, he purchased a penthouse in Boston’s Four Seasons Private Residences One Dalton Street for $40 million. According to a Wall Street Journal report, the acquisitions substantially expand Dell’s real estate portfolio. Before these purchases, he owned two properties near his hometown of Austin, Texas, and a third getaway on the Kohala coast of the Big Island of Hawaii.
Dell, a college dropout, made his fortune by founding Dell Technologies, a company that manufactures and distributes personal computers and other technology items. The majority of his family’s wealth is managed by his private investment firm, MSD Capital, which was established to manage his family’s wealth. MSD Capital’s huge real estate purchases, such as an $18.5 million mansion in Los Cabos, Mexico, are exclusively for investment purposes. So let’s take a peek inside the massive real estate portfolio of Michael Dell.
4 Austin Properties
1. The clown moderator of the panel claimed that the marginal tax rate “briefly” peaked at 70% under Reagan.
2. Here’s Michael Dell’s 30,000 square foot home in Westlake (Austin), Texas. pic.twitter.com/3bjA5kVmeQ
— Marlo Ck (@MarloCk999) January 23, 2019
In Austin, Dell constructed a 33,000-square-foot residence for his family. According to a source involved with the project, he and his wife Susan built the property in 1996, the same year his business launched the website Dell.com. Michael Dell hired the New York City company Gwathmey Siegel & Associates Architects, whose owner Charles Gwathmey was renowned for designing residences for Steven Spielberg and David Geffen, among others.
Juan Miro, an architect from the company, was sent to Texas to oversee its construction, according to the source. Michael Dell’s granite and stainless steel home conform to Gwathmey Siegel’s renowned modernist and mathematically intricate style. There are eight bedrooms and sixteen bathrooms, as well as a home gym as well as an indoor lap pool. A stairwell with polished wood panels and a curved steel handrail frames an artwork by Joel Shapiro.
According to property records, Mr. and Mrs. Dell possess many vacant lots adjacent to their home, bringing the total acreage to approximately 119. The nearby lots are all protected by a conservation easement, which prohibits their development in perpetuity. The property is a 20-mile drive from Dell Technologies’ headquarters in Round Rock, Texas. According to court documents, Dell contested his $600,000 property tax payment in 1997 after county assessors valued his luxury mansion at $22.5 million.
Michael Dell’s attorney stated at the time that his client had spent approximately $30 million on property upgrades. The resolution was not made public. Michael Dell also has a wacky, geometric home known as 6D Ranch in the hills approximately 12 miles away. According to a person acquainted with the property, it is named after the six family members and is where their Arabian horses are housed.
3 The Boston Penthouse
The acquisition of EMC, a firm that specializes in data storage and data protection, by Dell Technologies was finalized in September of 2016, and at the time, it was the largest technology merger in the history of the United States. The deal was worth around $67 billion. According to a statement made by the firm at the time, EMC planned to continue running its operations out of its current location in Hopkinton, Massachusetts.
According to individuals acquainted with the deal, Michael Dell signed a lease for a penthouse at the Four Seasons Private Residences One Dalton Street in 2017. The tower became the tallest residential structure in Boston when it was erected the following year. The home, one of three penthouses, was recently listed for approximately $40 million. As stated on the project’s website, the three penthouses have beamed ceilings and double-height patios with outdoor fireplaces.
2 The New York Condo
The purchase of a unit at One57, a condo tower on Manhattan’s West 57th street that is more than 1,000 feet in height, for the sum of $100.47 million by Michael Dell established a new record for the most expensive house ever sold in New York City. According to the offering plan for the development, his residence measures 10,923 square feet with six bedrooms and six baths. The luxury apartments offer expansive views of Central Park.
According to real estate agents, the building’s status as the pinnacle of prominence has diminished. When Dell purchased it, it was the symbol of achievement for supertalls. Since then, it has been the subject of numerous unfavorable reports concerning unsold units and fresh rivalry from other projects. According to public records, a buyer who spent $32 million for an apartment in One57 in 2014 sold it for $23.5 million in 2016.
1 The Hawaii Residence
Since 2004, when it bought the Four Seasons Maui, MSD Capital has been a big investment in Hawaii. In collaboration with the former chairman of Walmart, Rob Walton, it also controls the majority of Hualalai, a master-planned residential development on the Big Island surrounding the highly regarded Four Seasons resort.
According to the designs, Dell’s house will have 18,500 square feet of living space and seven bedrooms, making it the most spacious residence in the neighborhood. People refer to the home as the “Raptor Residence” because Michael Dell bought it under the guise of a limited liability corporation with the same name.
Sources: Mansion Global, The Real Deal, Austonia
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