Parking spots are the new penthouses. One of these coveted spaces in Boston's elite Beacon Hill neighborhood has come on the market for $650,000, according to The Bates Real Estate Report. If it goes for the asking price, it is believed that it would be the most expensive parking spot ever sold in the city. It would also be more expensive than half of the condominiums on the market in Boston, according to the Bates report.



A parking spot in Boston’s Beacon Hill neighborhood has come on the market for $650,000. Brian Snyder | Reuters

The listing follows a string of record-breaking parking spot asking prices in major cities, as space becomes scarce and the urban rich want safe homes for their Ferraris and Bentleys.

In New York, at least two new developments — both in the SoHo neighborhood — are listing parking spots for $1 million or more. And several parking spot prices in San Francisco are running for well more than $100,000.