The Boston Waterfront is a very desirable area with renowned older residential buildings as well as new luxury construction. The cost (as has already been covered) , however, is on the high end, and parking as mentioned, is limited or available at additional cost. The question to ask yourself is what is most important to you--water views, affordability, proximity to city amenities and nightlife, proximity to work, etc...
If living on the water and affordability is important, I'd like to suggest a new condo community I market called The Residences at the Atlantis Marina in Winthrop--about 5 miles from downtown Boston. The Sumner tunnel gets you to Gvt. Center area in under 10 minutes. It's a seaside community that has undergone positive transition over the past several years--not well known--a hidden gem of sorts that oftentimes is mistakenly lumped with East Boston. I've had increasing numbers of city dwellers from all over Boston, looking for a great affordable alternative and tranquil living on the water. We are on direct waterfront, facing the entire Boston skyline--cityscape, Zakim, Tobin. We face west, so sunsets are pretty spectacular. All brand new construction (including new marina) with underground garage. 2 parking spaces with every unit. 1 Bedrooms start at $349K, 2 Bedrooms at $449K; premium units at $769K. Check it out at:
For all you brokers out there--I encourage you to visit--many are often pleasantly surprised!
If water, city amenities and proximity to Boston nightlife are on the top of your list, then the Waterfront, Seaport District, or even Charlestown may be your better bet. I'm well versed in all these areas and would love to help you find a home that fits all your search criteria. You can reach me at 617-990-2209. My offices are located on Newbury Street and N. Washington St. in the North End near the Greenway. In any case, I wish you the best in your search!