Can we bring this one back?
This once-new monster that replaced the old pink “Bermuda” house on the corner of Dingletown was listed for $12.960 million in June 2007. It’s been dropping ever since, trying to find a buyer and today came down to 70% of that original price, or $8.995. Interesting. Update: the land was bought in 2004 for $3.5 million. That’s a lot to carry for five years. At 17,000 sf, the new asking price is $529 sf – probably less than the builder hoped for.
On a lower scale, 105 Hamilton Avenue, one of the condos that were new in 2002 and sold then for $835,000 is priced today at $1.250 million. The MLS records tell two different tales for this same unit but it either sold for $1.265 in June 2006 or $1.367 in November 2005. Take your pick, the seller is losing money. Back in 2002 I was astonished that a builder would build expensive condominiums at this location and then was even more surprised when they sold out. It now looks as though location will have the final say after all.
For What It's Worth 
That house is SO ugly. Plus, no backyard, you look right down into the tiny house behind you.
$6 mil for this one. Busy location, terrible yard, resembles the gloomy house in “The Munsters”. Sans the butler.
CEA
>>10K sf houses seem to almost always be located on crappy land and/or are poorly-built/finished….or, even if well-finished, assume a mockable commercial/non-residential appearance from such macro scale
But most of market lacks taste, so there’s a clearing price for nearly any monstrosity…eventually…but mkts can remain illiquid for longer periods than many sellers’ solvency
I long admired the original house and it was a sad day, when driving up North Street one day, to see not only had it been scraped but what replaced it. The original house, like many of the older houses in Greenwich, connoted wealth and rank but in a manner that was, obviously, utterly foreign to the hedge fund kidz and the developers who catered to them.
I, too, much prefer the former house to the tasteless monstrosity that took its place. And the location is pretty sucky – one of the busiest corners in that part of town. And no privacy – just architectural bombast. Who the hell would to live in such a place?
I would much prefer its neighbor across the street, with something like four acres (more?) and a nice brick neo-Georgian mansion. How’s that one doing?
Bill. Keep away. that house is mine! as soon as I win Powerball, that is.
And it’s 14 acres. Nice, flat, big acreage.
Aw, c’mon, CEA, we can share, can’t we?
And yeah, I thought there was quite a bit of acreage attached.
And speaking of winning the PowerBall, check out my new novel, “Winning the Lottery.” You can find a link to the Amazon.com listing on my blog a rew posts back. Just click on my name, and you’ll go straight to the blog.
And if you buy a copy, I’ll even sign it for you!
(And if I win the PowerBall first, watch out!) 😉
I have to give them credit for building something that isn’t so cookie-cuttter even if it is grotesque in size and scale. And for those looking for the “I Have Arrived” statement, this location surely does it.
The former house was the home of Margery Flynt Muir and her husband James Muir. Mrs. Muir’s parents were Henry and Helen Guier Flynt (she of Cinncinatti Milicron, he an owner of the Brooklyn Dodgers, they as the donors of Historic Deerfield, who lived on 40+ acres across the street. The Muirs took superb care of that house and property, and raised three children (children! my age. ouch) there. The original house was built by one of the Meads and there is sister house still standing at the other end of North Street near town.