I saw 27 Leeward Lane today and wondered a bit at its asking price of $4.875 million. It’s a nice house, beautifully expanded by the architect Phil Bartels and one of Greenwich’s best builders, Doran Sabag and I don’t question that, having bought the original 1947 house for $2.1 million in 2001, the sellers have put a whole lot of money – I mean, a whole lot of money – into the house as it now exists. Neither Bartels nor Sabag come cheap.
But that still leaves you with 1947 ceilings – low – and a relatively small house of under 5,000 square feet. The house that’s gone up between this one and the water does no favors to #27′s view and the yard is – limited. That said, while I don’t think an out-of-towner will ever “get” this house or its price, a Riversider just might. Leeward’s a funny street: cheap, mid-60′s builder crapolas in the beginning and then some very nice, very expensive homes at the end. This one’s in the expensive section. And Riversiders seem quite fond of Leeward and willing to pay a premium to live here. It’s about half-way down Indian Head so it’s pretty convenient and there are those views, partially blocked as they are. So I’m guessing it will sell, but not to someone new to town.