22 Pilot Rock in Riverside’s Harbor Point Association, is back on the market, after failing to sell in 2009-2010 for $12.5 million. This time, the sellers are asking $8.2 million. That’s better than before, but will it sell now? Who knows? The house, while obviously perfectly suitable for a family to live in happily (the owners have) won’t survive any buyer who pays this much, so it’s a land deal. I’d pay it if I could because it s price fits in with recent sales down here, it’s fantastic waterfront and Harbor Point’s a great neighborhood.
Maybe if I sell my Honda ….
It’s a 1997 house…is it really obsolete? Have buyers’ expectations in Greenwich changed that much in 15 years? Only mansions will do? Or is this family land or something, with a house built to suit its unpretentious owners rather than maximize the value of the property?
I love 1997 – When they would build such a reasonable house on dirt like this.
It’s a (relatively) inexpensive modular home, Info and with all respect to the owner, who I know and like very much, I just expect that someone who pays $8 million for this place will expect a mansion commensurate with the price of the land. And from a real estate perspective, he’d be right, I think. You could probably fetch $15 million, probably more, with a humongpus house on this lot. $8 for the land, $5 for the house and you’re ahead of the game.
But you’re correct in assuming the owners are unpretentious, albeit very successful people – it’s why I like and admire them.
Does anybody know what is on the little peninsula at the end of Seagate Rd, is there a house there?
Very much so, built in the mid (?) sixties. Must be a fantastic place, although I’ve never been inside, but here’s the fly in that ointment: there’s great striped bass fishing just off its rocks and coming in from sailing late at night I’ve often seen a small flotilla of fishermen anchored just offshore, music playing, laughter, beer – all the things fishermen might engage in while waiting for a strike. I doubt most realtors would know that or,if they did, tell a potential buyer. Better to sell the place by daylight and let the poor sap discover the nighttime entertainment by himself.