June 13, 2012 · 1:13 pm

Finally, an accepted offer reported

 

GAR approved photo

5 Bridle Path Lane, Riverside waterfront, asking $5.975. Started at $12 million in April 2004 but given enough time, even a Realtor can figure out the right price.

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11 Comments

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11 Responses to Finally, an accepted offer reported

  1. Georgie
    June 13, 2012 at 1:27 pm

    No wonder you don’t fit in with most of your RE colleagues. I couldn’t keep the necessary poker face to a client to pay $6 million for basically dirt, albeit ocean front. Not in this market—and not with the plentiful inventory in this price range.

    I miss your GAR substitute picture…..the laugh for the day seeing what scrubby house you could find to replace GAR link .

  2. GeorgeCrosley
    June 13, 2012 at 1:35 pm

    I thnk it’s Bridle Path, like bridles on a horse, not bridal gowns.

    • Chris Fountain
      June 13, 2012 at 2:09 pm

      Of course you’re right, although depending on your view of what this sells for (and I like $5.9 far more than $12), some amusing terms relating to the wedding night come to mind.

  3. anon
    June 13, 2012 at 1:48 pm

    Judging by the fact that all the photos in the listing are of the exterior, I take it this was a land sale.

  4. Anonymous
    June 13, 2012 at 2:40 pm

    This year in RS, 21 Shoalpoint sold for $5.3 million (zillow $3.995million),
    46 Carriglea for $5 million (zillow $2.05million),
    16 Marlow for $4.525million (zillow $3.395million)
    Tough to trust Zillow to me.

    • Chris Fountain
      June 13, 2012 at 2:58 pm

      I think we’ve had this discussion (many times) before, but again: Zillow’s estimates range from spot-on to stupidly low to crazy high. They can blame their errors on their computers; what excuse can an agent give for knowing the precise neighborhood and the house in question and still valuing it at twice its ultimate selling price?

  5. AJ
    June 13, 2012 at 5:10 pm

    I believe that it was in the 80s, though I could be wrong and it might have been the 90s, that 50s houses on the water on the old Bonham estate, such as Bridle Lane, were going for around $5 million (asking price). Looks like things haven’t appreciated much since then. But looking at this sale, I’d hate to be the guy that recently paid $5 million, if my memory serves me correctly, for a house on the most crowded section of Riverside Ave. Not much of a view there.

    • Chris Fountain
      June 13, 2012 at 5:13 pm

      In defense of this Bridle Path sale, the Kirkham property next door sold for $10 million in 2010 – also a waterfront sale (house was immediately torn down) so I understand why this one started at $12. Still can’t figure put that Kirkham price and apparently no one besides its buyer could either.
      But yeah, $5 million for Riverside Avenue (a sale at a loss, rumor has it) or Pinecrest? I think they’re both nuts.

  6. Anonymous
    June 13, 2012 at 7:30 pm

    12 million was a joke and the 1st realtor should be ashamed of himself!!!!!!!!

  7. Georgie
    June 13, 2012 at 7:39 pm

    There you go…..gotta luv these pics.