32 Meadowcroft, a Mariano spec home, closed for $9.2 million. That’s a lot of money; not the $12.575 originally asked in 2011, but still ….. I didn’t like it, someone else did, and since, of the two of us, he’s the guy with the money, it’d be his opinion that counts.
And across the border in Stamford, 97 Deep Valley Rd took another price cut, to $4.995 million. I mentioned this property back in July, when, after failing to sell at prices ranging from $8.5 million to, finally, $5.9, a new broker was brought in and the price raised to $6.475. I questioned that strategy then, and it seems that it indeed, it didn’t work.
The house is beautiful, in a Stamford-sort-of-way, and its location on the Mianus is pretty spectacular, but it continues unsold as its price fluctuates. I don’t know what the Stamford market will support for a home like this but so far, the $8.5 -$5 million-plus range isn’t it.