345 Shore Road is described as “on the Belle Haven Peninsula” and so it is; so is the Grass Island sewer plant, for that matter. What counts, as far as house buyers are concerned, is whether a house is included in the Belle Haven Association. If it is, a premium is commanded. If not well heck, you might as well be next to a sewer plant.
Not that this house is close to the plant, mind you, but it is impacted by the noise of I-95 (so are certain houses inside the Association boundaries, but never mind). It was purchased for $2.485 in December 2005 and returned to market in September 2006 for $3.275, That proved a bit too steep an appreciation for a nine-month tenancy and the the listing expired a year later in 2007 with the house unsold. A new agent tried again this spring, this time raising the price to $3.295, perhaps hoping to demonstrate that he brought something to the party but alas, raising the price failed to work any magic and again the house sat, unsold, through the summer and fall selling seasons. Now, just in time for Christmas, the price has been dropped 10% to $2.975 million. Will that do the trick? I doubt it, but the property is on the Belle Haven Peninsula.