This perfectly nice contemporary sits right on the water and was built in 2000. It seems like top notch constrution and I really liked its floor plan, yet it won’t sell. It was originally offered for $18.5 million in April, 2005, perhaps a tad aggressive for a house that, despite its 6,300 sq. ft., held only 3 bedrooms. But still, that view …,
Its price dropped in increments until November, 2006, when it reached $14.9 million. That didn’t work so it was withdrawn from the market and returned in February, two months later, priced at $15.75 million – punishment for buyers too slow to have appreciated it before, I suppose. Surprisingly enough, that, too didn’t work and it’s been dropping ever since. Today it was reduced again, to $14.5 million. It doesn’t seem a far-fetched house to me, given its great waterfront location and the prices still being had for other waterfront despite our current market but the buying public obviously disagrees with my opinion and my taste. I really like contemporaries, especially this one, but I’m not in the market right now for any house, regardless of price. And those who are are balking at this one’s design, I believe.