I’ve been watching those $3.5 million condos going up on Sound View Drive and wondering whether they’re going to sell. One went to contract last June but since the buildings aren’t completed, it hasn’t closed, and if I were the buyer, I’d be hesitant to be the only buyer in such a large project.
In favor of these units is that they seem to be quite attractive and luxurious. Against is the location – on a steep hill that trucks use as their route from the Thruway to the Post Road, downshifting as they go, and the general real estate market, which isn’t seeing much activity in this price range. The builder obviously still has the wherewithal to press on, though, and the project is drawing nearer to completion. It will be interesting to see what reception it meets when its done.