This beautiful old house was built in 1936 (it must have been swell to have money during the Depression) and last updated twenty years ago, but it’s 8,500 sq. ft. on 1.89 acres in a great part of Belle Haven with fantastic views of Long Island Sound. Non-Greenwich readers will choke when I say this, but at $11.950 million, I think it’s a pretty good buy. Really – this is Belle Haven, for heaven’s sake, and inferior sites with inferior houses have sold for far more. I realize that was then and this is now, but I think the listing agent, Janey Galbreath, slapped a sensible sticker on this one. Open house is tomorrow and I haven’t seen it yet, but I’d say land value alone supports this price and the house itself is a bonus.
I heard a rumor third-hand, so I have no idea whether it’s true, but supposedly another broker pitched for this listing by suggesting a $25 million asking price. Gee I hope that’s true, because it would mean that at least one seller is wise enough not to let someone “buy” a listing and then watch it sit for five years as the price gets whittled down. Price it right and sell it applies to low-end houses and high.