The best land currently on the market, at any rate.
This 9.75 acre lot, once part of the estate that hosted the Scottish Games, came on in 2007 listed for $9.995 million. That was too steep even then and it dropped over the years until it hit $5.999 and is now under contract.
The site could theoretically be divided in two but you’d ruin its value. As is and undisturbed, you can put a house way up on the hill and look down over your rolling meadows and have perfection, fairly close to town. I loved the land, and so did several of my clients, but we took runs at it closer to its assessed value of $3.5 than to its then price of $7 million and were rebuffed.. There’s a $4.5 million reverse mortgage on the land which no doubt strengthened the seller’s resolve to hold firm and someone has apparently agreed to pay at least that much and probably more. Good for them – it’s truly beautiful land and down the road, I doubt you can overpay for this property.