This spot of undersized Old Greenwich land has been owned by a dreamer for a long time. It was priced at $1.650 million in 2002, failed to sell so was rented, then brought back in 2009 at $1.699. Nope, so it dropped to $1.475 million and, still finding no buyers, jacked it up to $1.525 today. Uh huh.
The owners of 127 Havemeyer Place in central Greenwich tried the same strategy – they couldn’t sell it at $2.897 or $2.5 million so they bumped it to $3 million awhile ago. Today they’ve dropped it to $2.499 – getting closer to where I suggested they price it in the first place.