Two years ago, when 32 Twin Lakes Drive (Gilliam Lane to the rest of us) came up for sale asking $15 million, I pointed out that the tired old house had long ago lost its water access and land and was now just a moldering wreck with waterviews, hardly worth that sum.
The owner must be gradually beginning to realize he was sold a bill of goods by his listing agent because he’s been slowly reducing his price and it hit $10 million a few minutes ago, just before the closing bell. That’s a good start – assessment is $4.560, which seems like a good ending for this place.
How could the owner have been so gullible? Well, this is the guy who allowed himself to be blackmailed by Internet hookers thrice, twice by the same girl. Hope springs eternal.