Never say die

45 Baldwin Farms South

This unwanted spec house has bobbed to the surface once again, price unchanged, and described as foillows:

GAS LANTERNS ILLUMINATES A 500′ DRIVEWAY ON 2.5 DIRECT LAKEFRONT ACS. THIS NEW 10,000+/- SF SHINGLE STYLE HAS BEEN EXQUIS DESIGN W/CUSTOM INTERIOR & MATERIALS FROM AROUND THE GLOBE. SPEC OPEN ENTERTAINMENT AREAS INTRO BY 10′ MAHOGANY ENTRY DOORS & A 26′ LIMESTONE GALLERY HALL. FIRE-LIT LIV RM, REGAL DINING RM, GOURMET KIT & GREAT RM, MULTI LEVEL WINDOWS & ENORMOUS BALCONIES CAPTURE THE WATERSIDE ROMANCE & 5 OPULENT SUITES.
I don’t know, but for a 5% commission, I’d expect to at least get subject/verb agreement, but that’s a quibble. The real problem with this house lies at the end of that 500′ driveway. It’s a back lot, approachable via swampland, and has no yard. The house is well built, if oddly laid out, but no one I’ve shown it to was interested in a house that has a murky pond (excuse me, “lakefront access”) for a back yard.
This poor builder had the misfortune to listen to a broker who advised him to list it at $9.750 million back in January of ’08 but, even after he fired him, he’s kept his price too high. It’s been priced at $5.495 million since June of last year and today it’s back again at that same price. I don’t think that will do it, gas lanterns illuminates notwithstanding.

6 Comments

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6 responses to “Never say die

  1. ML

    I looked at the house twice only because I kind of liked it inside. Couldnt get over the crappy back lot, swamp and ZERO yard space. Also, no real basement. House was literally built on a rock. My wife liked the master closets and what I liked was the shower. If we were back in the seventies, we could fit 10 people in that thing! Price is ridiculous.

  2. A.O.

    ….SHINGLE STYLE “HAS BEEN”. True enough.

  3. A.O.

    I meant to ask: are the two houses in front of 45 that share a driveway and have similar stone facades, done by the same builder? And, any stats on if a house takes longer to sell if it has a shared driveway?

    • christopherfountain

      I don’t know the answer to your first question and, while I don’t have statistics on the second,I think any agent will tell you that there is a huge resistance to shared driveways among buyers so at the very least, the pool of buyers for such properties is bound to be smaller.

  4. RR

    what do you think of a house that is visible from a main road, separated by an empty lot at least an acre wide? Is it as unattractive as a back lot?