14 Dwight Lane, $2.9 million, asked $4.3 originally. Good house, but Dwight’s way north.
505 Indian Field Road, 3.7 acres, waterfront in Mead Point sold direct for $7.250 million. “Sold direct” usually means that the seller – in this case, the estate of the late owner – has an offer in hand before even listing it but tries a higher price on the MLS for a period of time (30 days, here) to see if they can do better. So this was priced at $8.750 million and after no offer came in that would justify paying a commission, the house goes to the first offer. Listing brokers hate that sort of arrangement, not surprisingly, because they go to the expense and the labor of marketing a property, only to watch their efforts go unrewarded. But sometimes that’s the risk you have to take to gain a listing. No one said real estate was (always) easy.
This is beautiful land, by the way, but it was also the scene of a brutal home invasion in the 80s. The armed thieves came in by water, thereby evading the 24-hour security guards and broke into the house, forced the owners into a closet and ransacked the place. An ugly business.
Two accepted offers have been reported, 610 Lake Avenue, swampland asking $975,000, and 5 Dawn Harbor, Riverside, whose last listing price was $2.7 million. Its last price is better than where it started 643 days ago: $3.195, but I’ve never been wild about this house. Still, it’s in a good section of Riverside and not particularly out of line with the prices of comparable houses in the Indian Head neighborhood, so I get it.