$2.225 for an undersized building lot in Harbor Point?

Harbor Point Association Mutual Aid Society, Hurricane Sandy, 2013

Harbor Point Association Mutual Aid Society, Hurricane Sandy, 2013

11 Highgate Road, in Harbor Point, is 0.67 acres (R-1 zone), with a house on it that “was damaged by Sandy and must be repaired.” It’s probably safe to say that a house flooded almost a year ago and left untouched since is not a prime candidate for restoration, so we can treat this as a land sale. Is $2.225 million too much? Probably, but Harbor Point, with its private beach and small, traffic-free network of roads, is one of Riverside’s prettiest neighborhoods, and someone might bite the bullet and build a stilt house here. However, I think there’s at least one other house in this price range that is on higher ground and a much larger parcel, and I’d want to look at that, too, before deciding.

22 Comments

Filed under Buying/Selling Greenwich Real Estate, Neighborhoods, Riverside, Uncategorized

22 responses to “$2.225 for an undersized building lot in Harbor Point?

  1. Toonces

    so, house built there can only be .67x 5881 sq feet – 3,940?
    Not a bad size if you build a nice basement, but… oops it is on the FEMA list so I think that means no basement (and stilts as you mention). Still, that’s one of my favorite neighborhoods in all of Greenwich. I love the sunny nature of that area – not so many trees, very beachy feel.

  2. Anonymous

    Toonces–did you ever buy a house or are you still looking?

    • I believe our beloved Toonces is waiting to meet the age qualifications for Edge Hill.

    • Toonces

      We are still looking – but getting close. Feeling pretty dumb for not buying the house we liked in Dec. 2012. Of course that was the bottom!

      • Anonymous

        have faith that you will find something you like better, and you will…

        • Indeed, there’s no sense chasing fruitlessly after a bus when there’s always another one coming. A lot of buyers (not you, Tooces, just a general observation) focus on the one that got away, to the exclusion of other equally good ones.

          • Toonces

            Of course you’re right – and I didn’t even love the one that got away the first time I saw it. I wonder if most people need a few showings to love a house? That’s how I am but I bet others know right away

          • If you want to see a house several times before deciding to sink several million dollars in it, seems to me to be an entirely rational demand. Take your time.

        • Toonces

          Thanks Anonymous. I will give that a try.

        • CEA

          Toonces:

          We saw the house we bought first thing. We liked it but didn’t think we loved it. Months of house-hunting later, we found we kept coming back to the first one. I think it is a myth that you “fall in love” with a house at first sight. I think some people do, but for the bulk of us for whom this will represent a significant chunk of all earnings we’ve ever earned, and savings and Christmas money from Uncle John when we were 10, there is always that “is this the right thing?” that will be there. And that is a GOOD thing, it means you’re thinking with your head about something that is a major decision. Good luck.

          CEA

          • Toonces

            wow, thanks CEA – what you wrote is strangely simple but helpful.
            You hit the nail on the head. It is the biggest investment most of us will ever make so it’s ok if it isn’t smooth and easy.

  3. Libertarian Advocate

    Where’s the image from?

  4. Libertarian Advocate

    Lagos, and the Price advisor too. Is she one her way too my joint yet?