View from 54 Cathlow Drive (Rat Island, background)
$18.225 million if you want all 4.4 acres, or just $16 if you’ll settle for 3.72. I assume that means that you can pick up a building lot for $2.225 million, which, for Cathlow Drive, is a good deal – I’ll ask at its open house tomorrow.
Cathlow is a wonderful street off Indian Head with some great houses. I won’t pretend to know what this one will sell for, though my hunch is, “less”, but it’s a fabulous location.
UPDATE: Reader “Riverside” (pseudonym of Peter Tesei’s, presumably) points out that the building lot is the land on Highgate discussed here a bit earlier today). So it is.
For What It's Worth 
I would be very surprised if there is a building lot for $2.2M. We shall see. This property has a great view, and it is a really nice house (though not what folks are building today), but it is on mud flats for a large part of the tidal cycle (and so is the dock), so certainly not “A” waterfront. Likely significantly overpriced.
BTW, not overlooking Rat Island (they should be so lucky – that’s in the middle of Greenwich Cove). This is in the inlet outside the Cove – beyond the GIfford’s place – and looks across mud to Greenwich Point.
I wasn’t positive it was Rat, but went with it to add a bit of zest to the caption.
Guessing the extra lot is the Harbor Point property on Highgate?
Ah, of course!
Tesei ?!?
Joke.
I know 🙂