Sale in OG

12 Shore Road, new construction on tidal waters near SAC headquarters, sold for just $2.5 million after originally asking $3.5. I wasn’t blown away by this house back in 2011 when it first hit the market, but even then I didn’t think it was priced a full million too high. I wonder whether this is an example of post-Sandy pricing for waterfront or just a typical result of overpricing? Regardless, I think the buyer did well here, especially if he insisted on a rubber raft and some Swmmies being tossed into the deal.

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10 responses to “Sale in OG

  1. CuriousFenian

    U at 6 West Put now?
    Isn’t that where Mickey Sherman hangs out – what’s up w/dat?

    • Farnkie’s up there, but I rarely am, so I haven’t run into Mickey, who has an office down the hall.

      • Cobra

        I left a magazine (True West) at 6 W Put. for you last week that featured an article about an individual who might be one of your ancestors. Ask Frank if he’d mind retrieving it for you.

        • I will – if that was a story about Col. Albert Jennings Fountain, murdered in New Mexico in 1896, indeed it is. Fought Cochise, president of the Texas senate, defended Billy the Kid at his final trial (he lost), then murdered in the White Sands along with his 7-year-old son, Henry. Bodies were never found. Fascinating man, and history.

      • anon

        That’s the best typo:
        Much better than Frankie or FF.

  2. anon

    I’d say the final lower sale price and the length of time it took to find a buyer was because of it’s non-kid friendly lack of a backyard. Most buyers in this price range are families, not empty-nesters.

  3. Anonymous

    Here’s a prime example of new construction, completed prior to Sandy, that is now fema non-compliant after the remapping. Probably very difficult to get a mortgage and flood insurance will be expensive.

  4. Anonymous

    Notoriously difficult Landlord…How long before you end up in litigation..get out while you can!