WSJ House of the Day: “Charmed by Port Chester” $9.3 million.
It looks like a wonderful home, overlooking Long Island Sound, but $9.3 million for Port Chester? Really? The owner used to run Wexford Capital, a fund located in Greenwich, so he was obviously aware of the respective merits of the two neighboring communities, yet decided that his money could best be put to work in Port Chester, not Greenwich.
That’ a decision that, to me, seems counter-intuitive, but that’s probably why he’s rich and I’m not.
27 responses to “Most Incongruous headline of the morning”
Gorgeous house, spectacular views. What would something comparable like that run in Greenwich? 2x?
Stunning pad in every way. My arm could be twisted to become a Port Chesterian. Close to trans, close to a great beer emporium, and Costco. Built-in immigrant population for any staffing needs. What’s the problem again?
Meant to ask: does neighboring NY not have FEMA flood zones restrictions that this house might be sitting in the low zone?
You know, you could say the same thing about those postage stamps along Hendrie.
more pics here http://goo.gl/o33Wrw
Mickster, What a difference seeing those photos. This $9m house is in a neighborhood with what looks like basic ugly-ass cookie cutter houses around it and what the heck is that modern prison looking building in full view?? I went from giving it a 10 to a ZERO.
Agreed. Hope Doyle’s other investments work out better than this. Although I suspect he’s in this for a fraction of the ask.
What astonished me the most, and not in a good way, was the peculiar angle the house is situated. There must be a reason why the house isn’t aimed straight on forward. The pool hangs over the dead end driveway below, which I bet my bottom $ gets a thousand turn-arounds and also parked cars of neighbors below. I looked at the site on Bing maps birds eye view; it’s there especially you get a sense of how overbuilt the house is for the lot, how not nice the view is to the left, and that I95 is a newspaper toss away. ZERO isn’t low enough.
I would live there, I could make do 🙂
Does anybody know what the taxes are on this ? Amazing house but…..
It is just over the Rye border, so you pay Portchester taxes instead of Rye taxes. I am not sure if that is good or bad. Functionally though it is like living in Rye, you are just a minute or so from premium Rye ocean front properties and beach clubs.
Is that like living in Yonkers and being right next door to Bronxville?
I happen to like Port Chester, and I think its just like Brooklyn twenty years ago. Poised for a comeback. Can’t you spot real estate trends, you dirt selling little maggot? And I mean that fondly.
Anyhows, it has better food than Greenwich, is on the water just like Greenwich, and it is closer to NYC. So what is not to like? Plus your neighbors are more likely to rob people in Greenwich, because that is where the money is.
The Port Chester movie theater is the best. You can get whores in Port Chester. It is closer to strip clubs. And did I mention the food? You can get Hubba burgers, Wetback, Wop, and Dot Head food to die for.
Greenwich can’t compare. Our restaurants BLOW!! You WASP’S think good food is triangulated tuna fish on white bread. With the crust cut off. WHICH IS THE BEST PART!! So long as it is served by a glove wearing Negro, on a silver tray. You sicken me. Not you Dude. But all of your tight assed white little Waspy friends.
And the diversity!! The DIVERSITY!! Even though we are all the same. You close minded lily assed white WASPS!! I know you are fond of the Jap school girls, as am I, but you haven’t lived until you have had mad monkey sex with a pissed off PR chick. While wearing your wife beater. You feel like Superman!! Trust me on this. Where can you find that in Greenwich? NO WHERE!!
So I think Port Chester is a great value. They can use our beaches, we are building them a new pool, and they can send their little snigletts to our schools, and not deal with our snobbery. They can live like real people, on less money.
So what is not to like? And Kneaded Bread RULES!!
You snobby little loser.
Hilarious post Walt…one of your finest.
Actually the sexiest video is where she is fully clothed http://youtu.be/AAfOBSW-YFs
BTW – it’s reduced from $11.3mill. Been on market 5 months. Taxes $125k
Why is he selling?
Maybe he took his own investment advice.
LinkedIn would suggest he’s gone from Wexford – now In West Palm doing his own thing
Another New Yorker who gets the hint. Move family and biz to Florida so there’s money left to pass on to kids. Smart.
Taxes are the dealbreaker.
Agreed , taxes too high.
pay 5 points off asking price and taxes top a quarter mil
Looking at Google Maps, I wonder what’s up with the nice looking beach in Byram at the same latitude as this house. Is it public? It seems to have a footpath leading from the road. But I bet it belongs to the house at the NE end of the beach.
I used to think of Port Chester as yucky too, but you need to look past the ugly, and remember back in the 1920s and 1930s, it had beautiful mansions and estates and was more quaint. In fact, White Plains was like that too. But yes, time passes and towns change. Walt has some good points also, listing Port Chester’s assets. I wasn’t around in the 1930s, but I have seen photos and read Port Chester’s history.