After being pretty well hammered by buyers’ reaction to hurricanes Irene and Sandy, the market for Shorelands properties seems to have recovered. The latest sale there is 19 Grimes Road, a pretty, smallish (2,500 sq.ft.) home, for $2.025 million, on a $2.5 million ask. The house last sold in 2000, for $1.495 million on an initial asking price back then of $1.850. Reaching too high is not a new phenomenon in Greenwich real estate.
AE flood zone, but if it closed, a bank must have been satisfied its security is in no danger of floating away. Shorelands has always flooded, by the way, and the people there learn to live with it – it’s a great neighborhood, and if you lose a furnace every decade or so, that’s the price you pay.
(Actually, if you look closely, you’ll see a new foundation – someone must have jacked this house up in the past)