Cos Cobber has brought to our attention the new listing off Bible Street, One Pinetum Lane, asking $5.295 million. I’m skeptical of its chances at this price.
The owners tried, and failed, to sell an older house here back in 2007 for $2.495, so they doubled down, razed it, and built this one instead. It claims 7,459 sq. feet on its one acre, but given FAR restrictions, at least 2,000 feet of that must be underground, and despite what some agents claim, 2,000 feet of gym equipment and a big screen TV in a dark hole does not, nor should it, command the same valuation as rooms with, you know, windows.
Still, it’s a nice house, as this style goes, and I’m sure a buyer will turn up who doesn’t mind its inaccessible location or the presence of so many (much) more modest houses along its approach. It is across the street from the archery club’s 20 acres, so that may have some appeal.
But will that buyer pay over $5 million to live out here? We’ll see.