Joe Bennati’s (Ex-Antares wunderkind, now NYC wannabe developer embroiled in a failed condo project) wife’s place at 42 Mooreland Road has been cut again, to $18 million; it started at $26 million in 2012 (a price I laughed at back then, and predicted it would sell for less than half that. Good thing, four years on, that I said “less than” half that). The town assesses it (100% value) at $9,782,100, and taxes it $77,000, but I think the new owner, whenever he turns up, can probably get that reduced to what he actually ends up paying for it. That may be a long time from now.
27 Doverton Drive, built by the rather dreadful Mark Marini and priced by him at $11.750 in 2007, finally sold to its present owner in 2012 for $8.1 million. He, in turn, has been trying to sell it for the past year or so, and has today reduced it to $7.250. I can see no reason why anyone should buy a Mariani house, at any price, but that’s just me.
By the way, as anyone seen our lawnmower guy-turned-developer lately? I haven’t heard of any new projects, and someone told me he closed his Armonk nursery cum coffee shoppe last year. Many of his spec projects sat for years before they finally sold, and I wondered how he could keep that up. His buying a pair of private jets probably didn’t help his bottom line, either.
16 Hedgerow Lane, which started at $4.8 million in 2014, is now asking $3.695. Its style seems currently to be unpopular in Greenwich, but it’s quite a nice house, solidly built. For some reason, houses in this neighborhood don’t command high prices, and I’m not sure why – the homes are nice, the streets quiet, and it’s a quick jaunt down Lake Avenue to town. All of that’s not enough, oddly.