Price cut in Harbor Point, Riverside

4 Highgate Road, now priced at $3.875 million, down from its original April, 2016 price of $4.995. Nice house, and for all my teasing of Harbor Point neighbors for their propensity to sue one another, the development is in fact an attractive neighborhood, with a private beach and even a communal dock.

Located in the AE flood zone, which is discouraging, and the description in the previous listing that it enjoys “seasonal water views” reminds me of the Ogden Nash ditty:

“I think that I will never see,

A billboard lovely as a tree.

In fact, unless the billboards fall,

I’ll never see a tree at all.”

Billboards, leaves; whatever.

I also find this bit a little off-putting: “Approvals & plans for raising roof height to 8+ft adding approx. 950 sq ft of FAR. Can open up back side of roof to add patio doors & outside deck area for water views”. I like the house as is, but this language might suggest to potential buyers that there’s something wrong with the design, and that they’re looking at a major construction project: at nearly $4 million as is, that’s daunting.

I might wait to suggest that possibility until a prospect was actually in the house, and not mention it at all unless an objection to these perceived deficiencies were raised.