The changing fortunes of Greenwich real estate

This was then

After 825 days on the market, 17 Windabout Drive, a 2.8 acre (2-acre zone) building lot in mid country, sold yesterday for $2.6 million. Back in 2002 its sold, with a house on it, for $3.250. The house was a 1962 Coggins, who in that time was a very popular architect specializing in duplicating Colonial, and slightly more recent designs, but the market was turning away from that taste even by 2002, just twenty years later. When I saw it that year, I thought it was an obsolete house with an unfortunate, ill-thought addition, but nonetheless, someone liked it enough to buy it and live there happily until their deaths. When it came back up for sale in 2014 it was pretty clear that it was a land sale. It sold for $2.350, the house was razed and now it's sold for this $2.6. 

I'm not convinced that $2.6 is going to allow for a profit on this lot, but the buyer is an experience (and very good) builder in town, so good luck to him.

And this is now