Not every house in OG has held its price, apparently

7 Little Cove Place, which sold for $6.5 million in 2012, which was pretty much the bottom of the post-2008 crash, started off this time in 2016 at $6.5 million, but had to drop to $5.295 before it found a buyer. And that's just its last asking price; it's reported today s under contract, so presumably it's selling for even less.

The listing describes it as "direct waterfront", which is technically true, but barely