Spec house, hefty price, privately listed: what could possibly go wrong?

Reader JQ brings our attention to a new Zillow listing for 36 Zaccheus Mead Lane, which hit the market yesterday at $10 mm. I certainly wish the builder well; I count several builders as both clients, sometimes, and friends, always, and admire their entrepreneurial spirit and enterprise. Besides, they’re actually making something, rather than just shuffling digital digits from London to New York, and that’s admirable in itself.

That said, I don’t foresee a quick sale here.