He'll get his price or hold until it's washed away by the sea

12 E. Point Lane in Old Greenwich is back on the market, still firmly lodged near the $3 range (does that make it a three-range house?). This property is appropriately marketed as a building lot, and those are popular in this area of Old Greenwich, so this one’s stubborn refusal to sell since starting on the market in 2013 is surely attributable to its price, currently $2.875.

It’s easy to understand the owner’s refusal to face reality here, because, just two years after his predecessor had paid $2.2 for it in 2003, he bought it for $3.353, in 2005, and he must feel like a real chump, now. What was he thinking when he paid that much? Who knows, but anyway, he put it back up for sale in June, 2013 for $3.6, raised the price to $3.825 (!) in December of that year, and has been seeking to unload it ever since, but all the time staying away from its true market value.

As noted, the previous 2003 sale was for $2.2, and today the town appraises the land at $2,161,400. Somewhere between those two numbers, an acceptable price can probably be found.

Maybe if the seller threw in a shoehorn ….