A quick sale, but not a quick profit

402A Sound Beach Avenue spent just 79 days on the market and has now sold for $4,237,500. That’s an impressive sum, but the sellers bought it new in 2007 for $5.690 million.

I would think buyers would find this one’s back-lot location a plus, as it diminishes the traffic noise from busy Sound Beach, but there’s something the market doesn’t like about flag lots.