Ah, but a man's reach should exceed his grasp, else what's a heaven for?
/15 Pilot Rock Lane, Riverside, is back with a new agent and a (slightly) new price: $4.699 million, instead of $4.750. Pilot’s in the Harbor Point Association, a nice neighborhood down at the foot of Indian Head, but the house is a 1960 obsolete relic, and the land, a generous 1.75 acres, is not waterfront.
These owners paid $3.4 for it in 2004 and, somewhat surprisingly, continued to live there rather than build new. Of course the house is perfectly livable, as is, and I’d certainly be happy to live there myself, but the usual course of business in Greenwich when a property’s value is entirely comprised of the land is to build new. Hence my surprise.
In any event, they decided to move and in September 2017 put it on the market at $10.250 million. Pricing decisions like this offer a persuasive argument against the legalization of marijuana.
That price has dropped over the ensuing three years and is now, perhaps, approaching reality. That still seems steep for water glimpses, but as noted, Harbor Point’s a nice place.