Lucas Point Sale, non-MLS

circa 2014

4 Middle Way, $7.375. No pictures or description, so no link. I did see it, and liked it very much, back in 2014, when it sold for $4.4 million, but it was described today as having been “gut-renovated” (why?) in 2016, so I have no idea what it’s ended up looking like.

Interestingly, the owners tried and failed to sell it last year for $6.195. This year, an agent called up the former agent and proposed a deal: $7.375. Not surprisingly, the owners accepted it.

Another example of crazy money leading people to pay whatever it takes to get what they want. If, like many Lucas Point residents, the new owners stick around for 20-30 years, the price they’ve paid to live in such a great neighborhood will prove insignificant, but if they follow the led of the average Greenwich buyer and move out in 3 years, they may regret their enthusiasm.

Or not: I get the feeling that, in this price range, buyers have wheelbarrows of play money, and just don’t care how much of it goes, or where.