New to the market today

There’s been almost no real estate activity this week, so posting on that topic has been sparse (however, stay tuned — after 15 years of trying, Ivana’s former house at 21 Vista Drive is scheduled to close; news at 11!). But today 25 West Way, in Old Greenwich, has been listed at the reasonable price of just $15 million. That may strike you as aggressive for a 5,400 sq. ft. home, but it’s Lucas Point, the best neighborhood (says I) in Old Greenwich, the owners/builders paid $6.750 for the property, with tear-down, in 2007, and the listing agent is my former boss, Joanne Erb, who knows Lucas Point (she should: she lives there) and knows the Greenwich real estate market very, very well, so I defer to her judgment.

Besides, this isn’t really all that unaffordable: according to listing broker Brown Harris’ dandy mortgage calculator, 20% down will give you a monthly payment of just $82,100 and change, and that includes taxes!