Still falling

88 Cedar Cliff Road has cut its price from $16.995 million to $15.495. The owners paid $11.750 for this 1928 house in 2007, completely renovated and expanded it from 4,600 sq.ft to 9,000, and put it back up for sale in 2022 at $25.5 million. That proved to be overly-aspirational.

That said, great property, great street, protected views (because the land below it was given to the Greenwich Land Trust), and a pretty special house. Someone’s going to want it, and the owners’ loss, which must be substantial, will be their gain.