Rare is the high-end property around here that sells for the initial asking price. The question is: how far does the number have to drop before someone bites? Here are the week’s top reductions….
Behind the medical-office front facade of 1988 Inverness Lane (↓$250K to $2.95M) lies what could be the swingingest house in the gated community of Birnam Wood—a relative statement, of course. The courtyard pool is glamorous, and the wall of windows onto the golf course give you openness without the burden of landscaping. The kitchen is cramped, however, and the house feels very lived in.
This latest price cut at cute 428 Corona Del Mar (↓$400K to $2.595M) off East Beach brings it to a full million off what the initial price in November. It was a spec renovation; could the developer be hoping to get out before the real estate market starts suffering from COVID-19…? / Open Saturday, 1-4 p.m.
117 Crestview Lane (↓$105K to $4.95M) started out at $6 million in February of 2019, and this marks the sixth reduction. It’s huge with great views, but the price is still high for that area and you have to dig a crenellated tower (or be into role play).
Diana Road and Diana Lane form a sweet enclave just off Alameda Padre Serra—and 1232 Diana Road (↓$100K to $2.25M) is even more secluded, off the street on a corner lot. The interior of the 1948 house received an elegant renovation; it’s been a while since I’ve been inside, but I recall the downstairs guest room being the weakest point.
I loved 75 Conejo Road (↓$200K to $1.5M) when I first saw the photos, but the quick price chop after just two weeks leads me to assume that the photographer did an excellent job.