Rare is the high-end property around here that sells for the initial asking price. The question is: how far does the price have to drop before someone bites? Here are the week’s top price cuts….
Built in 1929, the fabulous 165 Middle Road (↓$210K to $6.785M) is easy to fall in love with, although you might end up having a destructively codependent relationship, depending on the maintenance situation. The current owners listed it for $7 million back in August, expecting to lose money; they paid $8.2 million for it in 2016. This recent reduction has to really hurt. / Open Sunday, noon-3 p.m. or maybe 1-4 p.m.
This is the fourth price cut for 117 Crestview Lane (↓$150K to $5.1M). Can it really be that no one wants a house with a crenellated tower? Think of the medieval-themed pool parties you could have there! / Open Saturday and Sunday, 1-4 p.m.
Whenever a listing says “imagine the possibilities” or “bring your imagination,” it means the property is likely a teardown. The house at 3150 Sea Cliff (↓$255K to $4.9M) is certainly nothing special, but the 2.4-acre lot above Hendry’s Beach is. I vaguely recall an issue with a neighbor—perhaps there’s a view easement?
The 1947 house at 2303 Bella Vista Drive (↓$500K to $5.15M) may not be architecturally exciting, but the views would seem to make up for it.
4450 Via Alegre (↓$502K to $5.5M) makes my head hurt, but I can’t tell if it’s the dated “contemporary” design or the amateur photography. Five million should get you more than 2.4 acres and four bedrooms in Hope Ranch, especially if you’re facing a renovation. / Open Sunday, 1-4 p.m.