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Odd Strategies: 2.5 Years With No Buyer? Raise The Price!

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We've admired this four-bedroom every time we've walked by since Forst & Silverblank erected it in 2008. The facade strikes a nice balance between traditional and contemporary design without going too far in either direction. Now, finally, we've gotten to take a look at the interiors and they do not disappoint:

"[A] formal dining room and an expansive, well equipped kitchen, flanked by a large breakfast area and informal living. The master bedroom with fireplace, luxurious bath, and a pair of walk in closets completes the first floor. Upstairs a junior master is joined by 2 other bedrooms, all with baths ensuite. A finished lower level has a living room with wet bar and wine refrigerator, recreational room and a full bath with steps up to the pool.Sadly, it's not all good news for the residence we've been a fan of for so long. For one thing, at 5000 sq. ft., it feels overbuilt on the .6 acre parcel. For another, it's the priciest property on the street by far?with a few exceptions, most homes on the block are asking a fraction of that. While it is a very nice house, finding someone to pay $3.5M for a north-of-the-highway address on a rather busy street is a tall order. Unless the ask continues down the path it did prior to moving to Cocoran, we don't expect to see moving trucks anytime soon. Reader Update: "This house actually sold from Forst and Silverblank to it's current owner in late June 2010 for 3 million. It was re-listed after a summer 2010 rental by the current owner. So, to be accurate, it's not been on the market continuously for 2.5 years."

Listing: 50 Osborne Lane [My Hamptons Homes]