Why Not Buy Four Acres on Gin Lane for $44.85M?

One 1.5 acre property, 436 Gin Lane, has just been listed for $24.95M. Formerly part of the Henry Ford estate, with 142 feet of oceanfront, there is a three-story house built circa 1905 with eight bedrooms and six bathrooms, plus a three bedroom carriage house for staff or guests. The pool is right on top of the dune. Next door is 450 Gin Lane, also just listed for $19.9M, with 265 feet of beachfront, more than two acres of land and a more modest house with a demolition permit already in place. Whether someone buys these two properties together or not, location couldn't be better, with the ocean on one side and Old Town Pond on the other.
· 436 Gin Lane [Corcoran]
· 450 Gin Lane [Corcoran]