Back in March, we asked about this property, "At some point, the place will hit land value... How low does the ask have to go to attract a buyer?" And now we know, because the property sold for $27.5M, a stunning $18M off the original asking price of $45M. That’s an absolute bargain for 4.5 acres with 500 feet of oceanfront and private frontage on Wickapogue Pond. There's also a six-car garage, pool with water views to the ocean and pond, and a sunken tennis court.
And of course, there’s a house, in this case by Francis Fleetwood. It’s probably a goner. The house is so dated it hurts our eyes, but the issues don’t end there, at least according to one CH commenter, when the house was in contract but the sale didn’t complete. "The worst floor plan you have ever seen. You would not even know you are on the ocean. When you walk in the house a staircase hits you in the face instead of a view of the ocean. In the master you look at closets instead of windows to the ocean."