Maybe there's a maximum price for a particular house, just as trees have maximum heights

 127 Shore Road. Detached garages, even with breezeways aren't popular with some buyers

127 Shore Road. Detached garages, even with breezeways aren't popular with some buyers

127 Shore Road in Old Greenwich has cut its price again and is now asking $3.299 million. It's a very nice house built in 2008 by Tim Muldoon, who does excellent work, but it's curious that back then Muldoon started off at $4.2 in 2008 and finally sold it to this owner for $3.3 million in 2009. Curious, because this owner too started off at $4.2, in 2014, and now she's back to where she started. 

The style, to my eye, already looks a little dated; I think the day of coffered ceilings, if it ever arrived, has gone by. And sacrificing the back yard to a pool was a mistake - certainly, as today's price cut shows, it didn't add value. All that said, it's still a good house. But worth closer to $3 than to $4, according to the market.