A fool and his money? Let's wait until the closing price is reported

9 sabine.jpg

9 Sabine Farm Road, asking $31.5 million, is under contract. Purchased for $23 million in 2004, this 20-acre property has been sub-divided into 3 lots, with its obsolete, 12,000 sq.ft. mansion on one of them, and found a buyer.

I know what I'd have advised a client interested in this place, but who knows what the agreed upon price was? Two lots at, say, $3.5 per, and a house on its own lot at maybe $7.5, being generous, and you might have a bargain, however unsellable, but $31.5? Crazy.

 Admittedly, purchasers at this level don't actually cook for themselves, but ...  really ?

Admittedly, purchasers at this level don't actually cook for themselves, but ... really?