30 Northway, in Old Greenwich's Lucas Point, also sold today, for $6.250 million. It had started off quite a while ago at $10.450, which was a silly price: the owners seem to have realized that, probably because they didn't sell it. So they dumped the first broker and brought in a second, who dropped the price first $7.995 and when that didn't work, to $6.995. With just 0.7 of an acre, in the VE (highest level of risk) flood zone, even $6.250 seems bit rich for what is sure to be a building lot, but they aren't making more waterfront (don't tell Al Gore), and Lucas Point is a great neighborhood, so if someone has the cash and the inclination, why not?
16 Chimney Corner, though, is a real house sale. It started at $10.750 million and has ended up selling for $8.5, but that's still an impressive price, in this market or any time.