110 Clapboard Ridge Road, 18,000 sq.ft (plus accessory buildings) on five acres and an asking price of $24.995 million is reported as pending. Wow.
The seller bought this then-new construction in $10.5 million in 2010 when it was generously described as “80% complete”. finished it, and has been trying to sell it since 2015, when it started at $35 million. Three years and a price cut of 30% later, it has found a buyer. That length of time on the market and even that percentage of price cut isn’t unusual for a house in this pricer range, but I’ll admit to reacting, when I saw this notice this morning, “what are they thinking?”
I predict that this will prove to be a lousy investment, but I suppose that’s not the point, because if the buyer has a large enough fortune to see $25 million as just a pittance, and wants to live in a house this size, why not? For its type, it’s a nice enough place, and considering the millions of dollars poured into its construction, I’m sure its very well made.