I’d despaired of having anything notable to report of real estate news between Christmas and New Years, but lo, 7 Dempsey Lane, 12 acres of swampland and a tear-down, asking $3.990 million, reports a contract. I assume the buyer has figured out a way to carve an extra lot out of the mud here and justify a sale price of, what? — $3 million? — but you never know in Greenwich; a buyer could be perfectly content to have 12-acres of privacy, close to town, and a new house in which to enjoy it. Especially with the latest developments in mosquito control technology.
UPDATE: an angry reader has complained that I too easily dismiss houses of this era as “tear-downs”, but the listing itself implies that, devoting most of its pictures to the grounds, rather than the obsolete structure itself, and describing, for instance, the three-car, attached garage as a two-car, under-the-house garage: big difference, if one were considering retaining the existing house. The listing agent’s indifference to the description of the house says it all: I’m just following his lead.