3rd price cut

6 Deer Lane, a spec project of Mark Mariani, was originally priced in April at $8.675 million. Today it dropped, again, and now will entertain offers at $6.295.

The property has an interesting history: the land was placed on the market in March, 2018, priced at $2.595. A bidding war erupted and the winner paid $2.750 for it ten days later. By September, that purchaser had apparently developed cold feet, because he flipped it to Mariani for $2.825 million. Whether Mariani was wise to bail out that first buyer remains to be seen.

The architecture here has, so-far, proved off-putting to potential buyers, but that’s not to say that one won’t come along; not everyone wants a colonial, even in Greenwich.

Strikes me as a wee sterile and institutional, no?