Third price cut; maybe this will prove the charm, but anything that’s gone stale in the current Old Greenwich market must have some problems

I’d start with the developer’s decision to sacrifice the entire tiny backyard to a swimming pool: half the market doesn’t want one, and that percentage only decreases when buyers have young children, as so many do in Old Greenwich.

Regardless, 60 Park Avenue has now dropped to $5.195 million from its September opening price of $5.495.

Just for fun, here’s how the listing broker for the bungalow that was replaced by this one wrote up her listing. A combination of Kamal Harris-speak and dripping sentimentality all in just one paragraph.

Plan, Design, and Build your dream home in Old Greenwich Connecticut. Currently, 60 Park Avenue is the site of a 1912 Bungalow in need of a singular vision of what could be. This incredible home site is nestled directly in the heart of the highly desirable enclave of Old Greenwich. Imagine the forever home you could build on this .26 acre level lot in a neighborhood full of historic and modern reimagined homes. This opportunity, to create your ideal home in this location, rarely happens in life. Moments from the quaint yet tony Old Greenwich Downtown Restaurants and Shops, @ 1/2 mile to Metro North Old Greenwich Train Station, and @ 45 minutes from Grand Central this is the opportunity you've been looking for.

Listed in January 2020 for $1.2 million, it finally sold that July for the plebeian sum of $915,000.