Someone is about to get the deal of the decade

88 Cedar Cliff Road in Riverside, current price $13.995 million, has found a buyer and its sale is pending. The 1928 version of this home was purchased by these owners in 2008 for $11.750 million ($17,895,000 current dollars) and completely rebuilt and expanded beautifully and expensively. It was put back on the market in April 2022 for $25.5 million, and there it has sat for 1,162 days, slowly dropping its price. It long since fell past what I would thought was a fair value, and it’s been a streaming bargain for at least the past year. Someone finally noticed.

(Readers have asked about this before, so I’ll repeat: the land between this property and the shore was carved out and donated by the previous owners and deeded to the Land Trust in perpetuity, so the view and the use of that land is protected, with no tax due. An excellent proposition).