7th Time's the Charm

After starting off new in 2007 at $3.950 million, dropping as low as $2.995 in 2010 and slowly climbing back between rentals over the years, 348 Sound Beach Avenue has sold for $5,000 more than its last asking price of $4.495 million.

I expect no credit for this accomplishment, but it is gratifying to note that Houlihan’s Marta Stroll, who held on to this listing for its entire 19-year stay on the market (!) finally accepted my decorating advice and, this time, had it sold in mere weeks.

2007 - 2008: $3.950 million— failed, rented

2010-2011: $3.599 — $2.995. Failed, rented

2014 - 2015: $3.395 — failed, rented

2016 - 2017: $3.395 - $3.249 — failed, rented

2020: $3.175 - failed, rented

2025: $4.495 – failed, rented

2026: $4.5 million

Note that monthly rents received over this period ranged from $14,000 to $18,500, so as an investment, it probably worked out fine.