One has to wonder, if 140 Wallacks Drive in Stamford would have a deal today, if it had begun it’s pricing journey similarly to 209 Long Neck @ $12M+. It’s long, continuing journey began over 1000 days ago when it was introduced at $18M. It is not listed on the Greenwich MLS – not smart…
There are considerations to pricing that go beyond the square footage and acreage – and these two properties tell that story. Pricing any waterfront property relies on where that shoreline is. Wallacks Drive is twice the square footage, nearly twice the acreage – so one would think that these differences would compensate for Stamford vs Darien.
Market trends rule – and may be one part of the reason that Long Neck has a deal and Wallack’s Drive does not.
Today’s buyer wants:
- Relevant decor
- Move in ready
- Smaller Scale
- Convenient Location