After 100 days, they're marking down the best views now on offer in the Hill Section, over at 636 8th.
Sure, $4.575m is still some kind of stratospheric price for dirt, but it's now about 6% off from the start price, and just 6% above the most recent, nearby, reasonably comparable lot sale in the Hills from 2010.
809 Highview at $4.3m in Aug. 2010 – a 14,000+ sq. ft. lot on the (preferable) downsloping western side of the street.
600 John, also at $4.3m in Jan. 2011 – a 9975 sq. ft. corner lot with big sweeping views where the new owners have decided to remodel the old 1-story house instead of scraping it.
704 Pacific recently closed at $4.295m – an 8960 sq. ft. lot with a charming, custom Colonial/Cape Cod home on it (5br/7ba, 4975 sq. ft., 8960 sq. ft. lot), but one that will get some (needed) serious remodeling now. It's got lesser views than the other properties mentioned in this post but they could be enhanced... TBD.
None is the perfect comparison to 636 8th, though. It's still looking for that ambitious, project-oriented buyer. With $7m-$8m to spend. That's big-game hunting.