Just about the only major liability is that the immediate area has been a construction site for years, and still promises to be for a while to come. As 202 Ocean was completed, the triple lot at 212 The Strand – just north – got under way. That huge home is now complete (see "Big, Beautiful, Too Much?"), and the finishing touches are going up on a home directly west on 2nd at The Strand.
But a couple of neighboring homes (204 and 208 The Strand) are slated for demolition soon, with a new double-lot Strand home to come. (Worth noting: those 2 lots went for a combined $12.8m.) Put aside the noise, and there's this other wrinkle: 202 Ocean loses some views when all these projects wrap up.
202 Ocean was offered last year for $7.5m, definitely stratospheric, but re-debuts now for $6.2m, or $1.3m less. As seems to happen often, this home was featured in the American Martyrs "Sophisicated Snoop" tour in May, a sort of prelude to formal marketing. This time, we think it'll find its buyer.
As you might hope for in a bold new Strand offering with the added contrivance of a formal sobriquet, this big (6br/5ba, 5550 sq. ft.) home reaches for another level entirely with its ambition.
They've jetted in reclaimed materials from old Tuscan homes, 600-year-old fountains and sinks from Cyprus, old ceiling beams and roof tiles. Some of the other parts were manufactured in Italy as well.
The home is back for its second tour, having been featured at MBC pre-completion back in April in "Another Week, Another Titan." Price is down a paltry mil, from $13.999m to $12.999m.
Short version: This subpar home (4br/2ba, 2475 sq. ft.) in a nice location was acquired as an investment in Sept. 2005 for $1.6m, but after various attempts to resell at a markup from 2007 to the present, it was last at $1.425m.
As MBC described it in the 11/15/09 update, when it was new to the market, the home is a "taut, sharply remodeled little 2br/1ba, 1200 sq. ft. cottage in the gaslight area." Current owners paid $1.250m in Oct. 2006; listing began at $1.150m.
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