New spec construction in the Sand Section doesn't happen often. The spec market focuses on the suburban Tree Section and East Manhattan.
[Side note: Sand Castle construction for prizes happens this Sunday. See this DigMB story or the end of this post for more.]
In the past year, we count only 4 closed sales of new construction in the Sand Section. (It's 11-12 in the Trees over the same span.)
This week, we saw 2 of those 4 new homes close on the same day:
516 4th (5br/6ba, 4300 sqft.) is a spacious, fairly glamorous, white, bright and open "Plantation Chic" home in the quiet South End.
There's a welcoming, open living room on the entry level, opening to a covered patio and picket-fenced yard. The middle level has no walls except those surrounding a……