Several weeks ago MBC noted that, after a long drought of Strand listings, suddenly, there were 4 options
on public offer.
The prices then ranged from $6.9m
for the most livable home (a townhouse at 2700 The Strand
) to $8.2m
for the priciest of 3 lot sales.
The high end is down now.204 The Strand (click for pics & details via Redfin)
has made 2 adjustments, with the second cut this week taking it down a full $1m
.3404 The Strand (pictured)
began at $7.8m in early November, but it cut a million bucks at once just 10 days later (3 days after MBC's story), so it's at $6.8m
. (We are viewing 3404 as a lot sale even though there is a large, custom home on the land now. It'd be a funky, cool, fun property for someone at $3m-$4m, but at $5-7m it's probably got a date with a 'dozer.)
The fourth property mentioned in our prior story, 3216 The Strand
, went off market, last at $7.0m
This could turn into a long-term process of price discovery for Strand lots. The one to watch is 204 The Strand, the best location, where the neighboring corner-lot property (200 The Strand
) is now in advanced stages of construction on a new home. The county assesses 200 The Strand at $6.110m, apparently tied to a 2004 sale at $5.550m
Also, there's a new home on The Strand north of the pier that's for sale, but not on the MLS. More on that one soon.