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Always A Bridesmaid… On Rheims

Posted on July 10th, 2008 11:57pm by Candy Evans
Filed under Real Estate

Lydia Player over at Virgina Cook tell me this property may be a spinster. First it was offered as a new construction site with Ventura — fabulous builders, BTW, they have a home on Beverly across from the $15 million spec I wrote about in this month’s D Magazine. That price tag was $8 to $12 million. OK, it stays on the market 245 days, no buyers, goes off the market. They list it with Ellen Terry, and try to sell for land value at $5 million. Then the price was raised to $6.9 million for a year, before finally being lowered to $5.9 million. Reason for the price increase? Maybe because it’s down the street from 4300 Rheims.

Days on Market thus far: 245 days with agent #1 and 531 days with agent #2.

One Comment to “Always A Bridesmaid… On Rheims”

tom in dallas @ July 11th, 2008 at 7:32 pm

Obviously the curse of tearing down an architecturally significant Howard Meyer home for the lot.