Contract for John Street acreage
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65 John Street, 9.3 acres, $8.495 million. Tried for $6.9 million in 2016 but since then, Sound Beach Partners has gone through the regulatory hoops to make it shovel ready, and that’s worth a lot. It was clearing the place of its native inhabitants that caused the most delay, but all done now.
Seller has plans approved by Wetlands and Planning & Zoning for a 2 ½ story, 15,000 square foot home with pool house, pool, tennis court with cabana, and a 3200 square foot half basketball court in the main house basement.
In the trade, we call this “improved land”
Land O Lakes pioneered the technique; keep the land, get rid of the Indians:
