Best done in one swell foop

Why take tiny, incremental price cuts when a bold stroke will immediately bring it closer to where it should be? After a bit of dithering — $7.495 million to $7.250, 2 Winding Lane took a real price cut yesterday dropping from that $7.250 million to $6.395.

I’ve always thought it was a pretty house, and it’s far enough off Lake Avenue to mitigate traffic noise, but this property’s always been a bit of difficult sell. Purchased for $4.3 million in 2002, those buyers put it back up for sale in Marchg 2013 for $5.195, but eventually capitulated to the market and sold it at a loss to the present owners a year later for $4.075. It will be interesting to see if this latest price cut produces a buyer: I’m betting it will.