patrick.net

Price down $100,000. BFD. Another $800,000+ or so to go.

from the ariel view, you can see that the boat slips are shallow. That may be why you see the deep keeled sail boats bouyed in the main channel. I guess you use your boat slip to store your dinghy to get to your boat parked in the channel.

Wow TS, you're good. I know the waters around this and other areas of eastern LI well, this is a shallow creek. That's exactly what they do.

But FYI: the road shown floods when there's a combo of high tide and nasty weather. The road is closed at least a couple of times a year; homes along it can have flooded basements at those times.

So frankly, wouldn't touch the houses along there even if they dropped to a fair price. But don't think anyone will have to worry about that though. I put this listing up because the asking price, even for the bubble loving LI east end, is beyond bizarre fantasy. Prices for the cruddy a*s end water front homes and anything east of the Shinnecock canal ( http://en.wikipedia.org/wiki/Shinnecock_Canal ) went to the stratosphere like everywhere, but for some reason reality hasn't yet taken hold like in CA/AZ. Everyone still thinks their sh*tbox is a gold mine. Maybe cause the NY bankers still have tons of money, and apparently will for a long time.

OK, not another price reduction but now they've thrown in the staged furniture. Painful.

Hmm, down to a mere $1 mil now. With an additional 50% decrease they may rustle up some interest.

Had to go by there last week. No reductions, but now they are planting flowers along the road for buyer-bait. So excruciatingly painful...

IT WON'T WORK DUDES... SLASH THE PRICE

Liz Pendens says

No reductions, but now they are planting flowers along the road for buyer-bait.

Buyer-bait flowers are dead.

I guess watering them is too much when you're only asking $1 mil for a back-fired flipper, in a neighborhood that barely supports half that price.

Let's see what happens when it gets late in the season.