I listed 90 Club Road last week for $7,000,000. It is 1.36 acres in the one-acre zone. There is a perfectly nice house on the property, quite livable by my standards but, like almost everything else that has sold in and around Club Road lately, it’s a likely “land” sale.
I grew up on the adjacent Gilliam Lane and back then, all of us certainly appreciated Club Road but no one would have imagined this level of popularity!
For context, here are the prices of recent house sales on Club Road and vicinity, all within five properties of my new listing, all immediately torn down:
73 Club Road $9,500,000.
95 Club Road $6,755,000.
74 Club Road $6,565,000.
45 Gilliam Lane: $6,250,000.
100 Club Road: $4,250,000.
42 Gilliam Lane: $3,760,000.
58 Club Road: $3,500,000.
My listing at 32 Gilliam Lane, on .69 acres, also a likely tear-down, now has a deal in the low $2M’s.
At the top of the street, 11 Club Road, a spectacular Victorian, sold for $6,025,000 and (hooray!) was not torn down but instead underwent a year-long renovation.
The highest price paid on Club Road for a finished house was 35 Club Road, which got $8,675,000 when it was new, and $8,450,000 the next time around.
What’s the street’s potential? I think most brokers would agree that the new Shope Reno-designed, Sound Beach Partners-built mansion at 73 Club Road would easily get $20,000,000 if it were put on the market.
Is that the Kerrigan’s old house in the picture?
Anon:
Ha! That happens to be the way I refer to it, as well. My friend Siobhan Kerrigan lived there, along with what, EIGHT brothers and sisters?
Though it is your listing………………….
One:
Yes, yes, I know, I know. Do you often see me plugging my own listings? you do not. I thought, nevertheless, that this particular one had special interest, Club Road has become a real estate phenomenon.
Gideon – You’re making us shake our heads. Is 18 Club still standing?
Andy:
I am SO happy to report that 18 Club, your family home, is very much still standing!
happy birthday gideon! 2/15/1957-greenwich hospital!
river:
you act like you were there!
Maybe he was, nine months before.
So, about your listing, I’ll take two!
Your listing…Freddy Fitzgerald’s old abode back when we were terrorizing Gilliam Lane.
Cobe:
Precisely…
Probably better to wait for a resale before buying for land value.
Anon:
Er…huh? I don’t get yew…
land sales of #’s 73 & 74 indicate a premium of 50% to be on the waterside of club road. #90 seems a tad overpriced relative to the sale at #95 across the street and on the water, even after factoring in the larger lot. will be interesting to learn what the market says.
whats going on in Belle Haven
Some:
Plenty! I’ll post an update.