Coming Glut Of Riverside Spec Homes?

This 1950's beauty (hint of sarcasm) is no longer with us. it has been replaced by a VERY LARGE spec house. To be priced at what? $5M? $6M? Higher?

234 Riverside Avenue, before. This early-1960’s beauty (hint of sarcasm) is no longer with us. it has been replaced by a VERY LARGE spec house. To be priced at what…$5M? $6M? Higher?

Could we soon have a glut of $5M+ spec homes right here in River City? Maybe, maybe not. It really depends on how they hit the market. If it’s all at once, that’s bad. If they dribble out one at a time, that’s better (and of course, like it or not, some of them are going to end up on the rental market).

In any case, there are a bunch on the way. On Riverside Avenue alone you’ll find at least four that will hit the market soon. Then there’s a couple on Hidden Brook, two more on Bayside Terrace, two on Lockwood Road,  one each on Lake Drive South, Winthrop, Summit Road, where else? Anyway, that’s about thirteen…

Here are eight Riverside sites about to come back on the market.

4 thoughts on “Coming Glut Of Riverside Spec Homes?

  1. Don’t forget that some spec houses already on the market for extended periods haven’t sold. There is one on Welwyn (looks like a nice house, great street, reasonable price, I don’t know what its problem is), one on Dawn Harbor, and the odd thing on Longview whose better looking twin sold, among I’m sure others.

    Add to that aggressively priced newer one owner homes which have come on the market, and the upper middle portion of the Riverside market inventory is pretty crowded.

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