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.
11 Club Road, a beautiful 1893 Victorian, sells for $6.025M.
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.