Stamford’s “Greenway Island”…No One Wants?

"Greenway Island", last asking price $12.5M, so far fails to find a buyer, could be the price!

Stamford’s “Greenway Island“, last asking price $12.8M, so far fails to find a buyer, could be the price! (Link shows two previous listings, now expired)

I have a history of getting a bit carried away with properties like this, but dagnabbit, this place is ABSOLUTELY AMAZING.

140 Wallacks Drive is a 3 1/2 acre island off the coast of Stamford, and to me, it represents the epitome of waterfront living. It seems to satisfy every possible “requirement” I could ever think of for a waterfront investment (ok, it’s Stamford, not Hawaii, but other than that…)

• Plenty of land

• Safe elevation

• Huge beach

• Deepwater dock

• Waterside pool (plus what appears to be a semi-natural “pool” that captures Long Island Sound water.

• Classic, turn-of-the-century mansion

• Substantial guest house (stash the relatives, never have to see them!)

• Nearly 360 degrees of water views

It started at the fanciful price of $18,900,000. Worse still, the listing sheet warned brokers that any looker needed to be “pre-quailified”. It has been my experience that listings with that requirement don’t sell.

Two good brokers  Correction: Three good brokers (one was a dual-listing) have tried and failed so far, so I suspect the problem here may be the owner.