Monday, October 25, 2010
6915 SEASIDE Walk, Long Beach, CA 90803
Wishing Price: $3,300,000
Sq. Ft.: 3,498
$/Sq. Ft.: $943
Lot Size: 2,394 Sq. Ft.
Year Built: 2002
Community: Belmont Shore/Park/Naples/Marina Pacific/Bay Harbor
On Redfin: 294 days
Down Payment: $660,000
Income Requirement: $754,000
Monthly Nut: $18,000
Description: Private Spectacular Location, Oceanfront, on the Sand with Awesome Panoramic Views of Catalina Island, Port of Long Beach, Seal Beach, Alamitos Bay and Naples Island. This gorgeous tri-level Mediterranean (2002 new construction) Peninsula home provides effortless waterfront living and entertaining. Dramatic sweeping spiral staircase leads you from the first to the second and third levels wrapping the circular turret. This open and airy floor plan has high ceilings, gorgeous architectural details including barrel ceilings and beautiful arches. Gourmet kitchen with granite counters, Bosch dishwasher, custom cabinetry, over-sized center island, Master Bath has a Hydro-System Whirlpool (78 x 44 x 21, 105 gal) bath. This incredible property must be seen to be appreciated custom paint, hardwood and travertine flooring, custom draperies, lighting and architectural details with absolutely incredible custom-design ceramic tile, large private patio over looks the Pacific Ocean.
I'll never understand sellers like this.
You've been collecting dust on the MLS for a few months shy of a year, yet your listing price has only come down $195,000, or 5.5 percent.
Five point five!
What the fuck are you waiting for, these appliances to come back into style?
Need I remind you that you're asking THREE POINT THREE MILLION DOLLARS?
There's simply no excuse for those old-ass appliances. I realize this place was built in 2002, but I'm reasonably sure stainless steel was popular even back then.
And even if it wasn't, you're asking THREE POINT THREE MILLION DOLLARS!
High-end buyers looking to drop that much loot expect Viking appliances at a minimum.
If the rest of the details and materials were as impressive as your staircase...
...you might be onto something.
But instead we get Mehhh-morial Day:
My dude, you need to get in the game.
By now it's exceedingly obvious that buyers aren't willing to shell out $18,000 in monthly outlays (yes, you read that correctly) for your idea of an "incredible property."
Plus, your Spanish theme is alright, but I think it looks cheesy and inconsistent with a high-end house (and wholly inconsistent with the modern exterior design).
For $943 per square foot(!), buyers are looking for The Four Seasons, not the The #4 at SuperMex.
Furthermore, you purchased in 2001 for a million clams...even after construction costs (which couldn't have been that much -- it's not like you splurged anywhere) you should still have a lot of equity and a nice, comfortable cushion.
Yet here you are, watching your property rot before your very eyes. And your obstinance is even more confounding when you consider the insane number of days you've been begging on the market, news of housing prices not only not recovering but in fact entering a double-dip, and reports of massive government layoffs (what were once thought to be "stable" jobs that home sellers could count on).
I just can't figure out why you're so reluctant to accept reality, lower the price, and get it sold.
"Seller/Owner/Principal Real Estate Licensed"
Say no more.
Well, one last thing: Can I just congratulate you in advance on your second year on the market?