In a notable real estate development, comedian Louis CK has significantly reduced the asking price of his historic Shelter Island estate, originally listed at a much higher price point. This Tudor-style residence, constructed in 1901, spans 5,300 square feet and is situated on a spacious 2.02-acre lot. The price cut reflects current market trends and showcases the challenges luxury properties face, particularly those with historical significance. Such moves may indicate a shift in demand from high-end buyers toward more contemporary options within the market.
Key points from the listing and price adjustment include:
– **Property Description**: A three-story, Tudor-style residence built in 1901.
– **Size and Land**: The property encompasses 5,300 square feet on a 2.02-acre lot.
– **Market Trend**: The significant price reduction parallels challenges in the luxury real estate sector.
– **Owner’s Strategy**: The listing cuts demonstrate the owner’s responsiveness to market demands and buyer interest.
You can read this full article at: https://wrenews.com/louis-ck-cuts-price-nearly-in-half-on-shelter-island-estate-listing/
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