I’ll Take Door Number Two, Monty

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For years now, I’ve blogged about a gorgeous house for sale on the ocean in Old Saybrook, 102a Sequassen Avenue and her sister house to make it a Hyannis-like compound, 102b Sequassen, 102b sale contingent ONLY upon the sale of 102a. Now together selling for $10.4m, down from their combined sale price of $13m. That’s Door Number Two in the photo.

Moosing around online this morning, come to find out now BOTH neighbors are now selling. I knew #100 was for sale, we talked about that before, it’s the one closest to the beach, Door Number Three in the photo. I see no redeeming qualities in 100 Sequassen, pretty much a meh house in my humble opinion, a scraper at $3.9m.

New to the market, ta da, the neighbor on the other side is selling #104 Sequassen, for $6.4million. That’s door Number One in the photo. Okay on the exterior but the interior, very dated, very 2004, actually looks older with the brass finishes and all the light wood cabinets. Nothing about it (to me) says beach. Bring in the dumpster.

So what do you think it is? Baby boomer age owners who want to bail on failing Connecticut and move to Florida? Fear of another hurricane that might wipe the whole fragile peninsula off the map? Feuding neighbors? Something is going on that all three (actually four if you count the second house with 102a) are for sale.

I’m thinking we pool our money, buy the whole row, tear down #100 and #104 and move the guest house, #102b where 104 is located.

All together, the four houses come in around $21m. Offer half that for the whole magilla? Who’s in?

Happy Monday!

19 thoughts on “I’ll Take Door Number Two, Monty

    1. Thanks for the info!! From the map, it looks like House number 3 will never be sold, only torn down if it’s on the other side of the red line. Am I reading the red line correctly? I’m used to Obama’s red lines meaning nothing so I want to understand what this red line means.

      1. The red lines in FEMA are just map panel edges – like the Obama line in the sand.

        It’s the harmless white lines that are the hazard zone boundaries. Mostly AE11 which is not too bad.

        But all the light blue tones were a wash-over in 1938 and Sandy 2012.

  1. We have old friends who summered on Fenwick who sold about a decade ago. Their house was strictly a summer place, no air conditioning, no heat. What we noticed when visiting them was it seemed the average age of the owners was 150, well-to-do retirees who have a big house for the kids and grandkids. Most of them don’t want the hassle anymore and as you said, want to move to Florida or North Carolina. I don’t see the young ones buying there, the country club is very old school too.

    I’ll pass on pooling my money to buy them. I think they’ll sit for a very long time.

    1. I’ve only been to Fenwick once but funny, your assessment of the median age seems spot-on. You’d think with its proximity to NYC, Old Saybrook and Fenwick would be an easy and perfect summer home destination.

  2. I think the simple truth is that most people who have this kind of money don’t want to be in boring and (other than Fenwick) pretty blah Old Saybrook for the summer — they’d prefer Nantucket or the Vineyard or the Hamptons or, if they want something quieter, Watch Hill (or, if in this area, Madison). I for one would far prefer to take my $10m to Watch Hill, but you can buy a lovely house for $10m in any of those places. Plus, true old money hardly exists anymore, at least “money” enough to support these places, so traditional enclaves like Fenwick which were historically clubby are dying out as heirs sell and the appeal wanes. My parents live in a much more humble seasonal Connecticut LI sound-fronting enclave where true cottages start at around $600k and nice new waterfront tops out at around $2.5m-3m. Sales are slow but not dead — but that’s a wholly different segment of wealthy than those who can pay $10m for a summer house.

  3. Oh, what a pretty house ! The location is much too vulnerable for me to consider even if my Wednesday quick pick is the luck one. Can you find a similar house perched on rocks high above the ocean? There’s a lot of rocky coastline in New England north of Cape Cod. We could start in Maine.

    1. As pretty as Maine is, it’s not on my radar for a house. The kids went to camp in Maine and we loved picking them up and hanging out. It’s gorgeous. Martha Stewart’s house there is stunning but it’s the rocky coast line and lack of sandy beach = not for me.

      1. There are sandy beaches in Maine. If you can swim in the Maine ocean you’re made of sterner stuff than I. Maine’s out of the running, then.
        Would a lakefront property do? One of those rambling Adirondack places?
        It’s fun to look for houses for other people which is how I found CF’s blog and then, yours.

        1. The lake v. ocean is a constant discussion I have. With the RI house already ocean, my kids say forget any water option, and be at the top of a mountain in NC with a long wide view.

        2. We went to a wedding at The Chattooga Club in Cashiers NC, about 45 from Asheville. The club house was to die for, lots of amenities for families and gorgeous houses with views. Check it out. I don’t know how pricey it is but if views is what you want, you’ll get it there in spades.

        3. Anon2: I’ve never heard of Cashiers but Googling it now wow, what views. You ain’t whistling dixie. The Chattooga Club looks very pretty too. I wonder if the clubhouse is only open to residents in the summer. But maybe no one lives there in the winter, period. Thanks for the heads up.

  4. I always thought #102a and b would be worth it if you could somehow get #100 for buffer/beach access/expansion – but the FEMA maps are worrying. How about offering the $10m-ish amount for Kate Hepburn’s place and I could pretend to be Howard Hughes with a seaplane?

    1. If you are as regular a beachfront house hunter as I am and moose in/around CT, it’s shocking shocking shocking how long houses on the ocean sit unsold. Not just Fenwick. FEMA has everyone worried.

      Katherine Hepburn is surely rolling over in her grave at what the developers of her old house did to it. They basically pimped it out, made it Greenwichy in a community that is the total opposite. I wouldn’t buy that house for $1.50 because my heart hangs on the look, inside and out, of 102a/b Sequassen. But you can still pretend to be Howard Hughes there, okay?

      1. oh no, i agree that 102a/b are superior and worth it. what’s up with the lighthouse? still functional or is it scheduled to become a museum for the first Irish slaves that set foot in this country?

  5. What about oceans rising with climate change?? I wouldn’t want to be anywhere near that water. Here in Australia we’ve had entire houses just fall into the ocean after a full moon storm surge king tide; too stressful for me. But your fantasy is fun, no doubt : )

    1. Houses have fallen into the water here too, all along the coast. It is a problem many places where cliffs erode. The third house in this post is the most susceptible to an eroding beach. The other two are far enough away. I think! :-).
      Thanks for stopping by.

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