Just popping in for a comment here. That house on Camphor was stolen by any measure. Finding a nice newer 1 story home in NCC is hard enough let alone a 2600 sq ft home. Throw in a pool and sit down panoramic ocean views and you have the single hottest and hardest to find commodity there is. Not only cant you compare it with non-view homes, you cant compare it with 2 story view homes either. There are always older cash rich buyers looking in this market for exactly what that home offered.
A house like that would have sold easily on 9/11. The banks got totally hosed on that one.
To put it into perspective the last newer 1 story ocean view house I saw with that kind of view sold in the Bay Collection in December 2008 when the market looked about as grim as it ever has. It was 3500 sq ft and sold for $1.83M. House stolen….Case closed
