The 1933 home is E-rated for “exceptional” on the city’s historic register and benefits from Mills Act. Even so, it provides modern amenities.
and benefits from Mills Act annual property tax savings in exchange for its preservation. Even so, the well-maintained property also provides modern amenities.
The estate sits behind a gate in the private gated community above Three Arch Bay Beach. A brick and stone pathway leads from the guest house to the main residence with its wrap-around patios and a staircase to the beach below, with flat viewing areas along the way. A corner brick fireplace warms the primary suite, which boasts an oceanview bathroom fitted with a soaking tub and glass-enclosed shower.Records show the property sold last in December 2018 for $9.395 million, down nearly 15% from the original $10.995 million sought two months earlier.
that originally came on the market for $25.995 million that January. But it’s a different market today, and properties have significantly increased in value for coastal properties like this one, hailed in the listing as a “rare gem.”
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