The ultra high end oceanfront luxury market in the South Bay is unlike any other market.  Homes often sit on the market for significantly longer due to them needing a very elusive buyer that can purchase in the $10.0M+ range.

Having said that there are homes that are on the market for a long time….and then there are homes that REALLY sit on the market for a while.   While the days on market only shows 355, it was was actually on the market for much longer.  Originally listed in May of 2014 for $14,250,000 the home has been on an off the market ever sense with a host of various different listing agents.  With the pricing continually chasing the market downward the most recent list price was $9,975,000.  As mentioned it closed at $9,675,000.