Some brokers sniff at a price reduction of anything less than 10 percent.
The recent reduction of 1471 Lake Rd in Lake Forest to $8,300,000 doesn’t cut it by that standard – Koenig & Strey had previously offered the property at $8,950,000.
Still, the $650k difference is enough (excluding taxes, title and destination charges) to buy a Leblanc Mirabeau to master the Edens.
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