Worried about time on market and price reductions? How about 15 years on market and a price reduction from $60 million to $17.22 in order to get it sold? That is exactly what a 78.5-acre coastal California estate with its own helipad, hiking trails, and a vineyard went through in order to sell. The property, located on the Pacific Coast Highway outside of Cambria in San Luis Obispo County, has been on and off the market since 2010 when it was listed at $58 million. The property was listed at auction in 2019 at $60 million, but it received no bids. It was re-listed last June at $28 million and finally sold for $17.22 million according to Mansion Global. Read the full article on Mansion Global to get the juicy details. Think about that next time your agent says your property is priced too high!
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