Long Island's Gold Coast real estate was famous for excess and price tags. Now, they seem
to be more famous for price cuts.
Among the grand estates and mega homes lining the North Shore, price cuts of up to 50 percent are not unusual. Inventory remains high and they tend to sit on the market for quite some time.
Of course, you might not think that a $22 million estate going for $11 million much of a deal. We understand that many foreign investors do, especially Russians.
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