Tuesday, May 30, 2023

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Teardowns

Part of Westport

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A portion of a house at 100 Beachside Ave., which sold last March for $14.6 million in Westport’s most expensive real estate transaction, came down today. A demolition application specified that only part of the 1929 main house on the property would be demolished. Parts of the structure were updated and expanded in 1980 and 1984. The property—actually two parcels at 100 and 102 Beachside Ave.—covers 4.3 acres and contains a gate house, tennis court, two swimming pools (one indoor and one outdoor) and a 228-foot private beach. (See WestportNow March 30, 2005) (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

NY Times: Westport Teardowns Spark “Fascination and Fury”

Sunday’s New York Times, in a story on a real estate company specializing solely in teardowns, reports the firm has opened an office in Westport where “teardowns are a source of fascination and fury” and WestportNow’s “teardown of the day” is a popular feature.

Under the headline “Teardowns Reshape Suburbs, And Selling Strategies,” the newspaper said Xchange Properties was founded in a Chicago suburb four years ago and last November expanded to Westport.

It said the company, which enables sellers to market their properties directly to builders without having to pay a full sales commission or go through the charade of house showings, has plans to open offices in other “teardown hotspots” in Virginia, Florida, California, and New Jersey.

“In Westport, Conn., the site of Xchange’s Fairfield County office, teardowns are a source of fascination and fury,” the Times said.

Going Down: 5 Roosevelt Road

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A house at 5 Roosevelt Road in the Compo Beach area came down today as neighbors watched. Built in 1923, the home was purchased in May 2004 for $2,275,000 and was featured as WestportNow’s teardown of the day on Feb. 8, 2005. The replacement house will be the first new home on the street since the 1940s. Most of the houses on Roosevelt Road were built in the 1920s and 1930s. Residents had applied to rezone the street as an historic district but later changed their minds. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com