Sheepshead’s Bedroom Community at Chateau Prices

(Photo by Ray Johnson with special thanks to David Smith)

Okay, friends. It’s official. We’re living in the shadow of something amazing. It seems that a single-family property in Manhattan Beach has sold for $3,050,000.00. This normally might not garner our attention, except that in this market where home prices are dropping and, supposedly, no one is buying, this particular property has increased in value in astronomical fashion.

Information from Brownstoner.com, a website that seems to truly know “Brooklyn inside and out”, compared this to other home sales in Brooklyn. The Brownstoners say that the 150 Hastings Street property last sold in 2005 for $800,000. This is where my mind blanks out.

So, to help me out, a link is provided to another website, Property Shark, where I was able to log on and see the details regarding the property. This site is very informative, providing links to the NYPD statistics, amongst other useful data. But, one of the things the site failed to tell me was who bought the property, how they were able to offer so much, and why! It sounds like we need the Real Estalker to help us figure out if we have a real celebrity living amongst us.

What did the property look like in 2005 and is there where Lam Sai-Wing’s gold and diamond-encrusted bathroom fixtures went when they were auctioned off this past July? Well, that’s the only thing that could justify the huge difference in selling cost from then to now.