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Cotuit Harbor Two Bedroom Hits The Market For Close To $8M

We're going out on a limb and guessing that the $7.9 million asking price for this property has little to do with the 1,372 sq. ft. ranch house and everything to do with the land. No doubt the two bedroom, two bathroom one story house is lovely, but with 8.75 acres, 330' of frontage on Cotuit Harbor and the potential for subdivision into three lots, this place has what mega-mansion developers dream about (besides money).

Last sold in 2007 for $7,750,000, just shy of the current asking price, it looks like the sellers will be letting go of the place at a loss.

Listing: 55 Putnam Avenue, Cotuit [Zillow]