I first posted this 5+1 bedroom, 5 bathroom house on a 50 x 124.42 foot lot right on the beach at 412 Lake Front in the Beaches in May 2012.

It was listed for $8,000,000.

I thought that was INSANE at that it might go for $3,500,000....maybe!

But not $8,000,000!?!

I wasn't the only one who thought this was crazy and the price was dropped in June to $7,500,000.

Sure, there were 2 panic rooms (really!?!) and an underground tunnel to the garage, but that price was still insane.  $4,000,000 at the most!

And who did they build this for!?!

It never sold and it was brought on the market again this spring at $7,500,000, but this time, a reader pointed out the listing had a video!  And I have to admit, with a better look of the house, it was impressive.

I changed my price to $5,250,000.

But again, it didn't sell and, in May, I posted another price drop.  This time to $6,750,000.

Well....it finally sold last week....

For $#,###,###!!!!

That's good news if you live in the Beaches....if living among massive houses with owners that need 2 panic rooms is your thing.