$8.1 million in Long Beach

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Good morning. News item: A waterfront home in Long Beach has sold for $8.1 million, a record for that city. We don’t know if it’s worth $8.1 million -- our expertise tops out in the six figures -- but that is a good-looking home.

In addition to the price, and the picture, two things caught our eye on this one: The video tour on vimeo.com -- how long before everybody selling a house does this?

And the price reduction of $2.8 million, as reported here by Curbed L.A. and here by the Press-Telegram, which points out the house was sold in 2003 for $7.6 million.

Photo Credit: Dreamhomesmagazine.com