How many days for sale in Mission?

It's All-Star week in Major League Baseball this week. Did you have your money on Prince Fielder to win the home run derby?

Today's property is an all-star in its own right. Any place that's been on the market for 700 days deserves a bit of attention, so here we go with an abridged property profile...

23522 Coso #199, 92692
Asking price: $299,500
Asking price/ sq ft: $225
Purchase price: $137,000
Purchase date: 7/27/89
Size: 2 beds, 2 baths, 1,331 sq ft (built in 1980)
MLS: S501459 (699 days on Redfin)
ZipRealty price tracker: Price Reduced: 11/29/07 -- $449,900 to $419,900
Price Reduced: 02/09/08 -- $419,900 to $329,900
Price Reduced: 07/09/08 -- $329,900 to $319,900
Price Reduced: 10/10/08 -- $319,900 to $314,500
Price Reduced: 11/06/08 -- $314,500 to $309,900
Price Reduced: 02/05/09 -- $309,900 to $299,500
Type: Condominium
From listing: Upgraded 2 bed, 2 bath (2 master suites), with elevated panoramic golf course view from balcony and living room. Approximately 1400 square feet, an original model in the gated condominium community of Finisterra on the green. Close to Lake Mission Viejo with full lake privileges. Plantation shutters in living room. New blinds. Crown molding. Track lighting in entry hallway. Street level walk-in with no stairs. Single car garage with extra storage loft and additional parking in assigned carport. A must see!

These sellers win...we get it...they're not going to sell until they get their price. Geez already.

The first price reduction came in November 2007 (!)...the most recent was in February. So far, we've seen reductions totaling about $150,000. Can you believe this was once for sale asking $449,900 (or $338 per square foot)?

We're not even going to calculate how much potential profit can be made here, because frankly were pretty darn sure this property is going to continue to sit on the market.