There are a huge number of dos and don’ts when it comes to buying a property, but right at the top of the list has to be to avoid spending millions of dollars on a Cape Cod mansion teetering on the edge of a rapidly crumbling cliff.
And yet this is exactly what retired New York lawyer John G. Bonomi Jr (66) did in 2021. Realtor.com reports that he paid the asking price of $5.5 million for the 5,817-square-foot mansion, which was situated between Cape Cod Bay and Wellfleet Harbor and boasted five bedrooms, seven bathrooms, and stunning views.
