It's not often that buying a $1.3 million home is considered downsizing.
But it is when you're moving out of a $2 million mansion.
Edward J. Militello and his wife, Susan, sold their home on Rocky Point in Clarence for $2 million – a little over two years after buying the residence for $975,000, according to records filed with the Erie County Clerk's Office.
Eddie Militello owns E.J. Militello Concrete, a construction services contractor based in Clarence. Susan Militello said the couple declined comment for this article.
The Rocky Point transaction was not handled through the traditional multiple-listing service used by real estate agents.
It was purchased through a limited liability company that masks the buyer's identity. The buyer's attorney, Patrick L. Emmerling, said he could not comment on the transaction.
Built in 1993, it is 6,400 square feet, with five bedrooms and 5.5 bathrooms and sits on just under 1 acre of land in the Spaulding Lake development.
Barbara Baker, who listed the home when it was last sold in 2016, said she's not surprised at the sale price because the Militellos performed extensive interior and exterior renovations to what was already a beautiful home.
"He redid everything," she said, calling the home in its current state "exquisite."
She said the home also is appealing because it sits directly on the lake and has an unobstructed water view.
The Militellos purchased a home on Rockledge Drive for $1.3 million, according to the deed, again without going through the MLS.
That home is 4,990 square feet, with four bedrooms and five bathrooms. It was constructed in 2002 on 4.2 acres also in the Spaulding Lake subdivision.
The Militellos bought the home from Doreen Wendt. A history of the Wendt Corporation lists Doreen as the wife of company founder Thomas A. Wendt Sr.
Doreen Wendt did not respond to a message seeking comment.