Leucadia spec home

Bought as a teardown in 2005 on an acre, west of the I-5 east of the 101 with a nice horizonal ocean view. A new home has been built with 6000-6500 sq. ft. of living space with a asking price of $4 mil. Will this one sell for near the asking price, continue to lower the price or be pulled off the market? Update; now in escrow as of 1/31