Now that's a price cut

San Clemente home hit the market at $4.2 million, and then, four days later, it was reduced by $1.3 million. So now it's $2.9 million. The place is not huge - 3 bedrooms, 2 baths, 2,817-square-feet - but as you can see from the picture, there's also an ocean view. OC Register notes that the home last sold in 1999 for - are you sitting down? - $450,000.