To answer your questions you would need to really sit down with an agent who is interested in taking the time to find these answers out for you. Will they take a lower offer? Possibly but in order to find this out you would need to present the sellers with your best offer. What do cc%r's protect? Each home or subdivision is different,some have restrictions on colors, parking vehicles outside overnight, and many other things. You would need to get a copy of the cc&r's for this particular home and read them thoroughly before knowing exactly. The listing agent has made the claim that the view is protected which is a bold statement but as an agent working in the best interests of my buyers I would never rely on this information without checking into it further. If you need further assistance please feel free to contact me.
Thanks and good luck, it is a beautiful home with an awesome view as you mentioned