A waterfront mansion in East Hampton, New York, that has been lingering on the market for over eight years at various price points, has finally found a new owner.
The buyer, under the umbrella of Briar 81 LLC, paid $25.925 million for the 12,000-square-foot house, according to the town clerk’s office.
The seller, also shielded by a limited liability company, first put the 2.1-acre estate on the market for $39.5 million in 2009. In 2014, the asking price dropped to $28.995 million in May, bounced to $32.95 million in October and came back down to $28.995 that November, along with switch of brokerages, according to listing history on StreetEasy.
The last listing was with brokerage Compass in August 2016, still asking $28.995 million. Listing agent Lori Schiaffino of Compass declined to identify the parties involved in the transaction.
Dubbed “Pond House,” the traditional-style mansion has over 200 feet of direct frontage on the exclusive Georgica Pond. It is also adjacent to 17 acres of meadow preserve owned by the Nature Conservancy.
The mansion has seven bedrooms and nine bathrooms, featuring natural hand-pegged Parquet de Versailles floors throughout, which are enhanced with 18th-century French Louis XV carved stone fireplaces, according to the listing.
Outdoors, there is an infinity pool and spa, a grilling area, a wrap-around terrace made of Turkish limestone and covered porches.
Additionally, there is a 1,800-square-foot guest cottage with its own living room, full kitchen, two bedrooms and one bathroom.
This follows another big-ticket sale in East Hampton over the summer. A mansion that served as a summer vacation rental for Bill and Hillary Clinton, sold for $29 million in August.
Curbed first reported the sale.
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