A 120-year-old Hamptons house that returned to the market on Friday is trying its seventh price tag on for size.
The 10-bedroom house in Southampton, New York, first hit the market in 2012 with an asking price of $18.25 million, listing records show. Its price was dropped to $16.25 million in 2013, then it was relisted in 2014 for $14.25 million. The price remained around the $14 million mark before landing at its current $12.95 million ask last week.
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"It’s a great price that’s going to garner interest," said listing broker Pat Petrillo of Sotheby’s International Realty.
Located in Southampton’s affluent Estate Section—an area famed for its stately homes, many of which were built at the turn of the 20th century—the 9,500-square-foot property last changed hands in 1997 when it was purchased for $2.5 million, property records show.
The owner "has very successfully rented this property for a lot of money over the years," Ms. Petrillo said and has netted close to $300,000 for the month of August and $600,000 for a season.
Built in 1895, the house sits on two acres of land and has a formal living room, a paneled dining room, a library, a solarium, a wine cellar and a staff suite. Outside there are landscaped gardens, multiple patios, a pool house, a pool and a tennis court.
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"It’s been renovated over the last 120 years," Ms. Petrillo said. "Different owners have put their own mark on the property, but it’s always been done respectfully, respectful of the original architecture."
"It's a classic, authentic Southampton house," Ms. Petrillo added, which she defined as one of a certain age with high ceilings, tall windows and often—as in this case—a full third floor.
Curbed first reported the listing.