A sprawling waterfront estate in Southampton, New York, has returned to the market for $27.9 million, a 20% discount from its asking price of $35 million last year.
The property includes a two-story main residence and a guest cottage, totaling 13,000 square feet. There are 11 bedrooms, 10 full bathrooms and three half baths, a library, a home office and a chef’s kitchen, according to the listing with Sotheby’s International Realty, posted Thursday.
Encompassing approximately 6.6 acres on a bank of the Atlantic Ocean, it has a 50-foot heated pool, a pool house, ample parking space and room for a tennis court, per the listing.
Listing agents Molly Ferrer and Ritchey Howe said in an email, “6.6 acres with a dock does not come around often, and the 13,000-square foot house with high ceilings is a perfect match with the large scale property acreage. One can boat or kayak to Shinnecock Bay and even the ocean from the dock.”
The century-old estate, which was built in 1910 and remodeled in 1998, was first listed for $35 million in March 2016, but was taken off the market after less than a month, listing records show.
The luxury market in the Hamptons has improved greatly since then, according to the latest market report by Douglas Elliman. There were 18 sales priced at $10 million and above in the second quarter of this year, doubling last year’s numbers.
The most expensive sale in the Hamptons during the second quarter was an oceanfront home on Gin Lane in Southampton, which sold for $31 million in May, according to Jonathan Miller, chief executive of real estate appraisal firm Miller Samuel and author of the Douglas Elliman report.
The seller, listed as a limited liability company in public records, could not be immediately reached for comment.
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