The home of the venerable shoe kitchen, the subject of a September installment of That's Rather Hideous, has had its price cut once again, the second chop during its four months on the market. Listed in July at $995,000, the Water Mill three-bedroom fell to $899,000 in September and down to $699,000 over the weekend. How low will it go? The 2,000 square foot haven of kitsch is now for sale through Hamptons Auctions, with bidding starting at its freshly cut price. The auction is on through December 1st, so shoe lovers, get your paddles.
· Listing: Water Mill [Elliman]
· 356 Seven Ponds Towd Road in Water Mill [StreetEasy Hamptons]
· That's Rather Hideous: A Shoe Lover's Fantasy in Water Mill [CH]