A sizable chop this morning in Water Mill by way of a 10,000 square foot traditional near the bay and the ocean. Listed in August at $12.95 million, the home took a $2 million cut to bring the price down to $10.95 million. At 7 bedrooms and 8.5 baths, the bucolic-looking spread is big, but surprisingly scant on details in the description. What we do know: it boasts waterviews, a private cul de sac location and a high fireplace-to-bedroom ratio (5:7, to be exact). As usual, tennis and a pool go without saying, but the smallish 2 acre property doesn't reveal anything else. An $11 million mystery.
· Listing: Stunning Water Mill Traditional... [Corcoran]
· 52 Luther Drive [StreetEasy Hamptons]