This Water Mill estate took a monster chop over the weekend, falling $4.6 million to a $23.9 million asking price. Listed in February at $28.5 million, the four acre spread took the hit after just over nine months on the market. In addition to 400' of water frontage, the property boasts a 6,500 square foot main house, a guest cottage, pool and 'mature landscaping'. Bonus: 1.4 of those 4 acres are zoned as a buildable waterfront lot with a dock permit, for those looking for a side project. Although only aerial views are available online, the listing promises 6 bedrooms, 5 bathrooms and 'numerous spaces to relax and enjoy the beautiful water vistas'.
· Listing: Mecox Bay Estate [S&A]
· Mecox Bay Estate in Water Mill [StreetEasy Hamptons]