The dunes of Bridgehampton. So lovely! And so on sale! Former Lehman Brother president Joe Gregory has sliced the asking price of his 2.5-acre, shingle-style Surfside Drive retreat from the $32.5 million he listed it for last summer to the new asking price of $27.9 million—a 14% hack. Gregory's desperation to sell the place had even led him at one point to consider—avert your eyes—renting the pad for this summer. All for a place where he's reportedly only spent 14 days himself. Good times.
· Listing: Bridgehampton Oceanfront [Corcoran]
· Lehman Ex-President's Cut [WSJ, 3rd item, via Clusterstock]