Blackstone CEO Stephen Schwarzman must be eager to move into his $34 million Water Mill estate untethered, as he's already chopped the price of his soon-to-be-former home, Cove Hollow Farm. The $7.2 million East Hampton spread fell to $6.75 million this week, following a short, but slightly disputed time on the market. StreetEasy claims the Farm hit the market in early July, while the WSJ reported it at the end of August, but let's not get lost in the details. The Georgica property must be a thorn in the billionaire's side, as he has floated two Hamptons estates since 2005, when renovations on the Water Mill mansion began.
· Listing: Cove Hollow Farm [BHS]
· Cove Hollow Farm [StreetEasy]
· Schwarzman's Cove Hollow Farm Hits the Market [CH]