200 Bay Lane, a monstrous 14,000 square foot new construction in Water Mill, has raised its price back up to $21.5 million. The nearly complete home with water views went on the market in April 2008 for the same price, but was chopped in June 2009 to $19.95 million. With no takers, and today's good news about Wall Street's buying power, the price jumped over the $20 million mark again. No interior views yet, but the John Laffey-designed home on two acres comes with 7 bedrooms, 9.5 baths and a dock in nearby Mecox Bay. Not too shabby.
· Listing: 200 Bay Lane [Corcoran]
· 200 Bay Lane [StreetEasy Hamptons]