Two houses down from that outrageous $58 million mansion sits this simpler six bedroom gambrel-style cottage with about 400' of frontage on Mecox Bay. So what to know about it? Well, the home's $26 million price tag was just cut down to $22 million. And that epic $4 million chop is made more epic by the home's original $28.5 million asking price. Looks like the homeowners final put their foot down (see giant foot sculpture above). Other points of interest include the parcel itself, which consists of two separate lots totaling 4.2 acres, and that nifty guest house, which sort of looks like a church—something no East End estate should be without.
· Listing: Water Mill Mecox Bay [BHS]