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Water Mill North Estate Drops Millions by The Month

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Today's $7.995 million Water Mill PriceChopper brings us somewhere we hate to go: North of the highway. The colossal manse in question hit the market in December '09 for $9.995 million, and then quickly shed about $1 million in February. Now, about three months later, the property has let go of yet another $1 million. With 6.5 acres of "Top of the World Magnificence," the estate does afford some killer, distant waterviews. That must count for something, right?
· Listing: 235 Roses Grove Road [Corcoran]