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Billy Joel Drops The Price on His $18.5M Oceanfront Regift

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Back when his marriage to Katie Lee was just peachy, piano man Billy Joel decided to buy her a multi-million dollar oceanfront home near Gibson Lane in Sagaponack. But after their wedding went south (of the highway?), he listed it with Corcoran for $22.5 million. The ultimate regift! Unfortunately, the general population doesn't seem to agree, and the Nate Berkus-designed home was pricechopped, first to $19.9 million and now to $18.5 million. With a new price, 145' of oceanfront, and a long list of celebrity owners (including late actor Roy Scheider!), it's only a matter of time before Joel finds a buyer.
· Rich Cribs: Billy Joel Lowers Price [Real LI]
· Listing: Paradise Found [Corcoran]