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Lily Pond Lane Home Once Listed for $29M Settles on $14M

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Smack dab in the middle of the tony Lily Pond Lane rises this circa 1913 center hall colonial. The home maintains lots of its old world detailing and mature landscape, but is not without its updates—the stark white kitchen and double-height family room are two noticeable additions. And there's even an updated three-bedroom guest house surrounding the pool. So how much does all of this cost? According to the East Hampton Press, the 1.8-acre estate was first listed in 2008 for $28 million. By 2010, it adopted a more realistic $17.5 million asking price, which eventually yielded to a $15.85 million one by August. Fortunately, the aggressive pricing strategy worked in some ways, because the house sold by November for $14 million. Just don't remind anybody about that $15 million discount.
· 102 Lily Pond Lane [Streeteasy]
· Transaction Highlights [27East]