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'Small' Montauk Oceanfront Estate Sheds Another $4.5M

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After landing a spot on our 2011 Summer Rental Roundup, the oceanfront spread belonging to Kenneth and Jeanne Levy-Church is headed to another Curbed favorite: the PriceChopper! The two-acre estate, which was crafted by architect James Biber, first hit the market in 2007 for $35 million, reports the Post. Thereafter, it scored recognition from the New York Times and the American Institute of Architecture. Says Biber to The Real Deal, "It's been one of those houses that's really struck a cord [with the architectural community]. It fits so nicely on the site."

So why exactly was the stunning 5,000-square-foot masterpiece, which is complimented by a separate 2,400-square-foot guest house, forced to drop its price all the way down to $25 million? Well, it might have something to do with the fact that the home is "small" compared to other East End estates, as agent Michael Schultz puts it. But it also might be because the "architecturally unique home doesn't necessarily have mass-market appeal," which the architect recognizes. Here's to hoping the new price tag helps bring this home to the masses!
· Let's 'tauk [NYP]
· Listing: 230 & 234 Old Montauk Highway [Corcoran]
· Montauk architectural prize winner back on market [TRD]