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Wainscott Estate Of Late Congressman Sold At A $10M Discount

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We've been anxious to learn the final purchase price of the late Stuyvesant Wainwright II's Wainscott estate since it found a buyer over the summer. Today, we finally got the number: $8.5M. Considering the property boasts almost five acres and 600 feet of frontage on Georgica Pond, it looks like the buyer did pretty well. The seller, however, was forced to cut a full $10M from their original asking price (last item) of $18.5M. It's worth noting that the difference is big enough to make this 2012's biggest discounted sale?just besting 88 Surfside Avenue by a few percentage points.

· Listing: Georgica Pond [Brown Harris Stevens via HREO]