clock menu more-arrow no yes mobile

Filed under:

24 Ocean Avenue Trades For Less Than Half Of Its Initial Ask

New, 34 comments

After almost five years of languishing on the market, East Hampton's 24 Ocean Avenue has changed hands. Final sale price? Drumroll please...$8.75M! That number represents an enormous step down from the 2008 pricetag of $18.5M, but the seller can take comfort in the fact that they're not alone in the world of extreme discounts. 2012 has seen a fair share of properties that have traded for less than 50% of their initial asks. It's a buyer's market!
· Listing: 24 Ocean Avenue [Corcoran]

Maidstone Club

50 Old Beach Lane, East Hampton, NY 11937 Visit Website