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Southampton's "Wyndecote" Sees Its Price Upped To $12.5M

Designed by and built as the personal residence of architect Robert Henderson Robertson (who also designed Southampton's Village Library and remodeled St. Andrew's Church in 1887), "Wyndecote" is one of the first residences "that transformed Southampton from a rustic village into the world famous resort that we know today." It was last purchased for $2.85M by Enrique Foster Gittes?an investor known for business turnarounds and no stranger to pricey real estate?who then "lovingly restored [the home] to its former glory." The eight-bedroom home now includes all the modern amenities like a heated Gunite pool, a sunken tennis court and central air conditioning but still retains the 19th century details.

As you might expect, the pricetag on the 1.5 acre estate has also been updated?although rather curiously. When the home first hit the marketin 2007, Mr. Gittes was asking $12.5M. Then, after a couple of chops, the price eventually fell to $11M. That number didn't stick around for long, though. A $1.5M priceup this past weekend has the home back to its original asking price.

· 'Wyndecote' [Old Long Island]
· Wyndecote [House Hungry]
· Listing: 354 South Main Street [Corcoran]