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AMG's 5 Beach Plum Court Closes At 50% Off Its Highest Ask

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When we wrote about this 5,600 sq. ft. modern in Amagansett moving into contract in February, we noted that the owner, Ds Hampton Homes LLC, most likely "settled for even less" than the asking price of $7.9M, "just unload the place." However, we weren't expecting to learn that they agreed to sell at almost $2M below that. What's even more painful (for the sellers, anyway) is that the $6M closing price is a full 50% less than what they were hoping for back in 2009. Ouch.

Now, if someone could pick up the Jaffe-esque next door neighbor, that little slice of Amagansett oceanfront may finally be back in business.

· One Of AMG's Most Expensive Homes Finally Found A Buyer [Curbed Hamptons]