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Robert A.M. Stern-Designed Five-Bedroom Gets A $2.05M Chop

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Perhaps all the recent hubbub about sellers getting realistic with the price of their houses is true. Take, for example, this 4800 square footer in Bridgehampton. It hit the market about five months ago and just lowered its ask from $12M down to $9.95M, or about 17%.

Designed by Robert A.M. Stern (his firm is responsible for the updated EH Town Hall Campus as well as the East Hampton Library expansion) the five-bedroom features a trio of fireplaces, a large great room with a full-sized bar, wood and brick flooring throughout, and a detached four-car garage "that could easily be turned into a guest cottage." The roughly 4 acre south-of-the-highway property (2.5 acres of which are part of an adjacent agricultural reserve) is located on a private road about one mile to the beach. The grounds also offer the requisite heated gunite pool as well as room for tennis.

Think the chop will be enough to find a buyer?

· Listing: 64 Mecox Fields Lane [Prudential Douglas Elliman]