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East Hampton's 112 Georgica Close Road Closes At $4.65M

When this French country stucco farmhouse clicked over to "In Contract" back in February, we noted that it did so after a pretty sizable $700K pricechop. Because the cut came only three months after the home hit the market, we suspected that the sellers were motivated enough to settle for something far less than the final listed ask of $5.2M. One reader thought that they'd go as low as $4.2M. They were close?the final purchase price was $4.65M. For a two acre property on Georgica (albeit an offshoot of the pond), it looks like the buyers did well for themselves. Thoughts?

· Listing: On Georgica Pond [Saunders]