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Ward Bennett-Designed Contemporary Closes At $17.6M

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After about two months of being listed as "In Contract," this Ward Bennett oceanfront on Southampton's Meadow Lane has now closed. Final purchase price? $17.6M.

Though that number is just a little over 10 percent off the final listed ask, it represents a dramatic step down from the original pricetag of $24.5M. Still, $17.6M is good enough to make it one of the year's biggest sales. It also adds another $15M+ listings to Tim Davis' 2012 sold pile.

· Listing: Southampton Oceanfront [HREO]