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$3.2M In Southampton: A Six-Bedroom Restoration


Where: 39 Elm Street, Southampton
Sale Price: $3,200,000
Sale Date: April 17rd, 2012
Bedrooms/Baths/Sq. Ft.: 6/5/4000
Acreage: .5
The Skinny: Readers might recall this "renovated to the nines" traditional as it made an appearance on Curbed Hamptons back in November. At the time, we noted that the $3.6 asking price would probably need to come down before a buyer was found. While the home was spared additional visits to the pricechopper's office, the final purchase does represent a $400K step down from the last listed ask. Even more painful (and probably expected at this point), the sale is a full $1M (more than 25%) off the initial $4.2M pricetag. Still, depending on how much money the seller spent on renovations, there's a good chance they ended up comfortably in the black. They paid $1.7M for the place back in 2005. · Listing: 39 Elm Street [Corcoran]