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Southampton Estate Gets A $2.5M Chop, Still Crazy Expensive

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This four-acre estate on the corner of Gin Lane and Little Plains Road in Southampton hasn't been on the market for three months yet, but it's already seen pricechop #1. Still, even after yesterday's $2.5M chop?which is more than the median home sale price in the area?the ask is still an eye-popping $22.5M.

The last time we wrote about the place, the listing was lacking photos that did the home and the grounds justice. It's since been updated with some new images and...daaaaamn! That's a mighty fine lookin' piece of property. "Meticulously tended rose gardens, specimen plantings, sweeping lawns, [and] meandering pathways" indeed! And while the home is in much better condition than we were imagining?though we'd still like to see the interiors?we have a feeling that anyone willing to shell out $20M+ is going to replace it with something a little less understated.

· Superbly Landscaped 4 Acre Estate On Coveted Gin Lane [Brown Harris Stevens]