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8000 Sq. Ft. Sagaponack Traditional Listed At A $2M Loss

Ouch.

If the info provided by PropertyShark is correct (and we've got no reason to doubt it), that's the first word that comes to mind. Why? According to the site, this seven-bedroom traditional last changed hands in 2007 (the purchase date should tell you where this is going) for the not-insubstantial sum of $9.9M. A little less than five years later, the owners?223 Parsonage Pond Road LLC?have put the 8000 sq. ft. home back on the market for $7.995M...or about 20% less than they originally paid.

Ouch, indeed.

· Listing: 223 Parsonage Pond Road [Corcoran]