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The Late Teddy Forstmann's Estate Is Now $3M Cheaper

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After hitting the market during the middle of March, the five acre "world class oceanfront" that Teddy Forstmann called home when staying in Southampton just got a massive $3M chop. Asking price now? A still massive $31M.

Still out of your price range? Why not try the $25M Norman Jaffe next door? Or, if you can stomach living on the bay and not the ocean, there a few properties on the north side of Meadow Lane that might be of interest.

· Listing: World Class Oceanfront [Corcoran]