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Meadow Lane Modern Gets Its First Chop, Now Asks $5.495M

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The last time we took a look at this modern three-bedroom on Southampton's super pricey Meadow Lane, we asked readers if it was priced right at almost $6M. A pretty solid majority (53.7%) thought the ask was too high for the 2200 sq. ft. residence. Looks like the current owner agreed. After a little more than a year on the market, they've just slashed the pricetag by $500K. The owners are now hoping $5.495M is the magic number.

What do you think? Will the new asking price lead to a sale or can we expect to see further movement south before someone else gets to enjoy those sunsets over Shinnecock Bay?

· Listing: Open Bay Vistas [Saunders]