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East Hampton Oceanfront Returns to Market at $25M

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This vintage Scheffer-designed house on exclusive West End Road has been on and off the market at various price points for years. Originally listed back in the halcyon days of 2010 for $32M, and then chopped down to $25M, the property is back on the market at $25M. Pluses: 3.5 acres of oceanfront, great address (right next door to Grey Gardens!), comes with a cute little two-bedroom beach cottage right on the dunes. Minuses: not that much ocean frontage due to the shape of the property, house seems to need work, right next to beach parking lot. Do you think they'll get $25M?
· East Hampton Estate [T&C]