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This Water Mill Mansion is Asking a Mere $35M

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The listing for the newest oceanfront property to hit the market starts, "Rarely does an oceanfront estate become available in this coveted enclave of Fowler Beach in Water Mill." Well, except for last year, when the house next door sold for $11.5M, sure! That was a smaller house with slightly less land, granted. This property is 3.3 acres, with beautiful views front (ocean) and back (Jule Pond) and plenty of privacy. The house, built in 2006, is 7600sf with five bedrooms and 5.5 baths and is upside-down style to make the most of the views. The interiors seem a bit cheap and cheesy for a $35M house, with furniture and lighting that looks like it came from Costco. What do you think of the price?
· Fowler Street Oceanfront Residence [Saunders]