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Historic Georgica House Cherridune is Yours for $8.45M

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[Photo credit: Chris Foster]

Does anyone out there in the Curbediverse know the story with this house? Because the property seems like a good deal to us, and yet it's lingering on the market. The asking price is now less than what the current owners paid for the place ($8.5M) back in October 2007. Cherridune was built in 1901 for Mrs. A.E. Newman by Frank E. Grimshaw, Jr., and retains loads of its original charm. (Be still my heart for that bathroom!) The main house is 7400sf with six bedrooms, two of which have their own sleeping porches. There is also a three-bedroom guest house, originally built for Mrs. Newman's chauffeur. The basement contains a heated two car garage, an exercise room, powder room, sauna, laundry, changing room, and access to the rear patio with gunite pool. The property isn't large, at one acre, but the location is excellent, of course. So why can't this lovely place find a buyer?
· Cherridune - Historic East Hampton Estate Near Ocean [BHS]