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An Egypt Lane Grande Dame is Yours for $3.6M Less

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When this property hit the market just before Labor Day, most commenters (in between arguing about the Maidstone Club, which this house adjoins) said they liked the house but the asking price, $22.5M, was too high. "The house reads old Hamptons which would obviously be a turnoff to some. It's lovely and with some work will be fantastic. Price is obviously a stretch but more power to them. Someone will appreciate this place." "As an East Hampton architect, I have to say this is perhaps the most enchanting, historical, European style cottage on the East End. I have been in this home and although it needs an update, it is truly spectacular. The very best house on the End End. Well worth the price - whomever buys this is very lucky. And the property is amazing!" Several months later, the price is a much more realistic $18.9M. We still think that's too high, but we'll see what happens…

This house, "Little Close," was built in 1921 for William Jenney by architects Polhemus and Coffin (who also designed Normandy House in Southampton). Located next to the Maidstone Club, the property retains much of its original charm and offers beautiful mature trees and gardens. There is 1.6 acres of land with a 60' pool and pool house with his and hers changing rooms with baths. The house itself is 4875sf, with eight bedrooms and 4.5 baths. The décor is tired, though: the fusty old grandma styling needs updating, the kitchen needs replacing, and those wallpapered ceilings are triggering our claustrophobia.
· Egypt Lane Gem [Rosehip]
· An Egypt Lane Grande Dame is Yours for $22.5M [CH]