How Much for 2.4 Acres of Bayfront in Water Mill?

PriceSpotter is Curbed's price guessing game. We provide some details and pictures from a local listing, and you take a crack at the price. Thursday, we reveal the answer. No cheating!

What/Where: 7 bedrooms, 7.5 baths /Water Mill
Square Feet: 7400sf
Acreage: 2.4 acres
The Skinny: This bayfront property, with 440 feet of water frontage, recently suffered a pricechop. Outside, there's a boat dock and launch, a gunite pool and tennis court, as well as terraces and decking. The house interiors could use a refresh but are basically fine as is, and of course features beautiful views over sweeping greensward to the water.

So...how much do you think they're asking for it?