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Villa Maria Pricechopped $10M, Down to $39.5M

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615 Montauk Highway Water Mill NY
615 Montauk Highway Water Mill NY

Last time we checked in with Villa Maria, the beautiful c. 1910 estate in Water Mill, about two years ago, the price for the house plus 7.6 acres was $49.5M. (The property currently comprises 15 acres in toto.) Now $10M has been sliced off the ask; if you wnt the house plus all 15 acres it'll run you $67M; formerly it was $85M.

The house, which used to be a retreat for nuns, was purchased back in 2005 by Nine West founder Vince Camuto for $35 million. Then the Camutos put the house and the entire 15-acre spread through six years of total renovation. It has been on and off the market for years now; originally asking $100 million (a price "open to discussion") back in 2008. The 22,000-square-foot main house boasts 11 bedrooms "including a 6-room beautifully appointed master suite, a handmade stone and wrought iron staircase, [and] a 60 foot living room with original fresco details." Of course, Vince Camuto died earlier this year, although we doubt that has anything to do with the pricechop. Such a huge, expensive property right on Montauk Highway is a tough sale.

· Villa Maria [Sothebys]
· All Villa Maria coverage [Curbed Hamptons]