Almost Oceanfront East Hampton House Now Slashed $5M

Last time we checked in with this property, which debuted on the market last Christmas, the price had been been chopped $3M. That was in August. Now another $2M has been sliced off the price. Is it a bargain yet? The house is small for the price and suffering a bit from the 1980s, but the rest of the offering is impeccable. Almost three acres with frontage on Georgica Pond, right across from the ocean. So great location, reasonable price, plenty of land, pretty gardens, nice pool.

Commenters were pretty scathing about the house. "What's that? Hear it yet? ...it's the rumble of a bulldozer off in the distance. Or maybe...its the sound of music. No it's Julie Andrews riding a backhoe." And "Thar she goes." Is the price now low enough to attract a buyer? Seems cheap to us now, even though it's possible some of the land is marshy and unbuildable.

· Coveted West End Road [Corcoran]
· Tour an Almost Oceanfront East Hampton House for $19.5M [CH]
· Almost Oceanfront East Hampton House Now $16.5M [CH]