Years Later, Southampton Atterbury Estate Goes into Contract

This property was originally listed for sale back in 2007 for $24M. It's been on and off the market ever since at various price points. Back in March, $2M was sliced off the price, cutting it down to $18M, and now finally, the property is in contract.

We're not sure why the place lingered on the market; yes, it's kind of fusty and old-school, especially the kitchen, but the contemporary art really complements the architecture and keeps it all fresh. This property is the epitome of a Southampton estate, from the rolling green lawns to the beautiful rambling old house. The residence was built at the turn of the last century, designed by Grosvenor Atterbury, and was updated a few years back by designer Mark Hampton. The new buyers get a generous three-acre plot in the Southampton estate section, a house with 11 bedrooms, 13 baths, 9 fireplaces, and the requisite gunite pool and pool house. There isn't a tennis court, but there's plenty of room for one. It's just a short stroll to the beach and the village.

· Turn of the Century Atterbury Estate [Sotheby's]