clock menu more-arrow no yes mobile

Filed under:

Has Rollercoaster Pricing in Montauk Scared Buyers Away?

New, 11 comments
42 Old Montauk Highway, Montauk
42 Old Montauk Highway, Montauk


We originally brought you this 7,000 sq. ft. house at 42 Old Montauk Highway more than 6 years ago. This 5 bed 4 bath estate has had quite the interesting pricing history. Please note, we emphasize the phrase asking price, because the property has not actually changed hands in a long time. According to Zillow, the house was originally listed at $35M in 2008. There were no takers, and the sellers increased the price to $50M in 2010. Huh? After no traction, the property was removed from the market in 2011. Well, that's much ado about nothing. The Zen like house (wait, is Zen a kind word for dated?) just hit the market yet again for just under $50M.

So much drama surrounds this asking price. But, we're curious if the sellers think their 35.5 acres will look like a bargain next to their neighbor's pricey pad that's being marketed for $85M. Plus, let's not forget the custom engineered steel in this house withstands 150 mph winds. That's serious construction! And, radiant heated marble flooring throughout with a path to your own beach and pond are some pretty swanky amenities. But, we're still hung up on that ask. They've never gotten their $50M price tag. Are the sellers dreaming? Please let us know what you think!
· Zen in Montauk. [Corcoran]
· 42 Old Montauk Highway. [CH]