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Waterfront in the Water Mill Estate Section is $24.75M

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Large house with attached guest quarters

This house was designed to make the most of the view of Meyer's Pond and Mecox Bay. There’s 1.46 acres of land and 500 feet of water frontage, which includes a boat dock. Of course’s there’s also a lovely pool and poolhouse. No tennis court, but it looks like there’s room for one.

The house could use some updates: it was built in 2008 and looks it. Also, the kitchen seems a bit small for such a big (7000 square feet), expensive house. But those are fairly minor issues. The main rooms aren’t too huge, and all have fireplaces for coziness, and there’s a nice sunroom off the kitchen for morning coffee. There are seven bedrooms and nine bathrooms, which includes a three bedroom guest house attached by a breezeway. The master includes his-and-hers bathrooms and dressing rooms, along with a balcony.

Now, for the $24.75M question—we think the house is a little ambitiously priced. $20M is more realistic, we think. What do you say?