Modern Montauk home on the market for seven years, still slowly cutting its asking price

It originally came on the market in 2010 for $2.7M

By Grace Cassidy Oct 13, 2017, 10:00am EDT

Curbed has featured the modern home at 18 Ferndale Place in Montauk a few times since it came on the market in 2010 for $2.7 million. The modern AIA award-winning structure is in its seventh year on the market, now asking $1.75 million—almost one million down from its original asking price.

It has cut the asking price several times—and changed realtors several times, too. It’s been listed with Sotheby’s International Realty, the Corcoran Group, and Douglas Elliman. As of late, it’s been listed under Nest Seekers International Real Estate’s Alex Piccirillo and Susan Alvine.

The 3,000-square-foot home, dubbed “Moontalk” by architect Maziar Behrooz, has an open living space, bamboo flooring, two wood-burning fireplaces, a gourmet kitchen, two master suites, and a rooftop garden terrace. Outside, there are mahogany decks enclosed by stainless cable railings and covered decks near the heated infinity edge pool.

From the roof, there are views of Lake Montauk, but the home itself is located about a mile from the water. Getting to the ocean at Ditch Plains would take about a 10-minute drive to travel the three miles.

What’s probably keeping it on the market is the location. But as the price keeps going down, we wonder what the price will hit in order to entice a buyer.