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After two years on the market, this waterfront Water Mill estate found a buyer

The home was asking almost $30M in 2015

All photos, Sotheby’s International Realty

After more than two years up for sale under Sotheby’s International Realty agent Harald Grant, the estate at 86 Bay Lane in Water Mill has found a buyer. In March of 2015, the home was asking $29.95 million, but that price came down after seven months on the market, putting it at $24.95 million.

Most recently, an additional $4 million was cut from the asking price, making the most recent listing at $20.5 million, which is the price that the contract was signed under.

Before it was listed in 2015, the home was available for sale in July of 2014 for $27.5 million, but the listing was removed in November of the same year. When it was relisted just five months later, it had a bit of an increase in asking price.

Designed by architect Robert A.M. Stern in 1986, this 6,100-square-foot home has seven bedrooms, five full bathrooms, two half-bathrooms, a double-height entry hall, built-in bar in the living room, and an office that occupies a cupola. Outside, there is a heated gunite pool, all-weather tennis court, guest cottage, gardens, a covered outdoor dining patio, a two-car garage, a gazebo, and a private dock on Mecox Bay.

The home sits on 4.6 acres of land two miles from the ocean at Ocean Road in Bridgehampton, and two and a half miles from Water Mill town shops.

Ocean Road

Ocean Road, , NY