Southampton manse cuts asking price by $700K, six months after an increase

The price of the 10,500-square-foot home at 20 Downs Path in Southampton has been a bit up and down since it came on the market in April of 2016. When the new construction was first listed, it was asking $9.75 million and stuck with that listing price until January of this year, at which time the price was cut down to $9,375,000. Then, in April it decreased to $8.65 million, only to increase its price tag to $8.95 million two months later.

Earlier this week, the estate cut $700,000 from its asking price, putting it at $8.25 million—which is the lowest that the listing has seen since it first went up for sale.

While the 1.7-acre property sits south of the highway off Flying Point Road, it’s quite close to Route 27 and is about a mile and a half from the ocean. Designed by architect Peter Cook, the home has eight bedrooms, nine full bathrooms, and one half-bathroom. Interior features include an open floor plan, floor-to-ceiling windows, French doors that lead outside, and an eat-in kitchen with stainless steel appliances.

Upstairs, the master suite has vaulted ceilings, a large bathroom with a standalone soaking tub, glass-enclosed shower, dual vanities, and a private terrace. The finished lower level features a wine cellar, gym, two guest suites, and a full bathroom.

Outside, one will find a heated gunite pool, spa, cabana, outdoor shower, and stone patios.

• Southampton Village New Construction [Saunders Real Estate]