Water Mill estate gets a $3M cut from its pricetag

A Water Mill estate just got a serious price cut—$3 million has been taken off the asking price for 33 Mecox Lane.

Curbed featured the home back in October 2015, at which time the home was priced for $22,500,000, after having just undergone a $2.5 million price cut... meaning, the home had been asking around $25 million at one point.

Comments on the original post had mentioned that the home was priced too high, and one commenter even mentioned that they thought it should be “closer to $15M.” Funny enough, the asking price is now $14,955,000.

While homes go through major price cuts all the time, shaving $3 million off isn’t something to go unnoticed.

The 7,400-square-foot home sits on 2.4 acres, with seven bedrooms and seven-and a-half bathrooms. It was built in 1977 but was completely rebuilt in 2005. The waterfront property includes an artist studio, guest house, pool, and tennis court.

Inside, one will find a wet bar, dining patio, screened-in sun port, and sunny sitting room. It’s even positioned high enough above the bay that the home is more protected from storms and other weather concerns.

• 33 Mecox Lane [Saunders]
• Big Reveal: How Much for 2.4 Acres of Bayfront in Water Mill [Curbed Hamptons]