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Georgica Cove home $10M down from original asking price after five years on the market

Making an almost 40% price cut down from the original listing price

Compass

The home at 11 Cove Hollow Farm Road in East Hampton is down almost $10 million from the original listing price, reports Behind the Hedges.

The home went on the market in 2012 with a listing price of $24.75 million, before shaving down the price by $5 million. Now it’s sitting at $14.95 million, meaning the price has cut by a total of about 40%.

The 7,500-square-foot home was designed by Jaquelin T. Robertson and built by Caramagna/Murphy. The structure sits on a three acre lot, with five bedrooms and six-and-a-half bathrooms, while the property has over 400 feet of Georgica pond frontage.

The home boasts high ceilings, an oversized fireplace, and a beamed great room as the master suite comes with a study. There’s also a one-bedroom apartment on the property (not referred to as “staff quarters” in the listing, thankfully), so homeowners can rent out the space if they do so choose.

Outside, one will find a veranda that looks out to Georgica Pond and a heated pool.

Unfortunately, there are no photos available of the interior of the house.