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Price steadily decreasing on this Sag Harbor home

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The home has water views of Noyac Bay

All photos, Compass

The home at 52 Noyac Bay Avenue—designed by A+M+L Architecture—has been on the market since February of this year. But in less than three months, the Sag Harbor home has seen two price cuts that have brought the home down a total of $600,000 from the original asking price.

When it came on the market, the asking price was $4,695,000. As of last week, the price tag is $4,095,000.

The first price change was a small cut in April, going down to $4,499,000. Then, a month later, it was reduced by an additional $404,000. In total, the asking price has gone down by almost 13%.

The property was last sold in 2007 for $487,500.

At 5,700-square-feet on 0.59 acres of land, the home has five bedrooms and five-and-a-half bathrooms. Features include a double-height foyer, formal living room, wood-burning fireplace, and a library.

The kitchen and living space blend seamlessly, with room for dining in between the two. The kitchen features custom cabinetry and a center island, which is also suitable for dining.

On the finished lower level, the future homeowner will enjoy an additional living space with a gym and recreation space.

Outside, the covered porch and heated salt water pool provides space for seasonal entertaining.