First Neck Lane home from 1820 cuts asking price after three months on the market

Located at 36 First Neck Lane in Southampton village, this 5,800-square foot home went up for sale back in May of this year for $10.9 million. Three months later, the property has received its first cut in asking price, now available for $9.95 million.

The home is nearly 200 years old, having been originally built in 1820. While it’s been renovated and restored, some of the older features can still be found throughout the home, including wide-plank flooring and the six fireplaces.

There are six bedrooms and seven and a half bathrooms. Interior features include a modernized chef’s kitchen with island seating and a breakfast nook, a formal dining room, a library, an office, and entertaining spaces.

Outside, there is both a carriage house and a pool house, as well as a heated gunite pool with a spa, two-car garage, terraces, and gardens on a 0.84-acre lot.

According to the listing, there are plans in place to add 3,000 square feet to the space and finishing the lower level to include two additional bedrooms, bathrooms, a gym, and a media room.

The property is located at the start of First Neck Lane, so it’s only a five-minute walk to the movie theatre on Hill Street. It’s about a 10-minute walk from Jobs Lane and Main Street, and a 25-minute walk to the ocean at Cryder Beach.

The home is actually one of the least expensive currently for sale on First Neck Lane, more expensive only than the home at the 11 address, which is asking $2.65 million. There are two main issues with the property—one being its proximity to Hill Street and subsequent lack of privacy, and the other being that the lot is less than an acre.

• 36 First Neck Lane [Douglas Elliman]