The least expensive home for sale on Further Lane just dropped in price to $7.9M

Further Lane—one of the most expensive locations in the Hamptons—is home to celebrity and historic real estate alike, on the border of East Hampton and Amagansett.

The home at the 386 address is the least expensive home currently for sale on Further Lane—and up until recently, it hadn’t changed its asking price in nine months. Just this week, the home went down in asking price from $8.75 million to $7.9 million under listing agent Gary DePersia of Corcoran Group Real Estate.

When the home was listed for sale in 2012, it was asking $8.5 million. The home then came off the market and wasn’t seen again until 2016, when it had a $9.25 million price tag. After four months up for sale, the price dropped down to $8.75 million. And most recently, almost $1 million was shaved off, bringing it below the $8 million mark.

Built in 2001, the 9,000 square foot home sits on two acres of land and has five bedrooms and eight bathrooms.

When Curbed wrote about the home last month, we asked readers if the price needed to be cut more. On the poll, almost 70 percent said that yes, the price needed to go down. Maybe this is just the change in price that the home needs.

• 386 Further Lane [Corcoran]
• Least expensive home for sale on Further Lane hasn’t changed price in nine months [Curbed Hamptons]
• Jackie Kennedy’s summer house, ‘Lasata,’ just cut $4M from the asking price [Curbed Hamptons]
• The 25 most expensive properties for sale in the Hamptons [Curbed Hamptons]