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A closer look at the least expensive home currently for sale on Parsonage Lane

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It was built in 1984

All photos, Saunders

The least expensive home that’s currently for sale on the prestigious Parsonage Lane is located at the 497 address. Built in 1984, the home was designed by the architecture firm Tooker-LaFerlita and renovated and expanded by John Laffey in 2006.

Many of the homes on Parsonage Lane are upwards of $15 million—in fact, this is the only home for sale on Parsonage Lane that’s asking under $10 million, empty lots excluded.

The most expensive listing currently for sale in the area is the triple-property compound at the 285, 286, and 287 addresses, asking $59.9 million altogether. The most expensive single-family home is a 12,000-square-foot manse on 10 acres, asking $24,995,000 at the 550 address.

Recently, the 2,000-square-foot home at 491 Parsonage Lane went into contract under a $4,875,000 asking price. Before the pending sale, it had the title of least expensive home—and property—for sale on Parsonage Lane.

Back in 2011, the home at 497 Parsonage Lane went up for sale with an $8.45 million asking price, but was removed in 2012. By the time the listing was removed, it was down in price to $6,895,000.

It then came back on the market in December of 2016 for $10,595,000. The price came down in April to $9,995,000, and recently was reduced again in August. The current asking price is $9,495,000.

On Parsonage Lane, many of the homes for sale are contemporary structures and new-builds with top-of-the-line amenities. Architecturally speaking, this home stands out—both on its own and for its location.

“The interest we have had on the home are from buyers specifically looking for something unique,” listing agent Christopher Covert told Curbed. “Using what is again a relevant form that they can update to their own design standards for 2018.”

Located on 1.57 acres of land, the structure stands 6,200 square feet with five bedrooms and six full bathrooms. Interior features include double-height ceilings, a master suite with a private balcony, a floating staircase, a full wet bar, and retractable screens that lead outdoors.

Outside, there’s a free-form pool with a waterfall, eight-person hot tub, and mature specimen trees. There’s also room for tennis and views of the adjacent farmland reserve.

Do you think the future homeowner will tear it down and replace it with a contemporary new-build? Or do you think it will stay standing as is?

The Hamptons

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