$3.5M cut from 13,000-square-foot Southampton estate with pool and tennis

Designed by architect Peter Schulte and built in 2002, the 13,000-square-foot estate at 385 Great Plains Road in Southampton has 10 bedrooms and nine and a half bathrooms on 3.4 acres of land located south of the highway. The property is just one mile from the beloved Coopers Beach.

Interior features include a covered entry, 10 fireplaces, imported fireplace mantles, a circular tower alcove, a garden room, library, elevator, master wing with office and double closets, and a finished lower level with a gym and a wine cellar. Outside, there’s a heated saltwater gunite pool, spa, shower, cabana, tennis court, and two-car garage.

The home first came on the market in 2009 for $27 million, but after a year and a half up for sale, jumped in asking price to $30 million. After another eighteen months, the price came down to $25.8 million. It sat with that asking price for almost three years, and then in 2015 came down to $24.5 million.

That price stuck around until March of this year, when it got a price reduction to $22.5 million. And just this past week—after only five months since the last price cut—another $3.5 million was taken off the asking price, now putting the home at $19 million. Since it was asking $30 million back in 2011, $11 million has come off the asking price.

The property is listed with Susan Breitenbach of Corcoran Group Real Estate and Harald Grant of Sotheby’s International Realty.

• A Jaw-Dropping Estate With An Equally Mind-Blowing Ask [Curbed Hamptons]
• 385 Great Plains Road [Corcoran]
• 385 Great Plains Road [Sotheby’s]