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

It was asking $30M back in 2011

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.

Coopers Beach

268 Meadow Ln., Southampton, NY 11968