First Neck Lane home in Southampton from 1895 relists with a price reduction

Having last sold in 1997 for $2.5 million, the century-old home at 75 First Neck Lane in Southampton went up for sale back in 2012 for $18.25 million. After less than a year on the market, it then went down to $16.25 million, before the listing was removed shortly after. Not too long after that, the estate was relisted for $2 million less in 2014.

Since 2014, the home has come on and off the market, hovering around $14 million—until May of this year, when the home came off the market again. Earlier this month, it went back up for sale under Sotheby’s International Realty agent Pat Petrillo for $12.95 million, which is the least expensive it’s been in six years.

Built in 1895, the south-of-the-highway estate has 9,500 square feet of living space on two acres of land. After a renovation, a new wing with a sunroom that overlooks the gardens was added, while period details were maintained. Inside, one will find a paneled dining room and an eat-in kitchen. Downstairs in the finished lower level, there’s a wine cellar, gym, and staff suite.

In total, there are 10 bedrooms, 10 full bathrooms, and one half-bathroom.

Outside, residents will enjoy a pool, a conservatory, a north-south tennis court, landscaped grounds, and patios that are large enough for entertaining.

We want to hear from our readers: Is this the price that the home could sell at?

• Better Than New Southampton Estate [Sotheby’s International Realty]