Mel Brooks’s former Hamptons home cuts its asking price, now listed for $11.5M

The 2,000-square-foot oceanfront home in Water Mill that once belonged to Mel Brooks came on the market earlier this year for $11,995,000—and after eight months up for sale, the price has come down for the first time to $11.5 million.

Brooks and his wife, Anne Bancroft, purchased the home in 2000 for $3 million and then sold the 1.03-acre property for $5.3 million in 2010. Four years later, it sold again for $9 million before coming on the market earlier this year.

The three-bedroom, three-bath cottage was originally built back in 1968 but has been renovated since then. Features include wood-beamed ceilings, a brick fireplace, views of both the Atlantic Ocean and Mecox Bay, hardwood floors, and a wide open floorplan.

While the house looks like it’s in good shape from the listing photos, the listing does suggest building a larger house house and adding a pool on the property.

Located at 1131 Flying Point Road, the home is about 2.5 miles from Water Mill shops and restaurants. Brown Harris Stevens agent Mary Ann Cinelli represents the listing.

The price cut wasn’t major, so we’re curious to see if it will be enough to entice a buyer into purchasing the oceanfront home. What do our readers think? Leave your thoughts in the comments.

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• Rare & Magnificent Oceanfront Property [Brown Harris Stevens]
• Mel Brooks’s former Hamptons house is on the market for $12M [Curbed Hamptons]