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Two months later, bayfront Water Mill property takes $7M off ask

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It came on the market in September for $30 million

Photos courtesy of Sotheby’s

Curbed readers may remember when, just two months ago, the 2.5-acre waterfront property at 35 Morrison Lane in Water Mill became available for sale with an ambitious $30 million asking price. Earlier this week, the house received its first price cut since coming on the market, and is now listed for $23 million.

Built in 1996, the 6,456-square-foot midcentury-inspired home includes five bedrooms, four and half bathrooms, hardwood floors, an open floorplan, and water views over Mecox Bay. The property also includes a lofted guest house, a tennis court, a pool, and a 50-foot dock.

Sotheby’s International Realty agent Doreen Atkins represents the listing.

When we featured the house in September, our readers were skeptical. One commenter noted that most of the property “ wet lands so saying it’s 2.5 acres is (cough cough) generous.” Another reader wrote that they thought “$12-13mm is reasonable.” The Zillow price history indicates that the property sold for $1,225,000 in 1993.

It’s not quite down to $12 million, but after the most recent price cut, do our readers think that the $23 million listing will entice a buyer? Leave your thoughts in the comments.

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Mecox Bay

, , NY 11976