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

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 “...is 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.

For tips and corrections, please email hamptons@curbed.com

• Spectacular Timeless Estate [Sotheby’s]
• Bayfront Water Mill home with a private dock lists for $30M [Curbed Hamptons]