In Springs, a waterfront fixer-upper with a conversation pit cuts its asking price

When this 1975 waterfront house in Springs came on the market for $3.7 million earlier this fall, we knew we’d be keeping a close eye on it. For the first time, the house has cut its asking price and it is now listed for $3,495,000.

The price cut isn’t huge, but the fixer-upper wasn’t too overpriced when it came on the market. Our commenters wrote that they thought it would sell somewhere between $3.2 million and $3.5 million.

We love what this house has to offer: a double-height living room with floor-to-ceiling windows, an ultra-cool conversation pit, a floating staircase, and of course, water views throughout. Other features inside the 3,593-square-foot, four-bedroom home include a stone fireplace, access to decks from both levels, and a two-car garage.

Located at 32 Bay Inlet Road, the new owner will be afforded a private beach on Gardiner’s Bay. Unfortunately, there’s no pool on the property.

Douglas Elliman agent William Wolff represents the listing.

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

• 32 Bay Inlet Road [Douglas Elliman]
• Fix up this waterfront Springs home on Gardiner’s Bay, asking $3.7M [Curbed Hamptons]