Another $1M taken off Sag Harbor Main Street mansion, rapidly coming down in price

After two price cuts last month, the Nathan P. Howell estate at 238 Main Street in Sag Harbor has received yet another $1 million reduction, bringing it down $4 million in the span of under two months.

Originally asking $18.75 million when it came on the market in June of last year, the home took $2 million off the price right after the New Year, an additional $1 million from the price tag at the end of January, and now another $1 million has been reduced just three weeks later. It is currently listed for $14.75 million with Mark Baron, Jane Babcook, and Eve Gianni of Brown Harris Stevens.

The renovated Italianate mansion notably went into contract back in 2014 after just eight weeks on the market and sold for $9.75 million. The owner then renovated the 185-year-old structure while maintaining period details from the original 1833 construction.

At 10,000 square feet in size, the Nathan P. Howell house is the largest house on Captains Row. Inside, there are seven bedrooms, eight and a half bathrooms, nine fireplaces, two staircases, a cupola, and an elevator. Outside, the property has privacy hedging, a gunite pool, and a climate-controlled garage with an attached art studio.

We wonder if the third price cut in under two months is going to be what helps to make the estate sell.

• Sag Harbor mansion from 1833 cuts $2M from the asking price [Curbed Hamptons]
• 238 Main Street [Curbed Hamptons]