Originally built in 1860, the historic Sag Harbor home at 34 Jermain Avenue just decreased its asking price and is now listed at the lowest it’s been since landing on the market just over a year ago in January of 2017 for $4.6 million. Now asking $3.95 million under Compass Real Estate agents, Caroline Sarraf and Heather Saskas, the 4,515-square-foot single-family home once served as an inn by the name of The House on Otter Pond.
Though the property has only been available for sale for about a year after last selling in 2013 for $1,287,500, this is the third change in price that its seen this time around on the market. Each time the listing has changed, around 5 percent has been taken from the asking price.
The Georgian-style home has undergone a renovation and an addition and now features six ensuite bedrooms, an additional half-bathroom, a double-height entry, a parlor living room with one of three fireplaces throughout the home, an eat-in kitchen, and a partial basement.
Two bedrooms sit on the first level, while the other four bedrooms—including the master suite—is sited on the second floor, each with walk-in closets. The master suite has two walk-in closets, a wood-burning fireplace, and a private deck.
If the 4,515-square-foot main house isn’t quite enough space for the owner and their guests, there’s also a pool house that stands just under 500 square feet in size and is host to a full bathroom, a marble kitchenette, an attached garage, and an indoor-outdoor fireplace.
Outside, there’s also a heated saltwater pool and spa, marble patios that look great for dining and entertaining, and views over Otter Pond. Sited in the village, the property has quick access to Mashashimuet Park where there are community tennis courts.
We want to hear from our readers: Do you think these small price cuts will get the historic estate to sell?
- 34 Jermain Avenue [Compass]