Historic Wainscott home takes $3M off the asking price

Once asking $42M, it’s now listed for $39M

By Grace Cassidy Mar 22, 2018, 9:30am EDT

The waterview home at 104 Wainscott Road has just cut its listing price for the first time since coming on the market last summer by $3 million. Once asking $42 million under Corcoran Group Real Estate’s Debbie Loeffler, Debbie Brenneman, and Charlie Esposito, the 11.5-acre compound is now listed for $39 million.

Loeffler told Curbed that the current owners purchased the land nearly 35 years ago, at which time it was empty. Around the same time, the old Wainscott post office building—which wasn’t serving as the post office anymore—was going to be torn down, so they purchased the 1883 building and moved it to the property.

Since then, the structure has had renovations and additions. It now stands 5,000 square feet with six bedrooms and five and a half bathrooms. Inside, there are hardwood floors throughout, a full basement, vaulted beamed ceilings, and wraparound covered porches.

The massive property consists of two single and separate lots and has no wetland restrictions, which means the new owners will be able to build another home on the property and turn it into a proper compound, if they so choose. According to the listing, each lot “can easily accommodate an 18,000-square-foot home with pool and tennis.”

Right now, the property features the main house, a guest house, views of Wainscott Pond, a pool, a tennis court, two outdoor showers, and a two-car detached garage with a bonus room upstairs.