Century-old Amagansett manse cuts another $2M off asking price

Originally asking $18M, it’s now listed for $11.5M

By Grace Cassidy Apr 10, 2018, 8:37am EDT

Originally built over a century ago in 1909, this 7,000-square-foot manse at 90 Indian Wells Highway in Amagansett has just cut another $2 million from its asking price. When it listed in January of 2017 with Town & Country Real Estate, it was asking $18 million. After about five months on the market, $4.5 million came off the asking price at once.

Now, after relisting under Corcoran Group Real Estate agent, Randi Ball, the 2.33-acre property is asking $11.5 million.

One enters the property through double gates that lead down a winding driveway to approach the historic main house. The south-of-the-highway estate has seven bedrooms, 12 bathrooms, beamed ceilings, hardwood floors, and plenty of space to entertain guests. The exterior also works well for entertaining with a heated pool, pool house, and gardens.

Last purchased in 2010 for $6.5 million, the home belongs to philanthropist Jane Rivkin, who was married to late financial strategist, Jack Rivkin.

When we first featured the home on Curbed, many of our commenters appreciated the home and its history, but weren’t loving the price tag. Given it’s come down $6.5 million in just over a year, we wonder if it will keep going down, or if this price will entice a buyer.