Further Lane home in East Hampton down more than $10M since coming on the market

If you’ve been following Curbed for a while, you might remember us featuring the East Hampton home at 40 Further Lane that was listed in 2015 but cut its price for the first time after more than two years on the market. Then, over the course of just one month, the estate took more than $7 million off its asking price. After yet another $3 million price cut, this century-old estate is asking $15.95 million under Halstead Property agents David Zazula and Sharon Fahy.

Three years ago, it was listed for $26.5 million.

Once a part of the Maidstone Club, this 6,500-square-foot estate was built in 1907 but has been updated and modernized after a ground-up renovation. The current owner purchased the home in 1996 for $1.8 million.

The five-bedroom, five-bath house features a large kitchen, open living room with a fireplace, and a finished basement with a kitchen and home theater. On more than two acres of landscaped grounds, there’s a heated gunite pool, pool house, specimen trees, decking, and a detached three-car garage.

Sited south of the highway, the manse is close to the ocean, and just a half-mile walk from Egypt Beach.

When we’ve featured the home in the past, many commenters thought that the price was ambitious. But now that more than $10 million has come down from the original asking price, do you think that the property will entice a buyer?

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• Next to the Maidstone [Halstead Property]
• Further Lane home in East Hampton cuts more than $7M in just one month [Curbed Hamptons]