Artist’s Montauk home cuts its asking price by more than $1.5M

The home is now asking $2.8M

By Grace Cassidy Jul 6, 2018, 7:45am EDT

In October of last year, Raphael Mazzucco listed his unique Montauk home at 53 Kettle Hole Road for an ambitious $4.3 million. Nine months later, and the home has re-listed under Douglas Elliman agents, Susan Ceslow and Jan Nelson, for a significantly lower $2.8 million—which seems a bit more appropriate considering the area and the work that new homeowners will probably want done.

Mazzucco—whose photography has donned the covers of three Sports Illustrated swimsuit issues and even appeared in an episode of Entourage as himself—purchased the home back in 2003 for $920,000 and decided to make it an ongoing art project after gutting it, originally built in 1985.

Though a previous Nest Seekers listing claimed the house stood around 3,500 square feet, the current Douglas Elliman listing writes that it is 2,900 square feet with three bedrooms and three bathrooms on nearly an acre of land.

The home is clearly that of an artist: The entire living room is covered in paint splatter, pieces of artwork act as doors to closets (and a secret, sound-proof bedroom), salvaged driftwood has been repurposed as structural beams in the kitchen, and benches throughout are grounded in cement.

Other features include multiple koi ponds, water views from the rooftop deck, a gated entrance, a pool and pool house with a changing room, and a sauna room with a rain shower head.

When we first featured the home, one commenter wrote that the “house itself is wonderful, and it’s worth $2M because of the location. But it will require a fortune to renovate, plus a buyer that can overlook all the mess to see the potential.” It looks like this reader might have been right about the price—what do our readers think that it will finally sell for?