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Pondview Wainscott home near the ocean drops price, now asking $14.5M

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Originally listed for $16M, the price has now come down for the first time since the property landed on the market

Photos courtesy of Corcoran

Curbed readers may remember when we featured the south-of-the-highway Wainscott home at 60 Beach Lane at the beginning of the summer.

The home—standing 7,300 square feet in size on just over an acre of land—came on the market for nearly $16 million under Corcoran Group’s real estate agent, Michael Schultz, but now after three months up for sale, has dropped its price for the first time down to $14.5 million.

Our commenters seemed to have one opinion in common when the house went on the market: The $16 million asking price was too high.

Built in 1992, the traditional style home has eight bedrooms and seven and a half bathrooms between two levels and includes multiple entertaining areas, a double-height living room, a library, an open kitchen, and views of Wainscott Pond. A finished basement offers a gym, wine cellar, and laundry room, while outside one will enjoy a heated gunite pool.

In 1995, the property sold for $3.42 million. It is sited less than a half-mile from the ocean at the end of Beach Lane, and about three miles from Wölffer Estate Vineyards in Sagaponack.

Now that the price has dropped, what do our readers think of the property? Do you think that the new price tag will entice a buyer? Tell us in the comments.

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