Artist’s Hamptons home gets another price cut, down almost $2M

It was originally listed for $4.35M

By Grace Cassidy Sep 6, 2018, 9:33am EDT

Artist Raphael Mazzucco has taken a total of nearly $2 million off the asking price of his Montauk home at 53 Kettle Hole Road after it landed on the market for $4.35 million back in October of 2017.

The home first came on the market under Nest Seekers International agent Dylan Eckardt, but more recently relisted and cut its price with Douglas Elliman agents Susan Ceslow and Jan Nelson. In July, the home received its first $1.55 million price cut, putting it on the market for $2.8 million. Now, just two months later, another $200,000 has come off the listing and the 1-acre property is now asking $2.6 million.

In 2,900 square feet of living space, there are three bedrooms and three bathrooms, a stone fireplace, reclaimed barn wood walls in the kitchen and dining room, an indoor-outdoor kitchen, and open concept showers in the bathrooms. Outside, there are multiple koi ponds, a bayview rooftop deck, a pool, and a changing room next to the pool.

Mazzucco—whose photography has donned the covers of three Sports Illustrated swimsuit issues and has 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.

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.” The price is getting closer and closer to that $2 million listing price, but what do our readers think that the property will finally sell for?