Dick Cavett cuts the price of his historic Montauk estate by almost $15M

It was originally asking $62M; now it’s listed for $33.95M

By Grace Cassidy Jan 18, 2019, 4:00pm EST

Former talk show host and television personality Dick Cavett has reduced the price of his iconic oceanfront Montauk property referred to affectionately as Cavett’s Cove. After the recent price cut, the estate is now listed for $33.95 million.

The nearly 20-acre property came on the market in June of 2017 for $62 million before dropping the price down to $48.5 million in August of 2018. This week, $14.55 million was cut from the asking price, and it’s come down more than $28 million in total since Cavett listed the property a year and a half ago.

The shingled summer cottage is part of the historic Montauk Association’s collection of houses known as the Seven Sisters, all designed by famed architect Stanford White in 1882. Cavett purchased Tick Hall in 1968.

Cavett and his late wife Carrie Nye rebuilt their house after it burned down in 1997 and only the chimney was left standing. The two decided to build an exact replica of Tick Hall, relying on memory and photographs. The project was the subject of a 2003 documentary, From the Ashes: The Life and Times of Tick Hall.

Inside the 7,000-square-foot home, there are six bedrooms and four bathrooms, a wraparound porch, a finished lower level, hardwood floors, and ocean views throughout. Homeowners will enjoy 900 feet of private ocean frontage and a walkway that leads down to the beach.

Corcoran Group agent Gary DePersia represents the listing.