When it came on the market a year ago, it was asking $6.95 million before cutting the asking price in June down to $6.2 million. After another change in price earlier this week, it’s now the lowest it’s been since becoming available for sale.
Back in 2011, this stucco French-inspired East Hampton estate went on the market for $5.9M, and by May of 2012, the property closed for $4.65M. Seven years later, the house is available for sale again, this time with a steeper price tag of $8,495,000.
Eight months and a price reduction later, the 19th-century home designed by Joseph Greenleaf Thorpe has found a buyer and a contract has been signed under the most recent $8.95 million asking price.
The south-of-the-highway home has about 5,000 square feet of living space between the first two levels, while the finished lower level adds an additional 2,300 square feet.
The house was originally designed by architect Paul Lester Weiner, who is known for the historical Contempora House in Rockland County, New York, and for his neighborhood development project of Washington Square in New York City in 1958.
After a little over two months up for sale, a contract was signed under the $7.5M ask. Now, after four months, the home has sold for not too much under the original listing price.
Built in 2002, the 6,000-square-foot home sits on 1.1 acres and has five and a half bathrooms, separate staff quarters, an expansive master wing, a common balcony, covered porches, and a heated gunite pool.
Since December of 2015, the home has been in contract—meaning that the contract was signed nearly two years ago, after having come on the market just five months earlier in July for $32.5 million.