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.
The property was once part of the Cody House compound—a 5.5-acre waterfront property with four subdividable lots on Georgica Pond. Businessman David Geffen purchased all four lots back in 2014 for $52 million from Courtney Sale Ross.
It still hasn’t been officially built yet, and the listing states that it’s a "proposed modernist design/build," but the future home will have seven bedrooms, nine full bathrooms, and two half bathrooms in 14,000 square feet of living space.
The home—a mere 2,476 square feet in size—came out to $4,846 per square foot earlier this year in April when it was asking $12 million. Four months later, the property received its first cut in asking price, now asking $9.95 million.
The waterfront home is set on a 3.1-acre lot, with 4,750 square feet, four bedrooms, and five and a half bathrooms. Outside, there’s a waterside heated pool and pool house. The property has 300 feet of direct water frontage on Georgica Cove.
Designed by Futterman Architects in 1987, the waterfront home has both pond access and ocean access. On 2.7 acres of land, the home stands 5,500-square-feet with four bedrooms and four-and a-half bathrooms.