The house is just a mile away from the bay at Haven’s Beach, a half-mile away from village shops and restaurants, a quarter-mile away from Otter Pond, and right across the street from Canio’s Books.
An artist’s studio on the second story of the home could be kept as an artist’s studio, but the listing suggests converting it into an additional bedroom.
Features include hardwood floors throughout, wainscoted white walls, a gas fireplace in the living room, and glass doors that allow for lots of natural light to fill the home.
The tiny two-story home at 11 Grand Street was originally asking $850,000 under Douglas Elliman real estate agent, Michael Daly, but sold and closed for a higher $965,000.
The 25-acre estate was originally asking $18 million when it first landed on the market, but has been steadily decreasing since becoming available for sale.
The property sold in 2013 for $1 million, and when it came on the market in 2015, it was asking a confident $23.5 million before coming down to $19.5 million.
The home is situated on nearly five acres of land and borders a 62-acre reserve, which is great for those looking for a bit more privacy at their Hamptons seasonal or year-round home.
The property has zoning with allowances for development. Both structures on the property can be expanded or renovated—or, as the listing suggests, used as a bed and breakfast.
The home maintained the incredible wide plank pumpkin pine hardwood flooring and wood-beamed cathedral ceilings in the living room, but some of the structure has been modernized.
In the beginning of January, the mansion took $2 million off the asking price. Now, at the end of the month, another $1 million has been cut, putting the asking price at $15.75 million.
East Hampton village saw a whopping 180 percent increase in the total home sales volume this quarter, an 81 percent boost in the median home sales price, and a doubled total number of home sales.
French doors lead to the exterior, which is host to separate studio cottage with a full bathroom, a heated saltwater pool, a sunbed on the lounging area, and an outdoor shower.