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.
The properties went into contract in January and the buyer closed on the compound for $12 million earlier this month—$4.5 million below the original asking price.
Located at 15 Association Road, the home is part of the Georgica Association, affording residents access to community tennis courts and a private beach.
In just 650 square feet, this converted carriage house has one bedroom, a living room with tall beamed ceilings and a white brick fireplace, and a claw foot soaking tub in the bathroom.
There’s no pool or tennis court, but there’s room on the property for expansion. Outside, the property has 300 feet of direct water frontage on Georgica Pond.
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.
This is only the second time that the home has been on the market in its 140 years. With a $55 million asking price, the property is one of the most expensive in the Hamptons.
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.