When it first listed, we were drawn in by the warmth of the house: the hardwood floors, the natural light, the French doors found throughout the space.
Over the last year, more than $5 million has come off the listing, but since it landed on the market back in 2016, nearly $7 million has been taken from the asking price.
If the home itself wasn’t already spectacular, prospective buyers will be pleased to know that most of the furnishings are included with the sale of the estate.
The incredible estate came on the market in June of 2017 for $39 million, but after less than a year available for sale, that price tag now sits at $32 million.
Originally built in the 1887 and renovated by Edward P. Morse in 1919, Villa Maria once served as a convent, has had many notable residents, and is considered a Long Island landmark.
One thing that really stands out for us is the white marble master bathroom, which features a soaking tub, frameless glass-enclosed shower, dual vanities, and high ceilings.
Most of our readers guessed that the beach house was listed for between $12 million and $15 million. Located at 1341 Flying Point Road, the property is actually asking $11.5 million.
The home last sold in 2016 for $2,275,000. Most of our readers—about 42 percent—guessed the home was currently asking between $2 million and $3 million.
Earlier this week, it received a $4.45 million price reduction, putting it at the current $20.5 million price. In total, almost $10 million has come off the asking price since it came on the market.
The signing of the long-term lease took the property off the market just before Labor Day. It was most recently for sale under Douglas Elliman agents Aaron Curti and Brenda Giufurta for $12,995,000.
In April of this year, the home got its first price cut, bringing it down to $12.75 million—and now, after a year on the market, it’s asking $11.5 million, which comes out to $1,150 per square foot. It’s currently the only home for sale on Luther Drive.
The home is officially the most expensive home for sale on Flying Point Road in Water Mill, followed by the 12,000-square foot estate at the 943 address, asking $25.9 million.
In July of this year, the home came back on the market with a 36 percent price cut—bringing it down to $6.4 million. Since the last price cut, 41 percent has been taken from the price tag.