Curbed Hamptons - Contract signed on East Hampton home after five years on the marketLove where you live2017-04-07T15:00:01-04:00http://hamptons.curbed.com/rss/stream/159196492017-04-07T15:00:01-04:002017-04-07T15:00:01-04:00Georgica Cove home $10M down from original asking price after five years on the market
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<figcaption><a href="https://www.compass.com/listing/11-cove-hollow-farm-road-east-hampton-ny-11937/811a422bdf6f71882920d9178c4ccd5206e0db38/">Compass</a></figcaption>
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<p>Making an almost 40% price cut down from the original listing price</p> <p id="r9NPcI">The home at 11 Cove Hollow Farm Road in East Hampton is down almost $10 million from the original listing price, reports <a href="http://behindthehedges.com/five-years-10-million-off-georgica-cove/"><em>Behind the Hedges</em></a><em>. </em></p>
<p id="ON2jiT">The home went on the market in 2012 with a listing price of $24.75 million, before shaving down the price by $5 million. Now it’s sitting at $14.95 million, meaning the price has cut by a total of about 40%. </p>
<p id="Ejz9Lr">The 7,500-square-foot home was designed by Jaquelin T. Robertson and built by Caramagna/Murphy. The structure sits on a three acre lot, with five bedrooms and six-and-a-half bathrooms, while the property has over 400 feet of Georgica pond frontage. </p>
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<p id="qsR4wa">The home boasts high ceilings, an oversized fireplace, and a beamed great room as the master suite comes with a study. There’s also a one-bedroom apartment on the property (not referred to as “staff quarters” in the listing, thankfully), so homeowners can rent out the space if they do so choose. </p>
<p id="ogna5V">Outside, one will find a veranda that looks out to Georgica Pond and a heated pool. </p>
<p id="C1avs5">Unfortunately, there are no photos available of the interior of the house. </p>
<ul>
<li id="nRlY9s">
<a href="http://behindthehedges.com/five-years-10-million-off-georgica-cove/">Five years later, $10 million off a shingles house on Georgica Cove</a> [Behind the Hedges]</li>
<li id="VHzgh6">
<a href="https://www.compass.com/listing/11-cove-hollow-farm-road-east-hampton-ny-11937/811a422bdf6f71882920d9178c4ccd5206e0db38/">11 Cove Hollor Farm Road</a> [Compass]</li>
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https://hamptons.curbed.com/2017/4/7/15221868/price-cut-georgica-pond-cove-hollow-farm-road-east-hamptonGrace Cassidy