Music producer’s home price gets slashed by $2.5M

June 14, 2017 05:52PM

Sing a sad tune for this Sagaponack spread: Finding no takers for his estate since it was listed for $16 million in March, L.A. Reid recently cut the price to $13.5 million.  The 6,870-square-foot residence, built in 2004, houses eight bedrooms and nine-and-a-half bathrooms. Gary DePersia of the Corcoran Group has the listing. [Curbed]