Two lavish Further Lane properties drop prices

A six-acre spread on Further Lane is taking price reductions — ahem — much further. The East Hampton oceanfront estate at 290 Further Lane, which had its price cut twice before the summer, dropped by another $10 million last week, to $49 million, according to Mansion Global. The six-acre property, which belonged to the late James Marcus, a partner at Goldman Sachs, was listed for $69 million about a year ago, then dropped to $65 million in June and $59 million in July, the report said. The main residence has 10,000 square feet, with seven bedrooms and nine-and-a-half bathrooms, plus plank flooring, coffered ceilings and ocean views. Outside are landscaped gardens, a heated infinity pool. James Petrie and Ed Petrie of Compass have the listing. Further down Further Lane, a home that was once part of the Maidstone Club got its first price chop after spending two and a half years on the market. Curbed reported that the home at 40 Futher Lane, which hit the market in May 2015 at $26.5 million, is now asking $22.95 million. The home is 4,500 square feet and has five bedrooms and six bathrooms and has been renovated. There’s also a heated saltwater gunite pool, pool house, decking and three-car garage. Set on 2.4 acres, the property is a half mile from Egypt beach. David Zazula of Halstead has the listing. [Mansion Global] [Curbed]