After 3 years on the market, East Hampton home price reduced by a total of $8.25M

Three years ago, the 2.5-acre property at 157 Egypt Lane in East Hampton was listed for $21.5 million, but after successive price cuts the six-bedroom, seven-bath home is now for sale at $13.25 million. Bordered on three sides by the Maidstone Club, the property is a short walk to the ocean and has views of the nearby golf course and Hook Pond. [Behind the Hedges]