A 24-acre Wainscott estate cuts $16M off asking price

Burnt Point, a 24-acre estate on Georgica Pond, dropped its price again to $59 million, Behind the Hedges reported. In 2015, the lakeside estate listed for $95 million, but the price was slashed to $75 million a year later. The 18,000-square-foot home features eight bedrooms with 12 full bathrooms and three half bathrooms. It’s also got a wine cellar, home theater, tennis court, library fitness room among other amenities. Frank Newbold and Marilyn Clark of Sotheby’s International Realty are handling the listing. [Behind the Hedges]