Georgica Pond waterfront compound sells for $8M lower than ask

After two years on the market, a compound in East Hampton’s Georgica Pond area sold for $16.75 million — a little more than $8 million lower than its original ask. A buyer came forward last November, but the deal only closed at the end of April. The 2.9-acre compound has two homes, which combined offer five bedrooms and four bathrooms. One of the addresses also already has a permit to build a 3,500-square-foot home with a waterside pool. Corcoran Group’s Michael Shultz and Susan Ryan handled the listing. [Curbed]