Sagaponack estate’s price cut by $5M after about 18 months on the market

The price of a 10-acre property was chopped down from $24,995,000 to just shy of $20 million after listing for about a year and a half, according to Curbed. The 12,000-square-foot home built in 2007 by architect Jeffrey Collé has eight ensuite bedrooms, two more bathrooms, hardwood floors throughout, multiple fireplaces, billiards room, a home theater and laundry room. The grounds have a heated gunite pool, a Har-Tru tennis court and half-court-sized basketball court. Corcoran Group Real Estate’s Debbie Brenneman, Charlie Esposito and Debbie Loeffler are handling the listing. [Curbed]