The Real Deal New York

Sagaponack estate’s price slashed by $2.6M

January 29, 2019 03:04PM

After seeking nearly $25 million when it first hit the market in early 2017, the price tag for the home at 550 Parsonage Lane in Sagaponack has been slashed to $17.4 million after its most recent $2.6 million price chop, Curbed reported. The 12,000-square-foot home was built in 2007 by seasoned Hamptons homebuilder Jeffrey Collé, who also renovated the secluded East Hampton mansion that Beyoncé and Jay-Z bought in 2017. The Sagaponack estate, which trimmed $5 million from its ask late last year, has eight ensuite bedrooms, two more bathrooms, wide-plank hardwood floors, a chef’s kitchen, a billiards room with a bar and a theater. The 10-acre grounds also include a gunite pool, spa, Har-Tru tennis court and half of a basketball court, according to the outlet. Representing the listing are the Corcoran Group’s Debbie Brenneman, Charlie Esposito and Debbie Loeffler. [Curbed]