Lakefront home in Montauk slashes more than $2.5M from asking price

A 4,500-square-foot home on the lip of Lake Montauk is back on the market, but with its ask lowered to $7.95 million, Behind the Hedges reported. The property at 22 Old West Lake Drive first came on the market in May 2017 with a $10.5 million price tag, according to Curbed. The home was designed by AIA Archi Award-winning architect Robert Young and built in 2005 by Bridgehampton-based Atlantic Collaborative Construction. The house has seven bedrooms, seven bathrooms, a wine cellar, a 50-foot lap pool and large windows. One bedroom also has four built-in bunk beds. The listing for “Montauk’s iconic lake house” with Jenny Landey and Rylan Jacka of Sotheby’s International Realty notes that the main house is “an aggregate of smaller, informal living spaces” that creates “a variety of views and experiences.” The 1.3-acre property, which is actually two parcels put together, also has a 1,800-square-foot guest house and a private beach where owners can moor their boats. [Behind the Hedges]