Southampton mansion drops price again to $12.9 million

An 8,000-square-foot spread in Southampton has seen its price chopped for the second time since hitting the market in February. The home at 320 Pheasant Lane was originally asking $16.5 million. That ask was reduced by $2 million in June and another $1.6 million recently, bringing it to the current asking price of $12.9 million. The home was built in 2006 and sits on a 2-acre property, according to Curbed. It has eight bedrooms, eight full bathrooms and a half bathroom. Highlights include custom fireplaces, bespoke millwork and cabinetry, a breakfast room with French doors that open to a patio and two guest suites. Outside there’s a heated gunite pool, grass tennis court, two-car garage and mature landscaping. Bespoke Real Estate has the listing. [Curbed]