93-year-old Water Mill estate’s price reduced to $22.5M

A 7,000-square-foot waterfront home is back in the market now with a $3 million price cut, bringing it down to $22.5 million. The home, built in 1925, has eight bedrooms, six and a half bathrooms and the 5.27-acre property features a pool, a three-car garage and a dock on its 300 feet of waterfront. Sotheby’s International Realty’s Harald and Bruce Grant are handling the listing. [Curbed]