Dick Cavett lowers price of Montauk property to $48.5M

Iconic talk show host just couldn’t find any takers when he listed onetime Montauk home, Tick Hall, at $62 million last year. Now, he’s hoping to get a little more traction with a $48.5 million price tag, though Cavett’s wife speculated to the Wall Street Journal that buyers may be wary of investing in real estate because of a booming stock market. Dating back to the 1880s, the home is one of the Hamptons’ “Seven Sisters,” residences designed by the architects at McKim, Mead & White and now part of the Montauk Association Historic District. Tick Hall sits on 20 acres on a bluff overlooking the sea. The 7,000-square-foot home has six bedrooms, a bell tower with a wraparound porch, paths through woods, a Japanese pagoda, pond and a staircase to a private beach known as Cavett’s Cove. Gary DePersia of the Corcoran Group is sharing the listing with colleague Karen Kelley. [WSJ]

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