Bayfront Water Mill estate’s price slips $9M after 2+ years on market

A home in Water Mill that has lingered on the market for more than two years has had its price cut again, bringing the ask down to $15.75 million, Curbed reported. In total, the home at 64 Holly Lane has had $9 million cut from its original ask of $24.75 million. Hollywood agent Peter Benedek, co-founder of the United Talent Agency, bought the waterfront property in 2004 for nearly $3.1 million and built an estate on it in 2008. The 7,000-square-foot home has seven bathrooms, two half-bathrooms, an open breezeway and floor-to-ceiling windows. The property also holds a heated pool, private deck and 500 feet of frontage on Mill Creek, which leads into Mecox Bay. Sotheby’s International Realty’s Beate Moore is representing the listing. [Curbed]