A waterfront home in Water Mill has had another $2 million hacked off its ask, dropping its price tag to $17.995 million, Behind the Hedges reported. The home at 217 Rose Hill Road, which was built in 1925, was designed by Goodwillie & Moran architectural firm. The 7,900-square-foot home hit the market in 2014 for $27.5 million, but millions of dollars were subsequently sliced from its ask over the next few years, according to its listing on Zillow. The home has eight bedrooms, six-and-a-half bathrooms, a master suite with views of Mecox Bay, a walnut-paneled living room, a library and a butler’s kitchen. The property, which spans 5.27 acres, also has a dining porch, a dock, a heated gunite pool and a three-car garage. Bruce and Harald Grant of Sotheby’s International Realty, the latter of whom The Real Deal recently touted as one of its top Hamptons luxury brokers, have the listing. [Behind the Hedges]