Foster Crossing estate in Southampton seeks success with $20M price tag

A 2.02-acre estate in Southampton that has never before hit the market listed within the past week at a $19.995 million ask, 27east reported. The 7,445-square-foot residence at 72 Foster Crossing was built in 2002 and has eight bedrooms, eight bathrooms, two half-baths, a classic library and multiple entertaining spaces, including a theater, billiards room, large playroom, a gym and a columned wraparound porch. The master suite also has its own sitting room, fireplace and balcony. Mark Baron of Saunders & Associates, who has the exclusive listing for the property, told 27east that since high-end Hamptons homes priced above $20 million have gone through several rounds of price cuts in recent years, he deliberately set the ask at a more reasonable sum. “The intention with this piece of real estate was to price it in this current market, so that we have the expectation of it trading close to the asking price,” Baron said. “In fact, we already have had significant showings within the first weekend of listing the property, which again is indicative that it is well-priced.” [27east]