Water Mill, Southampton homes receive roughly $20M in total price cuts

The waterfront Listowel Estate in Water Mill has listed for $29.5 million after first coming on the market for $39 million in June 2017, according to the New York Post, which also noted that another Southampton home has had its price cut down to $28 million after first listing for $37 million last September. Listowel Estate, located at 258 Horsemill Lane, has a 12,000-square-foot home sitting on Mecox Bay. It has five bedrooms, six bathrooms, a two-story library, hand-painted chinois wallpaper, marble bathrooms and a chef’s kitchen. The 6.9-acre grounds include gardens and a pool. Tim Davis of the Corcoran Group and Erica Grossman of Douglas Elliman have the listing for the property. The Southampton home, at 17 Channel Pond Court, sits on six acres and has specimen trees, gardens, a pond, a pool, a gazebo and a tennis court. The 17,503-square-foot home, built in 2003, also has eight bedrooms and nine bathrooms. Davis, who came in at No. 5 in The Real Deal‘s recent ranking of top Hamptons brokers, also has this listing. “This is a house conceived along the lines of an English countryside estate,” he told the Post, adding that “it’s a bit more formal than what you typically see in the Hamptons.” [NYP]