Southampton estate sells for $10.5M — half its 2016 listing price

Gregory Wright has sold 237 Gin Lane in Southampton, a two-acre estate that hit the market in 2016 seeking $21 million, for $10.5 million, 27east reported. Built in 2002, the 9,000-square-foot residence has 11 bedrooms, 11 bathrooms, two half-bathrooms and a staff wing, according to the outlet. Other amenities include a sunroom, a paneled library with a fireplace and an oversized kitchen and family room. Outside is a covered dining porch, patio and pool, as well as a tennis court and a “secret garden” with a fountain, 27east reported. The property took several price chops after listing three years ago, relisting at $14.95 million in early 2018 before settling at $13.5 million late last year. The new owner is a limited liability company that takes its name from the property’s address. Pat Petrillo of Sotheby’s International Realty had the listing. [27east]