Waterfront estate in Water Mill sells at an $11M discount

A Water Mill estate with views of the ocean and Mecox Bay has a new owner, 27east reported. A mystery buyer purchased the seven-bedroom home on Holly Lane for $14 million — nearly $11 million less than the 1.46-acre property listed for back in 2016, according to the outlet. The property has a glass elevator, a heated pool, a garage and a private dock. Sotheby’s Beate V. Moore had the listing. [27east]