East Hampton’s “White House” gets a quick $3M price chop

The 18th-century home in East Hampton once owned by developer Fred Mengoni that hit the market in May for $12.5 million has had its ask dialed back to $9.5 million, 27east reported. The $3 million cut has already attracted potential buyers, Douglas Brown of Douglas Elliman told the outlet. Brown and his colleague Paul Brennan — one of The Real Deal‘s top Hamptons luxury brokers — have the listing for the property. One prospective purchaser was already “flying out to see the house,” Brown said. The 7,600-square-foot home at 6 Woods Lane was built around 1725 but had fallen into disrepair by the 1980s when it caught Mengoni’s eye. He scooped up the property in 1989, gutted it, and rebuilt a home he dubbed the “White House,” where he reportedly spent fewer than 15 nights in the 30 years he owned it.(Mengoni died last year at 94.) The four-level home has seven bedrooms, six bathrooms, two half-bathrooms, a marble-covered main floor, a rosewood-paneled and an indoor Jacuzzi, as well as an outdoor pool, pool house, a three-car garage and a barn. [27east]