This property has been on the market for three long years now. Original asking price was $8.85 million, which we didn’t think was out of line. Now the asking price is a slightly ridiculous $6.1 million, which might be land value by now. Listing agents are Terry Thompson and Tania Deighton at Douglas Elliman.
Check it: at the end of a long, impressive drive, there’s one acre of land, with pretty gardens, specimen trees and rolling lawn, along with an adorable retro kidney-shaped pool (which is saltwater and gunite). Of course there’s a pool house which also offers a legal bedroom for guests.
The house is by Francis Fleetwood and is an unpretentious 4000 square feet with five bedrooms and 5.5 baths. Yes–the decoration in the house is a gigantic snooze and is surely what is holding the place back from a sale. Kitchen, baths, it all needs updating. Aren’t there any buyers with the vision (or who employ an architect or designer with vision) to create a really special home at an excellent price?
See more here. 4 Lockwood Lane, East Hampton.