A Handsome Gut Reno in Water Mill is Now Down $1.5 Million

Handsome Gut Reno

This property, which is a well-done, handsome gut reno of a 90s property, has been on the market for close to two years now. We assume the only issue holding the listing back from a sale has been the price–oh, well, maybe also because the street it’s on, Holly Lane, is for sale, but we don’t think that’s a big factor. If so, the recent price cut of another $500K, down to $9.5 million, can only help. The property is currently repped by Scott Bartlett at Bespoke Real Estate.

All photos re Bespoke RE

Why do we think price is the only issue? It’s a really quite lovely house on a tony street. Not waterfront, and the plot is a slightly skimpy one acre, with a pool, but no tennis or pool house. The listing notes that “Electric, Plumbing and Architect’s Drawings for Legally Zoned FUTURE 12 x 20′ Pool House and Spa, Outdoor Fire Pit” exist. Plus, the pool is a good sized 16′ x 50′.

The house is a generously sized 7000 square feet, with 6 bedrooms and 8.5 baths. The interiors are all pale, spare, and simple, exactly the kind of taste buyers want now, with bleached oak floors, white marble kitchen counters, and black granite accents. The transitional style interiors aren’t fiercely modern, so will go with many decor styles.

What do you think of the place? Is the latest price cut going to do the trick?

For more, click here. 10 Holly Lane, Water Mill