Ouch! This property, which is bordered on three sides by the Maidstone Club, and is therefore just a hop, skip, and jump to the ocean (1700 feet), first hit the market almost three years ago, in March 2018. Asking price was a hefty $21.5 million. But it sat. The price has been lowered several times and is now at $13.25 million, which is much more reasonable.
The property, which is now repped by Martha P. Gundersen and Roxanne A. Briggs at Brown Harris Stevens, offers many positives. There’s a generous 2.54 acres of land, with attractive views of the gold course. There are also waterviews from the house to Hook Pond. The house itself is a spacious 5600 square feet, with six bedrooms and seven baths, including a downstairs master and an upstairs master, as well as a sleeping loft for the kids. The kitchen features a fireplace for cooking and a nice breakfasting area, while the formal dining room can seat 12. Of course there are pretty gardens and a nice pool, though no tennis.
Why no tennis? Because a lot of the 2.54 acres is wetlands–nice for a peaceful vista, but unusable otherwise. And of course, while theoretically the location is excellent, actually that road gets quite a lot of traffic in summer (people use it to avoid East Hampton’s Main Street–not to mention golf carts). And if you’re not a member of the Maidstone Club, that wouldn’t be the beach we’d choose.
What say you? Will $13.25 million do the trick? Let us know in the comments.
For more, click here. 157 Egypt Lane, East Hampton
