Is This Two-Acre Georgica Property a Bargain at $8 Million?

Two-Acre Georgica Property

This property, which features two acres south of the highway in Georgica, has been on the market for a year now. It was originally asking $10 million; now the price is $2 million less. It’s repped by Christopher Burnside at Brown Harris Stevens and Dana Trotter and Rylan Jacka at Sotheby’s International Realty. The property offers a lot for the money but also presents some issues.

All photos via BHS

First up, the positives. There’s two acres of land, which includes a 55-foot saltwater pool and spa, pool house, and a grass tennis court. The house is spacious at 5000 square feet, with five bedrooms, 6.5 baths, and a bedroom for staff in the lower level.

On the negative, there’s the house itself, which is in a “Grandma’s house 1963” style, complete with wall-to-wall carpeting and leafy wallpapers. (What, no brimming candy dish on the coffee table?) The main bathroom includes copious glass blocks.

The house has been recently renovated, with a new roof, new kitchen, plumbing, wiring, and Sonos sound. The $8 million question: will anyone buy at this level? Or will they be scared off by the glass blocks and flee? We’ll keep an eye on this property.

For more, click here50 E Hollow Rd, East Hampton