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Rich cribs: A price drop in Southampton

Modeled after villas in Positano, Italy, this waterfront Southampton home, on the edge of Shinnecock Bay with views of the Atlantic Ocean, has had a price cut from its original $18 million asking price. It is now being offered for $15 million.

The 20-room, 10,000- square-foot home has eight bedrooms, 7 1/2 bathrooms and comes with two pools - an indoor lap pool and outdoor infinity pool. Other...

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