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Billy Joel lowers price on Sagaponack house, again

Billy Joel's is oceanfront home in Sagaponack, formerly

Billy Joel's is oceanfront home in Sagaponack, formerly Roy Scheider's home. For Video webref of celeb home in hamptons Credit: NEWSDAY/Video by Jeff Schamberry

Rocker Billy Joel has slashed the price of his oceanfront Sagaponack home by $1.75 million, confirms his listing agent Biana Stepanian of The Corcoran Group. The beach house is now available for $16.75 million, down from its last asking price of $18.5 million.

Joel bought the four-bedroom, six-bathroom home from the late actor Roy Scheider as a gift for ex-wife and food personality Katie Lee. After they split, it came on the market for $22.5 million.

Designer and talk-show host Nate Berkus decorated the home, which was renovated in 2009. The 5,550-square-foot house includes a chef's kitchen. 

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