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Rich Cribs: $2.7M price cut on Sagaponack home, and more

TO BE BUILT. There's another price break in

TO BE BUILT. There's another price break in the Hamptons, this time on Town Line Road in Sagaponack. The three-acre estate is now priced at $14.995 million. It originally hit the market at $17.75 million earlier this year. The estate includes the land (once owned by businessman Ronald Lauder) as well as a planned 11,600-square-foot, 10-room traditional home designed by architect Francis Fleetwood. Listing agent Susan Breitenbach of The Corcoran Group says that all the permits for the home are firmly in place. Due to recent zoning changes, she says, “you just can’t build a home that large there any longer.” Once built, the home will include a formal dining room, a library, an exercise room and wraparound porches, all with views of an agricultural preserve. Photo Credit: The Corcoran Group

TO BE BUILT. There's another price break in the Hamptons, this time on Town Line Road in Sagaponack. The three-acre estate is now priced at $14.995 million. It originally hit the market at $17.75 million earlier this year. The estate includes the land (once owned by businessman Ronald Lauder) as well as a planned 11,600-square-foot, 10-room traditional home designed by architect Francis Fleetwood. Listing agent Susan Breitenbach of The Corcoran Group says that all the permits for the home are firmly in place. Due to recent zoning changes, she says, “you just can’t build a home that large there any longer.” Once built, the home will include a formal dining room, a library, an exercise room and wraparound porches, all with views of an agricultural preserve.

LAURA MANN

HOUSE GOSSIP. Owning a home on Further Lane in star-studded East Hampton would be paradise for a celebrity stalker -- and this home, on the market for $4.9 million, was tailor-made for one: It was built in 1978 for writer James Brady. The ritzy locale gave Brady endless fodder for his work, which included writing Parade magazine’s In Step With column, helping to create the New York Post’s Page Six gossip column and penning novels such as “Further Lane: A Novel” and “A Hamptons Christmas.” Brady was known for many other publishing roles as well, including non-fiction books based on his experiences in the Korean War. “James was a local icon around town… The stories were wonderful,” says Sarah Minardi of Saunders & Associates, who is co-listing the property with Nan Shipley. The 3,200-square-foot home has six bedrooms and four bathrooms. “It’s deceiving from the outside – it looks smaller than it is. It’s got wonderful hardwood floors, great bones and just really happy feeling about it,” says Minardi. Architectural highlights include two wood-burning fireplaces, built-in bookshelves and a deck off the second-floor master bedroom suite. There’s another master suite on the first floor. The family room has a wet bar and glass sliders leading to the yard. The one-acre property includes a heated pool surrounded by a masonry brick patio. Annual taxes are $16,020.

KRISTIN TAVEIRA

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