Rich Cribs: Water Mill estate reduced to $38M, and more

PRICE DROP. A former Doubleday publishing chief executive has lowered the price of his waterfront Water Mill estate by $2 millon. John Sargent Sr.'s 2.6-acre property on Mecox Bay is now $38 million. The main house has four bedrooms and 4.5 bathrooms; the original structure was a 1826 farmhouse that had been moved to to the property in the 1960s. The listing is with Jason Schommer of The Corcoran Group.

VALERIE KELLOGG

HISTORY FOR SALE. If you’re a Hamptons history buff, you know the Maidstone Club in East Hampton has been catering to the recreational needs of New York’s elite for more than 100 years. A house built in 1872 by William King, one of the club’s original incorporators, is on the market for $3.225 million. It was a summer home to the Kings, who nicknamed it “The Fishing Box,” but it’s been modified for year-round use. The five-bedroom, Second Empire-style home has 5 ½ bathrooms. The house retains period details such as diagonal-paned windows and brick terraces, but it’s been updated with central air, a large kitchen and a two-car garage. “It’s been with the current owners for two generations,” says listing agent Judi Desiderio of Town & Country Real Estate. The 3,000-square-foot home sits on a landscaped .93-acre lot in the historic district.

KRISTIN TAVEIRA

PRICE ASSIST. Retired professional hockey player Edwin Westfall has cut the asking price of his Lattingtown house to $1.725 million. The 4.19-acre estate, listed with Michele Gottlieb of Brigitte Greene Realty, came on the market two years for $2.65 million. The English cottage-style main house has three bedrooms and three bathrooms; there is a second cottage on the property with two bedrooms and two bathrooms. Westfall, a sports commentator, played 18 seasons in the National Hockey League with the Boston Bruins and the New York Islanders. His property is on the former Pratt estate.

VALERIE KELLOGG

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