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 amenities include a gymnasium, wine cellar, ele- vator and guest cottage. The property is listed with Ann Francavilla of Prudential Douglas Elliman Real Estate and Anita Bennett of Brown Harris Stevens.- CATHY MAHON

NO WATER VIEW?

A 6,500-square foot, five-bedroom Westhampton Beach home on 2 acres sold for $4.25 million, said to be a recent-year record high for a nonwaterfront home in the area. The Hamptons-style home was on the market for three months with Patrick Galway of Town and Country Real Estate. "The location, the unusual size of the property and the quality of the home" were responsible for the sale, he says.Amenities include a gunite pool, tennis court, putting green and baseball diamond. Named Copper Beach, the home was built in 2001 and has an octagonal turret. - ANN SMUKLER

RECORD SETTER?

A 1908 home in Garden City designed by renowned architect Aymar Embury for Ralph Peters, the then-president of the Long Island Rail Road, is for sale with an asking price of $5.45 million. The 10,000-square-foot house is on the highest point in the village of Garden City. Celebrity neighbors include Emmy-winning actress Susan Lucci and bestselling mystery author Nelson DeMille.

"This is the largest private home in Garden City and considered, by many, to be the finest location," says Bob Krener, agent-owner of Taylor Warner Realty, adding, "If this house sells at the asking price, it will be the most expensive sale of a private residence in Garden City on record." - CATHY MAHON