Hamptons Real Estate | < 1 minute read
Hamptons house sees $12 million price cut this week
BY PropertyShark Staff | Feb 9, 2011
The breathtaking waterfront property at 186 Crescent Avenue in Water Mill has just dropped its asking price 26% from the previous listing price. As written in the NY Post, the house hit the market in July 2010 when it was listed for $40 million. The listing price was reduced for the first time in October, down to $38 million, and reduced again 4 days ago to $28 million.
See the full property report for 186 Crescent Avenue and browse current Hamptons homes for sale.
Latest Posts
Want to stay on top of the real estate market?
Access comprehensive property data and ownership information with intuitive research tools.
POSTED IN: Hamptons Real Estate
Recent Reports
Prices Rise in 32 of NYC’s Leading Neighborhoods as City and Manhattan Hit Record Highs
Q2 2026 saw NYC and Manhattan reach historic highs, with Brooklyn and Queens marking close to new records as well. Meanwhile, Hudson Yards remained at the top, Central Midtown posted its highest price ever and Carroll Gardens marked its third consecutive quarter over $2 million
2026 Q2 Foreclosure Report: Bronx Caseload Hits 7-Year High, Brooklyn & Manhattan Slow to 4-Year Low
Manhattan yet again slowed to become the city’s least active foreclosure market, Brooklyn’s caseload dropped so low it barely edged out Staten Island, while the Bronx heated up enough to surpass all boroughs except Queens.
NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.