Water Mill estate enters price chop round four – now $5M cheaper

The Water Mill estate of former Doubleday publishing chief John T Sargent had its price reduced again earlier this month, this time by $5M. Originally listed at $40M in 2010, the property suffered a previous $12M price chop in February 2011 and is currently on the market for $19.995 million.

186 Crescent
186 Crescen Avenue (Source: Corcoran)

According to Corcoran, this stunning property at 186 Crescent Avenue features a pool with views over the bay, a large pool house, and a paddle tennis court.