A dive into Suffolk County’s price-chopper hall of fame revealed the following 3 properties as having the largest total dollar price drops in October 2011. For their address, price history and all the other listings details click on the links below:
24 Elm Lane, East Hampton, NY 11954 (▼ $2,095,000)
The 3 compound parcels at 24 Elm Lane, 283 Old Montauk Hwy and 5 Maple St hit the market in May 2011 with an asking price of $9,995,000. The listing has recently recorded a $2,095,000 price drop and is being offered at $ 7,900,000. According to Corcoran, the listing features a 0.6 acre vacant lot for a guest cottage or tennis court and a fabulous 1.7 acre property with existing ranch plus approved plans for a new 5,800 sq ft residence with 6 bedrooms, 6.5 bathrooms, infinity pool, garages, and landscape.
27 Flax Pond Woods Road, Old Field, NY 11733 (▼ $2,000,000)
Previously listed at $8M, this water front property features an in-ground pool, pond, tennis court and a panoramic view of Long Island Sound and Connecticut. Its price was chopped last month by $2M and it is currently listed at $6M.
56 Ridge Road, Southampton, NY 11968 (▼ $1,975,0000)
The 8,000 sqft house at.. was listed earlier this year at $8,950,000 and, according to Corcoran, the shingled cottage is a vintage treasure that transports you back in time to the Gatsby era in Southampton. The price was reduced by $1,975,000 in October and its asking price is now $6,975,000.
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