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Pursuits
Real Estate

The Hamptons Covid-Era Buying Frenzy Is Officially Over

At least until August.

A 6-bedroom compound on Sagaponack Main Street is listed at $12 million.

A 6-bedroom compound on Sagaponack Main Street is listed at $12 million.

Source: Douglas Elliman Real Estate

An elegant 5,500 square-foot home set on nearly four acres in Bridgehampton came onto the market almost exactly a year ago with an asking price of $21.9 million. After what Zillow shows is three price cuts, it’s down to $17 million and is still unsold.

One hamlet over, in Wainscott, a massive 10,000 square foot mansion on about 14 acres overlooking Georgica Pond hit the market last year for $70 million; its price was subsequently cut more than 14%, to just under $60 million. It also has yet to find a buyer.