Georgica Pond Waterfront, Estate of the Day
Six years ago, Chris Whittle, founder of school-management company Edison Schools, decided to sell his Hamptons home. The Wall Street Journal Private Properties column reports that he tried to sell the entire estate for $45 million, then $36 million, but eventually took it off the market. Now he is offering a 3.7-acre property which is home to a classic shingled four-bedroom, four-bath guest house, designed in 1990 by architect Peter Marino. It is listed at $27 million which is a bit high but does include 403 feet on prized Georgica Pond and it is the Hamptons after all. The home has a large living room, country kitchen, master bedroom suite plus three guest bedroom suites and powder room. It is listed at $27 million.
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Reader Comments (Page 1 of 1)
eric of az Nov 30th 2008 4:34PM
Not much of a house for $27M. Nice, but not a $27M one.
DJ Dec 1st 2008 9:11AM
1 - It's in the Hamptons
2 - It has 400 feet of frontage on the pond
3 - It's in the Hamptons where money has a different value than the rest of the country, except LA.
Bubbalo4 Dec 1st 2008 11:34AM
For you.
45
36
27
...
18???
Jack Dec 1st 2008 1:40PM
There was to be expected that the great bubble burst. I understand the prestigious place, finishing valuable, the cost of labor and materials, but now the games are finished. The houses are no longer a safe investment like years ago. And the worst is yet to begin, anywhere in the world.
I bought a house 7 years ago for a correct price, I finished very well and I sold three years ago to a very high price because it was in a beautiful area. Now with the crisis that is less than when I bought. Now the value of a house will be given by other parameters such as environmental certification
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