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Alec Baldwin has put the price down on his Hamptons home by $15 million.
Alec Baldwin is taking a huge hit with the sale of his luxury home in the Hamptons.
The star actor sold his seven-bed, 7.5-bathroom home on 10 acres for an eye-watering $10 million when he first put it on the market in 2022. It was relisted for a reduced price ($1,000,000). .
Baldwin even created a video about the property featuring himself to help people sell their homes.
![335 Town Ln, Amagansett, NY 11930](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
This home is located on a large 10 acre lot.
The home at 335 Town Line in Amagansett, New York, has been relisted for a sale price of $19 million, according to the New York Post. This is a significant drop from the $29 million list price the home was last listed for sale in September 2022.
The latest property information is accompanied by a two-minute video starring Baldwin introducing the property. In the video, they can be seen strolling along a nearby beach and exploring their expansive 10-acre property.
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Baldwin is shown blowing up his house on video.
The pool area is a highlight.
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Baldwin has owned the home for nearly 30 years.
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“You can't get this here, especially in Amagansett, where you can't buy a big piece of land,” Baldwin, 65, passionately declares in a promotional video.
The Amityville native acquired the property in 1995 for just $1.7 million and has expanded significantly over the years.
After two additions over the past 30 years, the main home now measures an impressive 10,000 square feet.
In addition, the property has been approved for the construction of a separate 10,000 square foot home in addition to the potential expansion of the existing four-bedroom, seven-bathroom home.
335 Town Ln, Amagansett, NY 11930
Baldwin initially set a high bar for the listing price of $29 million. However, recognizing the evolving market dynamics, he made strategic price adjustments, first lowering it to $25 million and then to $22.5 million in early 2023.
The listing will continue to be led by Scott Bradley and Michael Cinque of Saunders & Associates.
While real estate takes center stage, Baldwin has had a busy role in the New York real estate industry.
At the same time, Baldwin has carefully considered his options for a Manhattan penthouse in Greenwich Village.
On a more idyllic note, the couple invested $1.7 million in a picturesque 55-acre farm in Arlington, Vermont.
Portions of this article originally appeared in the New York Post and are republished here with permission.
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