In Water Mill, a two-home compound spread across some 21 acres has listed for a cool $99.5 million, according to listings portal Out East.
In late 2021, Philadelphia real-estate developer Michael Karp purchased the grand property for an even more grand $118.5 million.
Karp listed 71 Cobb Lane for $72 million in the spring of 2022, gradually lowering price to $59.5 million, and then listed 70 Cobb Lane for same sum.
At the time of the sales listing, 70 Cobb Lane was available for rent for the Memorial Day-to-Labor Day season in 2023 for $2.5 million.
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