Billy Joel has struggled to sell his Hamptons abode for nearly two years now.And Hurricane Sandy didn’t do the piano man any favours.
Next to Joel’s Sagaponack home, where there use to be a beach, there is now an eight-foot drop off, according to The Real Deal.
Jeffrey Colle, a high-end Hamptons developer located in Wainscott, told The Real Deal:
“There’s an enormous amount of erosion in the main dune. … The road stops and you walk onto the sand usually, and, well, now the road stops and it’s just eight feet down.”
Joel had lowered the price several times on the four-bedroom, six-bathroom house. It’s currently asking $16.75 million.
Joel and his now-ex wife bought the home in 2007 for $16.8 million, so now there’s almost no chance Joel will even break even.
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