Hilton Family’s Iconic Hamptons Summer Home in Contract After Dramatic $4M Price Cut.. Find Out Why!

On September 10, 2024, the Hilton family’s Hamptons summer home is in contract after a significant price reduction. Originally listed for $14.95 million, the property now has a new asking price of $10.99 million. This stunning estate has attracted a buyer six months after the price was cut by $4 million.

The home, located in Water Mill, was purchased by Rick and Kathy Hilton in 1999. It has been a cherished summer retreat for their daughters, Paris and Nicky. The sale’s details, including the buyer’s identity, remain undisclosed.

Key takeaways:

• The Hilton family’s home is in contract after a $4 million price cut.
• Originally listed for $14.95 million, the new price is $10.99 million.
• The property has been a summer retreat for Paris and Nicky Hilton.
• The home features six bedrooms and sits on 2.7 acres.

Fast Answer: The Hilton family’s Hamptons home is now in contract after a substantial price reduction. This property, once listed for nearly $15 million, has attracted a buyer at a new price of $10.99 million. The home has been a beloved summer spot for the Hilton daughters over the years.

Hilton Family’s Hamptons Home: A Stunning Retreat with a Rich History

The Hilton family’s Hamptons summer home is a traditional shingle-style residence built in 1992. Nestled in a gated community, it boasts 10,500 square feet of living space. The home features six bedrooms and 7.5 bathrooms, making it perfect for family gatherings. Set on 2.7 acres, it offers ample outdoor space, including a lagoon-style pool and outdoor dining areas.

Success! The Hilton family’s ability to attract a buyer after a price cut showcases the enduring appeal of Hamptons properties. This sale highlights the luxury real estate market’s resilience and the continued interest in exclusive homes.

Inside the Hilton Family’s Water Mill Estate: Luxury and Comfort Combined

The interior of the Hilton family’s home is designed for comfort and luxury. It features a chef’s kitchen, three wood-burning fireplaces, and high ceilings. Friends of the family note that the Hiltons have rented the property more often than they have used it themselves. The home was last updated in 2018, ensuring modern amenities while retaining its classic charm.

Key Features of the Hilton Family’s Hamptons Home

Here are some of the standout features of the property:

• 6 spacious bedrooms and 7.5 baths
• Chef’s kitchen with modern appliances
• Three wood-burning fireplaces for cozy evenings
• Access to Fowlers Beach, just a mile away

As the sale progresses, many are eager to see who will become the new owner of this iconic Hamptons estate.