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Location: Fishers Island, N.Y.
The Skinny: Described in the brokerbabble as "one of the great houses on the East End of Fishers Island," the stone-and-shingle mansion known as Maddemar was completed in 1927 and was included in the original Olmsted Brothers plan for the gated East End. Recently restored to its original glory, the five-bedroom, five-bathroom spread sits on nearly six acres of trees, with a rolling lawn to the water, a long gravel driveway, and a petite guest house. The ample entertaining spaces include a formal dining room, a 27-foot living room, and a glassed-in stone sun room with fireplace. The current owners, who restored the home and landscaped the grounds, were originally hoping for $4.3M, but have chopped the price to $3.99M.
· Maddemar [Shutters & Sails]