Yahoo! Homes of the Week: Million-dollar listings with recent price cuts of 25 percent or more

Zillow

Welcome to Yahoo! Homes of the Week, powered by Zillow. This week, we’re looking at million-dollar listings with recent price cuts of 25 percent or more. To see even more homes with million-dollar listings with recent price cuts of 25 percent or more, visit Zillow Blog.

Other recent price points we've looked at:
• Log cabins currently on the market across the U.S.
• Homes with pools for around $100,000
• Island getaway homes for less than $500,000



Houston, TX

1119 River Glynn Dr, Houston, TX
Previous list price: $2.89 million
Price cut: -$1.59 million (55 percent)
Current list price: $1.3 million

If traditional elegance is what you're looking for, this home offers a formal living room, study with built-ins and gourmet kitchen. After a series of cuts, the asking price recently dropped by 55 percent to $1.3 million.

Click here to go to the listing with more photos and details. And click here to see all Houston listings.

Longmont, CO
7001 Rozena Dr, Longmont, CO
Previous list price: $6.5 million
Price cut: -$2.55 million (39 percent)
Current list price: $3.95 million

This home has been on and off the market since 2010, recently dropping in price by 39 percent to $3.95 million. Surrounded by 115 lush acres, the house is traditional in style with built-in bookcases, a stately great room and master balcony.

Click here to go to the listing with more photos and details. And click here to see all Longmont listings.

Wolfeboro, NH
144 Springfield Point Rd, Wolfeboro, NH
Previous list price: $13.6 million
Price cut: -$3.6 million (26.5 percent)
Current list price: $9.99 million

An internationally acclaimed arts-and-crafts estate, this Wolfeboro home is located on Lake Winnipesaukee. With 37 rooms, 8 bedrooms, 11 bathrooms, 2 elevators and a 25-seat theater, the house is decked out with several luxurious amenities for $9.99 million.

Click here to go to the listing with more photos and details. And click here to see all Wolfeboro listings.

Water Mill, NY
(undisclosed address), Water Mill, NY
Previous list price: $18.5 million
Price cut: -$6 million (32.4 percent)
Current list price: $12.5 million

It's rare for a home in The Hamptons to see a sizable price cut in the summer months when buyers are eager to snatch up vacation homes on the coast. The seller of this 15,000-square-foot estate just dropped the asking price by $6 million.

Click here to go to the listing with more photos and details. And click here to see all Water Mill listings.

The Plains, VA
(undisclosed address), The Plains, VA
Previous list price: $21 million
Price cut: -$6 million (28.6 percent)
Current list price: $15 million

Listed for $21 million in March, this neoclassical-style estate dropped in price by 28.6 percent last month. Notable architectural details can be seen throughout the 20,000-square-foot home — from vaulted and coffered ceilings to carved mantels and 12 sets of french doors.

Click here to go to the listing with more photos and details. And click here to see all The Plains listings.

Los Angeles, CA
138 N Mapleton Dr, Los Angeles, CA 
Previous list price: $42 million
Price cut: -$12 million (28.6 percent)
Current list price: $30 million

A gated, classic revival mansion with a heart-shaped pool stands out in Los Angeles, but radio host Casey Kasem wasn't going for ordinary when he bought the home for his wife in 1989. Originally asking $42 million, Kasem recently dropped his asking price by 28.6 percent.

Click here to go to the listing with more photos and details. And click here to see all Los Angeles listings.

Miami Beach, FL
1116 Ocean Dr, Miami Beach, FL
Previous list price: $100 million
Price cut: -$25 million (25 percent)
Current list price: $75 million

It may not look like much from the street, but the former home of the late Italian designer Gianni Versace is simply extravagant with exterior plazas and a flashy gold pool. Originally listed for $125 million, the home has had two $25 million price cuts, settling at $75 million in May.

Click here to go to the listing with more photos and details. And click here to see all Miami Beach listings.

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