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Waterfront Estate in Osterville Gets a $3M Pricechop

Since first hitting the market back in June 2010, this Osterville estate has seen it's price lowered just twice - the most recent $3M chop coming less than a week ago - for a grand total of $3.5M. Latest ask? $12,999,000. For now, even with the latest chop, we're pretty sure the waterfront residence is still pricey enough to remain on our map of the Cape & Islands 20 Most Expensive Listings.

Set on 2.72 acres, the six bedroom main house features a central courtyard, multiple balconies and a rare stucco exterior, all of which "invites comparison to an elegant Mediterranean country house." The 7,773 sq. ft. residence also has an elevator, so no need for the much-desired first floor master. In addition, there's 620' of water frontage, two private deep water docks, and a separate guest house. So, do you think the latest chop will get the job done?
· Listing: 986 Sea View Avenue, Osterville [Robert Paul Properties via Zillow]
· The Cape & Islands 20 Most Expensive Listings, Dec. '12 [Curbed Cape Cod]