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Waterfront Estate on Little Island Cuts Its Price to $8.9M

'Tis the pricechopper's favorite season on the Cape & Islands. Spring has sprung and some sellers are getting serious, wanting to unload so they can unburden, upgrade or both. Now that it's May, listings that entered the market prior to the 13th year in the third millenium of the 21st century could most likely use a one-on-one with the chopper. Case in point, this waterfront estate on Osterville's Little Island. The custom seven bedroom overlooking West Bay and Nantucket Sound first hit the market in May 2012 asking $9,950,000. What does just $50K shy of ten million dollars get you these days? Well, now that pricechopper has visited, the same thing $8,900,000 could/should/would. The two-acre estate includes many luxury listing usual suspects, best left to the brokerbabble:

With approximately 212 +/- feet of south facing beach frontage, the property boasts rolling green lawns to the private dock, tennis court, elevator and an indoor swimming pool. As an avid award winning gardener, the owner has designed extraordinary grounds with lush landscaping and flowering gardens. The well thought out interior features formal living and dining rooms; a great room open to the gourmet kitchen and a first floor master suite. In addition, the lower level has a game room, exercise room and catering kitchen. Over the 3- car garage, there is an apartment for guests/staff.
Will this $1,050,000 slice do the trick, or will the chopper return?
· Listing: 132 South Bay Road, Osterville [Robert Paul Properties via Zillow]