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'Prized Properties' of Tom Nevers Head Now $4 Million Cheaper

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It seems that the pricechopper has ferried over to Nantucket and taken a swing at one of the Cape and Islands most expensive listings. We wrote about the 24-room, three-dwelling property when it first hit the market in May with a hefty $15,999,000 price tag. Here's a brokerbabble refresher:

Stunning, waterfront properties sitting high atop Tom Nevers Head with expansive views over the Atlantic Ocean, Low Beach and Tom Nevers Pond. Large upside down houses with big decks and many sliding, glass doors to take advantage of the spectacular view. Very strong rental histories. These are the prized properties of Tom Nevers Head. Properties are available separately. After a $4,009,000 chop, the ask is now $11,990,000.
· 'Prized Properties' of Tom Nevers Head Hit the Market for $16M [Curbed]
· Here Now, the Cape and Islands 20 Most Expensive Listings [Curbed]
· Listing 1 & 3 Elliott's Way, Nantucket [J Pepper Frazier Co. via Zillow]