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Hyannis Waterfront Mansion Cheaper, Set to Net $5M Profit

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Location: Hyannis Port, Mass.
Price: $5,750,000
The Skinny: Originally listed back in October for a little less than $6.5M, this gambrel-roofed shingle-style oceanfront mansion has just had its price trimmed by almost $750K in the hopes of scoring a sale before the end of the summer. The current owners might be a little disappointed to see a price cut, but considering the property last traded hands in 1995 for just $785K, they still stand to net a healthy seven-figure profit. The 17-room manse, sited directly on Nantucket Sound in the tony enclave of Hyannis Port, enjoys sweeping water views and is unusually private, thanks to a lack of direct neighbors. The 4,700-square-foot spread includes nine bedrooms, five bathrooms, broad porches, and a secret wet bar.

· 31 Dale Avenue [Zillow]
· In Hyannis Port, A $6.495M Waterfront Estate Hits The Market [Curbed Hamptons]