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Thanks to the ever-alert folks at Hamptons Curbed we know that Billy Joel’s Sagaponack, NY home took a $1.4 million price cut just before the holidays, going from $19.9 million to $18.5 million. It was originally listed for sale for $22.5 million in 2009, so this turns into a total price drop of 18% so far.

Joel purchased this home in 2007 from the late actor Roy Scheider (“Jaws”) for $16.75 million and then had it completely renovated and decorated by designer Nate Berkus, who became a household name from his frequent appearances on the Oprah Winfrey Show. Joel purchased the home for his third wife, Katie Lee, but when their marriage went south in 2009, the home hit the market.

Joel’s two-story house has 4 beds, 6 baths, and is sited on 145 feet of oceanfront. Terraces on both levels offer views of the ocean. A first-floor master suite has a master bath and fireplace. Three other guest rooms are also on the first floor with adjoining baths. The second-floor plan includes spacious living room with cathedral ceiling and two fireplaces, plus the chef’s kitchen and large pantry. An office is also located on second floor.

> See more Sagaponack real estate

> See Sagaponack home values

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