Potato Road, Sagaponack: $7.9 million
It’s the perfect little weekend house—four bedrooms, four baths, with a tower that overlooks the beach and the notorious Ira Rennert’s oversize estate. Now owner David Silver, whose portfolio fell into the Madoff abyss, is selling. The price of the house, which used to be owned by film director John (Rocky) Avildsen, has been cut from $14.5 million to $10.95 million to $7.9 million, and vulture shoppers have made offers south of $5 million.
Broker: Ed Petrie, Sotheby’s.