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Sandy Gallin, Hollywood power broker-turned-house flipper, has reduced the price on his 2-acre, wisteria-draped estate in East Hampton, NY, to $22.5 million.
Gallin, who made a late-career change from talent manager to the stars and Hollywood producer to home renovations and celebrity contractor, bought the Further Lane property in 2011 for $5.1 million, records show. He tore the main house down to the studs and put up a new, old-style 6,500-square-foot farmhouse.
The compound includes huge outdoor entertaining areas and four outbuildings: pool house, guest cottage, gym, and three-car garage.
Gallin, who likes to move from project to project, listed the property last year for $24.5 million, then whittled it to $22.5 million three months ago, says listing agent Linda Haugevik with Douglas Elliman. Throw in $2 million more, and you can own the furnishings and art within.
"Sandy does these projects and puts his heart and soul into them," Haugevik told us. "But once it's done, he wants to move on to another project."
Which means Gallin, who used to manage Michael Jackson and Dolly Parton, is looking at more Hamptons properties to fix and flip -- but he isn't biting until his Further Lane compound finds a buyer.