There’s been a $2 million price drop on Startop Estates, the 16-plus acre former thoroughbred horse ranch in Montauk. The hilltop estate, which encompasses up to seven parcels of land, is listed with Raymond and Joan Hegner of The Corcoran Group for $15.5 million.
Joan Hegner says that the property can also be purchased in smaller parcels at various price points starting at $1.2 million. The main parcel, which includes 14.4 acres and the original five- bedroom ranch house, can be purchased for $10.5 million.
Startop Estates borders a 6-acre agricultural reserve and a 1,000 acre county park with trails that lead to the Montauk Lighthouse. The vistas include views of the Atlantic Ocean, Lake Montauk and Block Island Sound.
The estate once encompassed 50 acres and was home to 30 thoroughbreds; today a handful of horses remain. Startop was originally owned by surgeon Dr. Leon Star, who passed away in 1987.