Billy Joel Finally Sells Hamptons Oceanfront Estate

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ZillowBilly Joel's just-sold home in New York's Hamptons originally was built for actor Roy Scheider.
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APBilly Joel
After the loooongest time, Billy Joel has sold his Hamptons oceanfront estate for $19 million, Newsday reports. The buyer of the Village of Sagaponack home, originally built for late "Jaws" actor Roy Scheider, has not been disclosed.

The 5,500-square-foot, cedar-shingled home features four, first-floor bedroom suites, a Nate Berkus-renovated chef's kitchen; upper level dining and living rooms with drop-dead gorgeous ocean views; and 145 feet of Long Island beachfront.

Joel has had a bear of a time selling the property, moving its price up, down and all around during its five years on and off the market. It was listed at $22.5 million in 2009 and went as low as $16.75 million during the depths of the housing market collapse. After being relisted, its priced dropped by $600,000 early this year to $22.9 million, Zillow reported.

It was listed for $19.95 million when it went under contract in July, Newsday says.

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What's the lesson for mere mortals trying to sell a home? As "Million Dollar Listing" stars Ryan Serhant and Chris Leavitt say, picking the right price that matches neighborhood comps is key.

"It's always about pricing," Serhant says.
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