Billy Joel Finally Sells Hamptons Oceanfront Estate

billy joe sagaponack home
ZillowBilly Joel's just-sold home in New York's Hamptons originally was built for actor Roy Scheider.
Madison Square Garden Press Conference
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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