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Southampton Château Gets Trimmed to $65 Million

Owned by the late John F. Sullivan, a financial executive, the oceanfront home includes materials imported from Europe.

A French Château-style home in the Hamptons is getting a price cut to $65 million from $75 million.

The property, which sits on about 3½ acres on the ocean in Southampton Village, first went on the market this summer, when it was being offered along with an adjacent five-bedroom house owned by the same family for a total of $100 million. At the time both homes were also available individually: the oceanfront home for $75 million and the other house for $35 million. This time the oceanfront property is being offered by...

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