Exclusive | Mica Erteguns lavish Hamptons mansionstripped down to the bare walls after a massive Christies dcor auctionhas its asking price slashed by $18M

The tony Southampton estate at 623 Halsey Neck Lane, the cherished retreat of the late Atlantic Records co-founder Ahmet Ertegun and his wife, Mica, has slashed its asking price by nearly 35% — tumbling from $52 million to $34 million, The Post has learned.The 11,000-square-foot Hamptons property, perched on 5.5 acres with 450 feet of Taylor Creek frontage, listed for that higher sum in March 2024 — its first availability since the Erteguns built it 35 years ago.Ahmet, a music industry titan who propelled talents like Ray Charles and the Rolling Stones to stardom, died in 2006 at 83 after a backstage fall in Manhattan.Socialite and philanthropist Mica, who outlived him by almost 17 years, passed away at 97 in December 2023 at this East End property, one of four the couple owned around the world.The residence features 10 bedrooms, 13.5 bathrooms, a staff wing and striking design elements like a towering pyramid-vaulted living room ceiling and a Palladian-inspired layout. And now, a deep-pocketed house hunter can buy it for less.“The price change really sort of came about as a result of having the house on the market for some period of time and realizing the buyer pool expectations given that the house, though is certainly in wonderful condition, is a house that was built 30 years ago,” Tim Davis of Corcoran, one of the brokers representing the listing, told The Post.“People may want to make changes to it and make some improvements to it.

And we’re seeing some very, very strong prices with houses that really don’t require any work at all,” Davis added.“And those that do require some work, we are seeing that we’re adjusting to the marketplace and getting a lot more action and offers.”Davis said that since the price cut, the home has lured in several interested parties, including an individual who plans on bringing his architect to see what modern-day upgrades can be made.“If somebody was to buy this and spend $4 to $5 million renovating, that...