EXCLUSIVE: Alec and Hilaria Baldwin Slash Yet Another $1 Million Off Price of Their Beleaguered Hamptons Mansion

Actor Alec Baldwin and his wife, Hilaria Baldwin, have cut another $1 million from the asking price of their longtime Hamptons home—just six months after listing the property for $21 million.

The Baldwins have made multiple attempts to sell the expansive Amagansett, NY, property over the years, beginning in September 2022, when it was put on the market for $29 million—a price that was then dropped steadily over the next 16 months, ultimately falling to $18.99 million in January 2024.

But the property failed to shift of the market, even after Alec, 68, filmed a personal video tour of the home, touting its many features and describing the memories he and his family had made there.

Still, no buyer came forward, and by October 2024, he and Hilaria, 42, had delisted the home altogether.

At that point, it seemed the couple, who share seven children together, had done a total U-turn on their decision to sell the five-bedroom estate, telling The New York Times in August 2025 that they had found it next to impossible to "quit" the home, particularly because it had become so important to their children.

"We keep coming back here because the kids are very happy," Alec said. "They love it here. When I go up to the kids and go, ‘Want to sell the house?’, they go crazy. It’s a kid’s home that I never want to leave."

But just four months after that interview was published, they threw another real estate curveball, popping the Hamptons manse back on the market, this time with a new set of listing photos and a newly reduced asking price of $21 million.

Within six weeks, that ask had been lowered again to $19.99 million and now, Realtor.com can reveal, it has undergone another significant drop, this time to $18.99 million.

The latest discount comes just three months after Hilaria—who has just over one million followers on her Instagram account—filmed her own personal social media ad for the property, urging her fans to help her and her husband find new owners for their "piece of paradise."

In the clip, which is still posted on her Instagram, the mother of seven and former "Dancing With the Stars" contestant touted her favorite features of the property, including its proximity to the beach, the privacy, the size of the parcel, and the many memories that she and her family have made there.

"You know how much we love the Hamptons, we've made the most amazing memories in our home," she began the clip—before explaining that they only decided to sell the property because the family is "off on a new adventure" that she could not yet disclose the details of.

While she has not revealed what that adventure entails, her social media accounts still show the family residing largely at their New York City apartment, although Hilaria has also traveled to Los Angeles and the Dominican Republic for various work projects in recent months.

Still, she noted in her video that, while the family no longer has a need for their Hamptons home, they will be devastated to leave it behind, especially her children who have spent much of their lives retreating to the property for the summer.

"We spend the summers in our pool. We go down to the beach which is really close to where we are. The kids go to camp there. … It is such an amazing, beautiful place," she continued.

She then shared the details of their listing agent, Scott Bradley with Saunders & Associates, before urging her followers to scroll through the images of the property included in her post—while noting that the link to the listing has been added to her bio.

"Our family is going to go off on a new adventure, which means we are selling our Hamptons home," she wrote in the accompanying caption. "It's bittersweet because we have made so many amazing memories there, and we are excited for our next chapter! While we are sad to leave it, we know the next owners will love it just as much as we do … so I wanted to share it here … it really is a piece of paradise.

"Link in my bio and you can contact Scott Bradley at Saunders & Associates with any questions."

On paper, the couple's five-bedroom abode appears to offer everything someone might be looking for in an idyllic Hamptons escape, including ample space on the parcel for expansion, including the addition of a tennis court and a guesthouse, as well as an area that has been earmarked as a potential spot for an equestrian stable.

According to the listing, plans for an extension to the primary residence have also been drawn up, which would add "two more bedrooms, plus a formal dining room, sunroom, and a large screened-in porch."

The property already comes complete with a huge eat-in kitchen, a private wood-paneled library, a movie theater, and a wine tasting room, as well as outdoor entertaining spaces, including a pool and a pavilion with a fireplace.

However, real estate experts have previously revealed that there may be other barriers in place that are preventing a prospective buyer from coming forward.

On paper, the property offers amenities that any would-be Hamptonite might seek in a dwelling—including ample opportunity for expansion, which the latest listing has made very clear.

The listing's feature photo depicts an overhead, outlined view of the property, with suggested uses for various segments printed in white lettering. They include "Proposed tennis court," "Proposed 1,500 square foot guest house," and "Agricultural Reserve area ... for proposed private vineyard, equestrian stable or organic garden."

It's a far cry from most listings, which usually lead with a dazzling glamour shot of the mansion.

"The existing five-bedroom modern farmhouse home has architectural plans for expansion with two more bedrooms, plus a formal dining room, sunroom, and large screened-in porch," the description adds. Approval has already been obtained for an upgraded septic tank for up to 10 bedrooms.

"Moreover, the opportunity to build a new, equally impressive guest house in Amagansett is unheard of in the Hamptons," notes the listing, which also elaborates on the rare Hamptons opportunity to build a tennis court.

Real estate pundits and fans alike have been speculating for years about why the property hasn't attracted a suitable buyer. Some have noted that the couple's divisive nature, as highlighted in their short-lived TLC reality TV show, self-titled "The Baldwins," may not have done the mansion any favors.

And of course, Alec's own legal battles, stemming from manslaughter charges involving a fatal shooting on the set of the movie "Rust," probably didn't help the sale, even though those charges were dismissed in 2024.

But that was then and this is now, and when it comes to Hollywood scandals, the public has a short memory. The "ick factor," as one agent put it, that once surrounded the home seems to have faded, and it seems that potential buyers are now more focused on the property's virtues—or lack thereof.

The spacious, cedar-shingled modern farmhouse has been marketed as "simply unparalleled," with five bedrooms, eight bathrooms, and abundant natural lighting. Other notable features include an eat-in kitchen, a dining room, a home theater, a wine room, and a wood-paneled library.

Outside, a fieldstone fireplace, gunite pool and spa, and a fenced vegetable garden are also attractive assets.

In addition, there are more than 1,200 square feet of covered porches and two upper-level balconies, which overlook the reserve to the south.

The "access to world-famous ocean beaches and Village living" is also a huge selling point.

But there are still a few drawbacks, according to some real estate experts who are familiar with the property.

"It's not surprising that this property hasn't sold yet, given the challenges it faces," Jenny Lenz, managing director of Dolly Lenz Real Estate, previously told Realtor.com®.

"Firstly, the location is not considered prime for most buyers. While Amagansett is trendy and idyllic, this property is north of the highway and off the beaten path, yet it's priced as if it's on a prime street in East Hampton or Southampton," she notes.

And although the home shows well in the listing photos, Lenz added that its style could also be a barrier for buyers.

"The house is quite dated for the current market," she explained. "Buyers in this area are looking for more modern styles and either new construction or recently renovated homes."

The generous acreage of the property and its uses may also be a drawback for some buyers.

While the house sits on an 8-acre parcel, "3.2 acres is reserved for agricultural use exclusively," Jonathan Yarton, a New York-based agent from "Selling the Hamptons" on HBO Max, told Realtor.com in March.

He also warned that the expansive acreage isn't exactly a perk from everyone's point of view.

"From an everyday buyer's perspective, this sounds great since you don't have to worry about neighbors," Yarton said. "From the perspective of, say, a developer, this undercuts the usability of the land."

However, Diana Rafailova Schwartz, a licensed real estate broker and the founder of Aleph Realty, who represents high-end residential and commercial properties across New York City, the Hamptons, Miami, and Palm Beach, was more optimistic about the potential in the home.

"Properties like this don’t come around often," she said. "Ten acres of flat land in the Hamptons is incredibly rare: private, exclusive, and for buyers who want something unique, it’s gold.

"Among the ultrahigh net worth clients I work with, there are generally three types: Some want turnkey, move-in-ready homes. Others want to create something truly one-of-a-kind, customizing every detail. Some view real estate as a strategic investment.

"This property sits between the second and third type, perfect for someone who wants to build a unique estate while also recognizing the value of prime land.

"It’s not an easy sell, but it will sell. It just takes time. In the ultrahigh-end market, speed is secondary to uniqueness and scale, and this property has both in spades."

In other words, Rafailova Schwartz believed that the right buyer is someone who will enjoy the estate's family assets, flexibility, and eventually, profit potential.

Still, the Baldwins needn't worry about moving on with their lives. After all, the Hamptons dwelling is not their main residence. It is, in fact, just a weekend and summer home they use when they want to escape the city.

In the meantime, they are making do in a sprawling Greenwich Village penthouse they bought in 2011, which they gradually added adjacent units to. It now measures roughly 4,100 square feet and has four bedrooms, 4.5 baths, and plenty of outdoor space.

There are reports, however, that they are trying to sell their penthouse compound privately, and once their two New York properties are in the rearview mirror, they'd like to head to California for a fresh start.