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Olde Towne Parcels PriceChopped; Tennis Pro's Cottage in Contract

The latest headlines from Curbed Hamptons, our outpost on the East End...

1) Tennis pro Guillermo Villas' historic sag harbor cottage is now in contract. It was most recently asking $925,000, with some haste-inspiring brokerbabble ("reduced for immediate sale") that probably didn't hurt.

2) New to market: an Amagansett house designed by architect and Star Trek set designer Franklin D. Israel. Beam yourself up for $1.39 million (but check out the photo gallery first).

3) Also on the market, returning after a hiatus, are the 4-acre parcels at Southampton's Olde Towne development. They're now only $11.5 million each, nearly half off their last prices.

· Curbed Hamptons []