Can Alec Baldwin Finally Sell His Hamptons Home Now That His Manslaughter Case Has Been Dismissed?

Award-winning actor Alec Baldwin still wants to part ways with his Hamptons home.

A New Mexico judge last week dismissed the involuntary manslaughter case against Baldwin, a father of eight. The case stemmed from the fatal shooting on the set of the movie “Rust.”

Baldwin’s Amagansett, NY, property has been on and off the market since 2022, when it was listed for $29 million. The deluxe dwelling comes with 8 acres and was one of the most viewed homes on Realtor.com®.

Baldwin bought the property in 1996 for just $1.75 million. The 10,000-square-foot home has since been updated, and the price has been reduced by $10 million this year. Baldwin also took the novel approach of fronting a video about the home in hopes of attracting a buyer.

An elegant estate

Marketed as “simply unparalleled,” the acreage offers an opportunity to build a second 10,000-square-foot home on the grounds, a fact the listing details deem “unheard of” in the Hamptons.

Baldwin’s cedar-shingle dwelling maximizes indoor-outdoor space and floods the interior with year-round natural light. Notable features include an eat-in kitchen, a dining room, movie theater, wine-tasting room, and a wood-paneled library.

Outside, a fieldstone fireplace, gunite pool and spa, and a fenced vegetable garden are among the highlights.

There are also over 1,200 square feet of covered porches and two upper-level balconies that overlook the reserve to the south.

The offering promises “endless reserve views, horseback riding” and “all modern luxury amenities,” along with “access to world-famous ocean beaches and Village living.”

What’s the holdup?

In the property’s listing video, Baldwin extols the virtues of his home, revealing, “I fell in love with this place the moment I came here.”

He adds: “You just can’t get this here anymore. You can’t buy big pieces of land, especially in Amagansett, at least that I know of.”

Despite all of the amenities, space, and potential development, the home has been on the market for over 180 days. We asked some local experts to weigh in on the challenges of selling the place.

Hamptons-based Corcoran agent Ashley Farrell, who has seen the listing online, says in general, “90% of the time, when a home is not selling, it likely has to do with the price.”

She adds that those in the small buyer pool that can afford a mansion at this price point “don’t tend to compromise with what they want.”

Most importantly, Farrell tells us that a home marketed to this wealthy cohort needs to “check every box” when it comes to location and features.

“If not, they can go buy it or go build it—find it elsewhere,” she says.

‘Off the beaten path’

“It’s not surprising that this property hasn’t sold yet, given the challenges it faces,” says Jenny Lenz, managing director of Dolly Lenz Real Estate. She is familiar with the home.

“Firstly, the location is not considered prime for most buyers,” Lenz reveals. “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.”

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

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

Then, there’s the connection with Baldwin himself, a polarizing celebrity even before his recent legal woes.

“Finally, the celebrity connection is likely a drawback for most buyers in this case,” Lenz says. “Typically, a property associated with an A-list star would command a premium. However, given the negative publicity surrounding [him] at the moment, [his] connection and active participation in marketing the home is probably a detriment and clients have suggested it has an ‘ick’ factor.”

She suggests Baldwin might finally unload the home with a no-reserve auction.

Reservations about the reserve

While the house sits on an a 8-acre parcel, “3.2 acres is reserved for agricultural use exclusively,” says Jonathan Yarton, a New York-based agent from “Selling the Hamptons” on Max. He’s transacted throughout the Hamptons and is familiar with the Baldwin residence.

He says the 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 says. “From the perspective of, say, a developer, this undercuts the usability of the land.”

A buyer looking to solely create a family compound, with the addition of another structure, wouldn’t run up against this issue.

But the loss of those wide-open views could also be a drawback to building a second home, Yarton points out.

“In putting a house directly behind [the current home], you may begin to feel a decrease in value,” he adds.

But Yarton is less concerned than Lenz is about Baldwin’s current infamy.

“Normally a celebrity connection to a home is great,” Yarton says. “With everything going on with Alec the last few years, I think it may have been a tad of a hindrance; but with the new ruling in his case, I don’t see that continuing to follow him.”

His recommendation is to look beyond local buyers and into international markets.

‘Plenty of options’

Baldwin is also facing stiff competition in the coveted Hamptons housing market.

“There are plenty of options for the buyer who has $15 million to $20 million to spend,” says Telly Karoussos, a Douglas Elliman agent who is based in Amagansett.

Baldwin’s home is situated among farmland, and buyers at the property’s current $19 million price point can choose from a variety of houses closer to the water.

“You have other large land options, oceanfront options,” Karoussos says. “Brand new under $20 [million], preloved under $10 [million]. A bayfront compound consisting of four properties [nearby] just closed for less than $13 million after years on the market.”

He adds: “The Baldwin property is lovely, but it is a very old home that has been renovated on multiple occasions. The marketing even suggests that the buyer of this property might just want to build new.”

Or, as he points out, maybe this pool of high-end buyers doesn’t want to purchase at all. Luxury short-term rentals are a staple of Hamptons life, after all.

“Many of the people who could afford these properties are only here for a couple of weeks a year and are taking advantage of a lackluster rental market,” Karoussos says. “Some people prefer to do that regardless of the market. They can try a different spot every year.”