While the size of Tory Burch’s company continues to go only up, the price of her Southampton home continues to go down. Just reduced to $14.75 million, the six-bedroom, 8.5-bath home is on 4.5 oceanfront acres, according to Propertyshark.com. The clothing and accessories designer bought the property from her then-soon-to-be ex-husband in early 2009 for $22.5 million (they originally purchased it as a couple in 2005 for $14 million). Burch abandoned plans to flatten it and then put it on the market for $17.9 million; she lowered it to $16.75 million last June. She has subsequently purchased property less than five miles away. The property is co-listed with Eve Combemale of Sotheby’s International Realty and Tim Davis of The Corcoran Group.
