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Fire Island glass house drops to $3.995M, $1.3M above Cherry Grove record after no buyer

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Cite

TOI Real Estate Desk. (2026, September 6). Fire Island glass house drops to $3.995M, $1.3M above Cherry Grove record after no buyer. Times of India. https://timesofindia.indiatimes.com/real-estate/news/a-fire-island-glass-house-drew-350-viewers-at-5-25-million-but-no-buyer-after-1-255-million-in-cuts-its-3-995-million-ask-is-still-nearly-1-3-million-above-cherry-groves-record-sale/articleshow/133834575.cms

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

Times of India · collected 2026-09-06 · by TOI Real Estate Desk

Quick Summary

The property in question is the Crest House, a four-bedroom glass house located in Cherry Grove on Fire Island, New York. Despite being listed for $3.995 million after two major price reductions from its original $5.25 million listing, no buyer has emerged yet. The house's asking price would still be above the existing sales record in Cherry Grove, which is $2.7 million, according to listing agent Nikola Cejic of Douglas Elliman's Lord Chapin Team. Over 350 people have viewed the property since it went on the market in July 2026, but a sale has yet to be made.
Written by AI on 2026-09-06, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

A glass house in Cherry Grove, New York's Fire Island, has been reduced to $3.995 million after failing to attract a buyer despite generating significant interest from over 350 potential buyers since it went on the market in July 2026. The four-bedroom property, known as Crest House, was initially listed for $5.25 million, but has undergone two major price reductions, totaling $1.255 million off its original listing. Despite being reduced to a still-high asking price, the house would be above the current record sale in Cherry Grove, which is $2.7 million, if it sells at this price. The property's large oceanfront lot spans 120 feet** and has been viewed by numerous interested parties, but no sale has been made yet.

Written for “Fire Island Luxury Real Estate” on 2026-11-01, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Fire Island Luxury Real Estate
Economy/Business · 1 article(s) covering the same event.

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Claims extracted
40
sentences that state something as happening or true
Uncertain
8%
3 of 40 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
59/100
Times of India's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-06 · how these are computed

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Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Times of India · 3827 article(s) · 2 correction(s) detected
Running correction rate · 2 correction(s)

Who wrote this

TOI Real Estate Desk
123 article(s) here · 1 carrying a prediction
🔮 Other headline-making sales include British singer Robbie Williams’ Beverly Hills-area estate, which rapper Drake acquired in 2022 for a reported price in the mid-$70 million range, according to the Los Angeles Times.
🔮 Every New Yorker you meet will tell you how much they dream of owning a home in the city.
🔮 Furnishings and artworks were not included in the original asking price, although they could be negotiated separately.
🔮 Beyonce's mother on the family home For Beyonce's mother, Tina Knowles, the property was a place where the family could spend time together.
🔮 Aguilera told Realtor.com that clouds moving in from the coast could settle below the property, creating the impression of a blanket of fog resembling a waterfall.
🔮 Why Golden Beach could complement Jeff Bezos’ Indian Creek property portfolio If Bezos is confirmed as the buyer, the Golden Beach estate would add to his reported $234 million real estate portfolio on Indian Creek Island, a highly secured enclave favoured by some of the world’s wealthiest residents.
🔮 Each owner has added a chapter to its story, and the next buyer will inherit that history along with the wood, concrete and glass!
🔮 The $5.65 million sale price may look like a win because it was $2.25 million more than she paid.
🔮 The barn had a loft that could be converted into a one-bedroom apartment.
🔮 During the pandemic, he watched his wife’s five-year-old daughter kicking gravel around the yard and worried that a stone could break a window.
Wire or desk byline, not an individual reporter.
Also by TOI Real Estate Desk
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 123 articles by TOI Real Estate Desk →

Topics

Cherry Grove Long Island Lord Chapin Team New York’s Realtor

Subjects

Cejic PERSON · 7× Cherry Grove GPE · 7× Douglas Elliman’s PERSON · 1× Fire Island GPE · 1× Long Island GPE · 1× Lord Chapin Team ORG · 1× Manhattan GPE · 1× New York’s GPE · 1× Nikola (Niko) Cejic PERSON · 1× Realtor ORG · 1×

Narrative

A striking glass house in Cherry Grove on New York’s Fire Island has attracted more than 350 viewers since it went on the market, but the attention has not yet resulted in a sale.
framing: assertive · carried by 1 article(s) · first seen 2026-09-06
🔮 Even at the reduced price, the house would be far above the existing sales record in Cherry Grove if it sells close to its current asking price.

Claims (40 extracted, 3 hedged)

A striking glass house in Cherry Grove on New York’s Fire Island has attracted more than 350 viewers since it went on the market, but the attention has not yet resulted in a sale. asserted
attention → attract → sale
The four-bedroom property, known as Crest House, was initially listed for $5.25 million in July 2026. asserted
property → know → July
The property has since undergone two major price reductions. asserted
property → undergo → reductions
According to Realtor, after first dropping to $4.85 million a few weeks after its launch, the asking price has now been cut to $3.995 million. uncertain
price → accord → million
That means the seller has reduced the price by a total of $1.255 million from the original listing. asserted
seller → mean → listing
Even at the reduced price, the house would be far above the existing sales record in Cherry Grove if it sells close to its current asking price. asserted
it → reduce → price
According to listing agent Nikola (Niko) Cejic of Douglas Elliman’s Lord Chapin Team, the highest price ever paid for a property in Cherry Grove is $2.7 million. uncertain
price → accord → Grove
Despite the unusually high asking price, the property has generated considerable interest from potential buyers. asserted
property → generate → buyers
Cejic said, “We have had over 350 people view the house,” Cejic says. asserted
Cejic → say → house
“It got the most attention of any listing but wasn't selling.” asserted
It → get → listing
Large oceanfront property Crest House sits on a rare 120-foot double lot and covers 7,130 square feet. asserted
House → sit → feet
The property is being sold fully furnished, giving the next owner a ready-to-use home. asserted
property → sell → home
The house was custom-built in 2012 as a post-and-beam residence. asserted
house → build → residence
It has 120 feet of direct ocean frontage and is fully solar-powered. asserted
It → have → frontage
Its design focuses heavily on the surrounding water, with the home positioned to make the most of its location. asserted
home → focus → location
“The way the home was constructed, it was directed toward the water,” Cejic says. asserted
Cejic → construct → water
“And the thing that drew the owner here is its peace, calmness, and seclusion.” asserted
that → draw → owner
The three-storey home has several features designed to connect its interior with the outdoors. asserted
home → have → outdoors
The three-storey home has several features designed to connect its interior with the outdoors. asserted
home → have → outdoors
These include vaulted ceilings, a floating staircase, oversized windows and retractable glass walls. asserted
These → include → ceilings
The property also has three fireplaces. asserted
property → have → fireplaces
This includes large decks, a covered porch, a private courtyard and a heated pool. asserted
This → include → decks
The outdoor areas were also designed with entertaining in mind. asserted
areas → design → mind
“It is a great house for large-scale entertaining,” Cejic says. asserted
Cejic → say → entertaining
“The seller wanted a modern sleek family home to entertain. asserted
seller → want → home
They had a musician on the deck, and there was still a ton of space left. asserted
They → have → space
You could have a 200-person concert on the deck.” uncertain
You → have → deck
Why location matters The property’s setting is a major part of its appeal. asserted
setting → matter → appeal
Fire Island is a car-free community and can be reached from mainland Long Island by a short ferry ride. asserted
Island → reach → ride
Within Cherry Grove, residents and visitors travel mainly on foot and along boardwalks. asserted
residents → travel → boardwalks
Cejic says this makes the community particularly secluded and contributes to its distinct character. asserted
community → say → character
“Cherry Grove is all walking and boardwalks, so it's very secluded,” Cejic says. asserted
Cejic → say → ?
“It's a real hidden gem and kept under the radar.” asserted
It → keep → radar
The listing agent also says the property is expected to serve as a second home for its eventual buyer because Fire Island is a resort town. asserted
Island → say → buyer
The current marketing is aimed at buyers from Manhattan as well as members of the LGBTQ community. asserted
marketing → aim → community
The house is also located close to Fire Island Pines. asserted
house → locate → Pines
The community is about a 15-minute walk from Cherry Grove and has its own high-end property market. asserted
community → have → market
Fashion designer Michael Kors has listed a beachfront compound there for $6.25 million. asserted
Kors → list → million
For Crest House, however, the challenge remains finding a buyer willing to pay a price that would set a new record for Cherry Grove. asserted
that → remain → Grove
“You can't get better than 120 feet of ocean frontage and beach access,” Cejic says. asserted
Cejic → get → frontage
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