Once a model showcase of luxury home design, a Bridgehampton mansion is now being price-chopped from $27 million to $19.5 million. The credit mess is starting to affect the once unassailable high-end, as a foreclosure notice was recently filed against the home’s $4.4 million mortgage.

An unfortunate sign of the times, but if you’re in the market, and like the idea of an $8M discount, you might want to take a peek inside.