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Billy Joel Discounts Manalapan Property to $27M

A $2 million reduction

Billy Joel is now selling two of his adjacent Manalapan lots for a combined $27 million, per Gossip Extra, representing a $2-million reduction from the initial asking price:

Joel has been unsuccessful at getting rid of the 9-bedroom, 9-bathroom Atlantic-to-Intracoastal mansion at 1920 South Ocean Boulevard and the vacant lot next door for month, probably the result of a softening luxury real estate market, according to real estate sources.

The two lots encompass 300 feet of water frontage. The mansion recently underwent renovations and is described as "Modern Mediterranean Island Transitional, per the listing.