(Turner first tried to sell the property in late 2007, shortly after her divorce from her real estate magnate husband, Jay Weiss.)
Fortunately for Turner, that $3.9 million is still something of a profit, though.
Turner initially purchased the Bluff Road home, which sits across a 25-acre preserve, in 1990 for $488,500. The 5,000-square-foot historic East Hampton home was built in 1903 and has six bedrooms, 5.5 bathrooms, five fireplaces, two living rooms, an eat-in kitchen, butler's pantry and original leaded-glass window. (See photos below.)
Turner, who has starred in movies such as "Romancing the Stone" and "The Virgin Suicides," and most recently made appearances on Showtime's "Californication" series, has her own flair for design -- she's apparently added extensive renovations to the residence over the last few years.
According to experts, renovating a home usually is a smart move if you want to get some bang for your buck when it's resale time. Sadly for the husky-voiced Turner, those renovations on her lovely-yet-understated beach house didn't amount to the extra $4.1 million she was hoping for.
The sweeping, unobstructed ocean vistas are worth every penny, as is the location, which is comparatively removed from the hell that is Hamptons traffic come summer.
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For more on related topics see these AOL Real Estate guides:
- Home Improvements: Top Projects Under $500
- Top 10 Home Improvements That Pay You Back
- Home Improvements Sellers Should Avoid
- Top 5 Home Improvement Projects for Winter
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