Alec Baldwin has been trying to sell his seven-bedroom, nine-bath house in Amagansett since 2022, a year after the fatal Rust shooting. He even made a forlorn video about it, in which he sadly extolled the features of the property and sounded like he didn’t want to sell it at all. Now that the Rust case against him has been dismissed, it might seem like any potential buyers put off by legal troubles can now move ahead without any qualms.

But, as multiple real-estate agents told Realtor.com, the house is maybe not worth its asking price of $19 million (down from an original asking price of $29 million). They noted that the location — north of the highway, and therefore far from the water — isn’t actually ideal, and that a portion of the eight-acre parcel is reserved for agricultural use, which means it’s not what developers are looking for. Telly Karoussos, a Douglas Elliman agent, pointed out that there are a lot of better locations at the current price point. “You have other large land options, oceanfront options,” he told Realtor.

And then there’s the actual design and décor of the 10,000-square-foot estate. Buyers who have nearly $20 million to spend are looking for something that’s move-in ready, not one that needs a renovation. The house that Baldwin has lived in with two different wives over three decades is a classic farmhouse with a somewhat stodgy Hamptons vibe. “The Baldwin property is lovely, but it is a very old home that has been renovated on multiple occasions,” Karoussos said. “The marketing even suggests that the buyer of this property might just want to build new.”

But perhaps one of the main drawbacks, some brokers suggest, is Baldwin himself. The charges against him might have been dismissed, but, as Jenny Lenz, managing director of Dolly Lenz Real Estate, put it, the actor’s “active participation in marketing the home is probably a detriment and clients have suggested it has an ‘ick’ factor.”

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