People.com Lifestyle Home Matt Lauer Slashes Asking Price of Hamptons Mansion Again to $12.75 Million: See Inside The price has been reduced over $5 million since the house was listed a year-and-a-half ago By Stephanie Petit Stephanie Petit Stephanie Petit is a Royals Writer/Reporter at PEOPLE. She has been with the brand since 2016 after graduating from The College of New Jersey and holding previous positions at Seventeen, CBS Radio and more. Follow the proud dog mom on Twitter at @stephpetit_ for the latest on Queen Elizabeth's corgis. People Editorial Guidelines Published on March 15, 2018 10:43 AM Share Tweet Pin Email Matt Lauer has lowered the price of his Hamptons estate over $5 million since listing it over a year-and-a-half ago. The disgraced Today host, who was fired in November for alleged sexual misconduct at work, has his 6-bedroom, 8-bath Sag Harbor, New York, estate on the market at $12.75 million after a price decrease this month. Lauer originally listed the property for $17.995 million in July 2016. The latest drop cut $2.1 million off the asking price, according to Realtor.com. According to Observer, he reduced it twice before: by $1 million in September 2016 and again in June 2017, to $14.9 million. The home is set on 25 acres that include a heated pool, pool house, wet bar and tennis court. The estate grounds were designed by Anna Wintour's landscape architect, Miranda Brooks, and have "secret" gardens. Inside, Daniel Romualdez, a favorite of fellow Hamptons homeowners Tory Burch and Ina Garten, executed the decor. Matt Lauer. Jake Rajs; Anthony Harvey/NBC/NBC NewsWire via Getty Images Matt Lauer home. Jake Rajs Matt Lauer home. Jake Rajs The ex anchor, 60, has been laying low on Long Island, where he has owned several properties, since the scandal broke to focus on his family. Shortly after his firing, photographers spotted Lauer driving out of his home in nearby North Haven wearing sunglasses. Architectural Digest reports Lauer bought that $36.5 million house from actor Richard Gere in 2016. The beachfront Strongheart Manor features a 14,000-square-foot main house with two guesthouses and a basketball court on six acres. Matt Lauer. Charles Sykes/Invision/AP/REX/Shutterstock PEOPLE confirmed in December that Lauer and wife Annette Roque had removed their rings after rumors broke that he was often unfaithful to her — though a source said Lauer was "fighting to save the marriage." "He doesn't want a divorce," the source said at the time. "Both of them, their first thought is their children." The couple have been married for 19 years and share three kids together: sons Jack, 16, and Thijs, 11, and daughter Romy, 14.