Posted at 17:03h
By Ruth Thomas
in Best Deals
AAA Investment on Gin Lane – $19,250,000
The Goods – A vacant lot of this magnitude on Gin Lane rarely hits the public market, and when it does, it creates a stir in the Hamptons’ real estate community. Formerly belonging to the Wooldon Manor Estate, with past owners such as the Woolworth family and Edmund Lynch from Merrill Lynch fame, the 2 acre property boasts ocean views to the south, sunset views over Lake Agawam to the west, and deeded ocean access. Flat and cleared, the lot is perfect for a 10,000+ sq.ft. Estate with pool, pool house, and tennis. Own a piece of history in Southampton Village’s Estate Section.
Why it’s a good deal – “It is extremely rare to find a piece of land that passes every Hamptons’ real estate test but this property does – Estate Section, South of the Highway, deeded ocean access, fully cleared, oversized, room for tennis, with ocean and pond views!” Listing agent Enzo Morabito of Douglas Elliman Real Estate says, “This is a phenomenal investment to sit in anyone’s portfolio.”