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Hamptons Roundup

By Grace Cassidy - September 27, 2019

Gin Lane Compound in Southampton Returns To The Market For $94M

The incredible oceanfront Southampton compound at 366 and 367 Gin Lane has returned to the market for $94 million. In 2016, the property was listed for a whopping $145 million, and at the time was the most expensive property available for sale in the Hamptons. The iconic two home estate, with links to architect Stanford White, spans nearly four acres on two single and separate lots. The compound has 22,000 square feet, 21 bedrooms, and 18 full bathrooms between the two shingled homes that were originally built back in 1900. Features include over 405 feet of bulkheaded beachfront, two gunite pools, and a sunken all-weather tennis court. Sotheby’s International Realty broker Harald Grant is representing the listing. [Sotheby’s International Realty]

East Hampton’s Iconic Arc House Sells For Just Over $2M

The Arc House in East Hampton — which had made headlines after it was seized by the government when former owner Joseph Meli pled guilty to fraud back in 2017 — has sold for $2,175,000, according to the New York Post. Meli and his wife had purchased the home for about $3 million two years before he pled guilty. The buyer is Louis Levy, EVP at the Levy Group, which is an apparel manufacturer based in New York City. Located north of the highway at 50 Green Hollow Road, the property spans three acres and hosts the 6,400-square-foot home, which offers four bedrooms and four bathrooms, black walnut floors, a gym, and a pool. Bonny Aarons and Janette Goodstein at Douglas Elliman brought Levy to the sale. [New York Post, Realtor.com]

Artist’s Montauk Retreat Sells For $1.5M

Artist and photographer Raphael Mazzucco put his Montauk home at 53 Kettle Hole Road up on the market back in October of 2017 for $4.35 million. But since then, the price has gone down several times, most recently asking $1,599,000. According to the Out East price history, the home went into contract in September and has sold and closed for $1.5 million — nearly $3 million less than what it had been originally asking two years ago. Features of the 3,500-square-foot home include three bedrooms, three bathrooms, a go urmet kitchen, a sauna with infrared technology, and a heated pool outside. The property is just shy of a full acre, and while the home can’t be expanded outwards, another floor could be added, which would allow for second-story views of Fort Pond Bay. Dylan Eckardt from Nest Seekers represented the listing. [Out East, Nest Seekers]

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