Hot Sales & Listings…
With a Dollop of Gossip
It’s the end of the year, so we all know what that means. Time to tally up the biggest sales. After doing a lot of digging, here’s what we’ve found for the highest recorded and reported transactions that closed in 2019.
6 Olde Towne in Southampton
On the market for $34.95 million prior to sale, the 4-plus-acre property sold for $27 million in March. A co-exclusive between Harald Grant of Sotheby’s, and Tim Davis and Gary DePersia of Corcoran, the 16,000-square-foot “Summer House” by John Kean is transitional in style and comes with rooftop putting green and lower level basketball court, among other amenities, plus a pool, pool house, sunken tennis court with pergola, and stunning landscaping, all located in Kean’s Olde Towne development. DePersia is reported to have brought the buyer.
263 Surfside Drive in Bridgehampton
An off-market deal that closed for $39.25 million in June, the oceanfront property belonged to natural gas billionaire Michael S. Smith and his wife, Iris and the deal was brokered by Ryan Serhant and James Giugliano of Nest Seekers and Eileen O’Neill of Douglas Elliman Real Estate, with Serhant and Giugliano representing the sellers and O’Neill bringing the buyers.
Included in the deal was a 7,360-square-foot modern designed by Barnes Coy Architects, sited on 1.42 acres and featuring generous outdoor living and entertaining spaces featuring an infinity-edge Gunite pool with spa and pool house; a roof deck with outdoor kitchen, pizza oven, bar and a pair of outdoor televisions; private path to the sandy beach; and, of course, panoramic views of Sagg Pond and the Atlantic Ocean .
950 Meadow Lane in Southampton
Located on famed “Billionaire Lane,” the property, owned by Mary Helen Jordan, went for approximately $35 million in another off-market deal. Brokered by James Giugliano of Nest Seekers and Eileen O’Neill of Douglas Elliman, the transaction closed in October. Included in the sale: 3.2 acres on the ocean, a circa-1997 2,799-square-foot “teardown” home, tennis court and 800-square-foot pool.
96 Meadow Lane in Southampton
Selling for $31.35 million in May, this 2.28-acre oceanfront property was represented by Tim Davis of The Corcoran Group and was last listed for $32.5 million. Included in sale, transacted between Seacret LLC and Casa Meadow LLC, was a three-story, 10,000-plus-square-foot home by Barnes Coy, an ocean-side infinity pool, and views of the Atlantic and of Coopers Neck Pond.
980 Meadow Lane in Southampton
Sold in early December and represented by Tim Davis of Corcoran, the 4.12-acre vacant land property includes plans for a 12,000-square-foot modern home with room for pool and tennis. Last listed price prior to close was $32 million.
939 Scuttle Hole Road in Bridgehampton
Sold for a total of $35 million in June, and listed with Zachary Vichinsky of Bespoke Real Estate. Three Ponds Farm, one of the most pristine properties ever seen on the market in the Hamptons, is reported to have been purchased by Arbor Realty Trust CEO and President Ivan Kaufman. The last listing price prior to sale was $49 million.
The nearly 60-acre property, featuring an astounding USGA-rated 70-par, 18-hole private golf course designed by Rees Jones, with pro shop and halfway house; numerous ponds and water features; and oversized pool, with pool pavilion; grass tennis court; immaculate grounds and gardens by landscape designer Edmund Hollander; a 25,000-square-foot main Italianate-style residence designed by architect Allan Greeenberg; caretaker’s cottage; etc. Contents of the estate were sold at auction with the Potomack Company in Alexandria, Virginia.
236 Quimby Lane in Bridgehampton
Just under 4 acres and with 300 feet of frontage on Sagaponack Pond, this property, which had only had two owners since 1917, sold for $26 million in early December. Owned by renowned American ballerina Sono Osato, the waterfront estate was listed with Deborah Srb of Sotheby’s International Realty and comes with commanding 180-degree ocean views, its own sandy beach and Nantucket-style home with pool and tennis. The last list prior to sale was $34 million.
354 South Main Street in Southampton
Wyndecote, an award-winning Queen Ann-style residence last owned by former Soros investment officer Scott Bessent, sold for $19 million in June and was represented by Harald Grant and Bruce Grant of Sotheby’s. Renovated by architect John David Rose, who earned an AIA award for achievement in historic preservation, the beloved Summer Colony estate originally built in 1886 by noted owner-architect Robert Henderson Robertson, who also designed the original Rogers Memorial Library and dozens of churches and institutional buildings, and whose home hosted the Duke of Windsor and the King of Spain, among others.
7 West End Road in East Hampton
Reportedly sold for $22.05 million, this 3.55-acre parcel was listed with Bespoke for $24.5 million and includes 145 feet of sandy beachfront, with its own fortified dune with revetment, on the ocean. The building envelope allows for a home up to 10,000 square feet. And since it’s in a FEMA X zone, a lower level can be included.
128 Lily Pond Lane in East Hampton
Little is known about this reported off-market deal, though the transacting price has been said to be $20.6 million, with a closing in August. The 5.3-acre property includes a 7,000-square-foot circa-1914 house by Philadelphia-based architects Lewis Colt Albro and Harry T. Lindeberg, plus guest house and pool.
Also sold: $15 million to just under $20 million:
26 West End Road in East Hampton, sold for $17 million in September. Represented by Bespoke. Not listed prior to sale.
37 Lee Avenue in East Hampton, off-market sale for $19 million in January. Previously owned by Sutton Square Management CEO Kenneth Brody.
230 & 234 Old Montauk Highway in Montauk, sold for $18.144 million in February. Represented by Gary DePersia of Corcoran. Last list prior to close was $21 million.
1 Fahys Road in Sag Harbor, sold for $17.999 million in May. Represented by Enzo Morabito of Douglas Elliman. Sold for last list price.
550 Parsonage Lane in Sagaponack, sold for $16 million in April. Represented by Debbie Brenneman, Charlie Esposito and Debbie Loeffler of Corcoran. Last list prior to sale was $17.4 million.
642 Old Montauk Highway in Montauk, sold for $15.6 million in November. Represented by Michael Schultz and Susan Ryan of Corcoran. Last list prior to sale was $17.9 million.
374 Pauls Lane in Bridgehampton, sold for $15 million in October. Represented by Vincent Horcasitas of Saunders & Associates. Last list prior to close was $16.85 million.
209 Hedges Lane in Sagaponack, sold for $15 million in October. Represented by Susan Breitenbach and Cutter Koster of Corcoran. Last list prior to close was $16.495 million.
Compass welcomes well-known Hamptons chef Stephen Hartigan to its Sag Harbor office. Prior to joining the brokerage, he worked as a private chef and estate manager for the past 14 years and had previously been named Young Chef of the Year in his home country of Ireland before rising to top tier restaurants in Paris, London, and New York. Stephen joins his fiancée, Alyra Hoffman, in the business.
Laura Dalessandro, formerly of Kerrigan Country Realty in Westhampton Beach has joined Saunders & Associates. The Long Island native and associate broker has been in the business for more than 20 years, with additional experience as a real estate paralegal and as the Village Clerk of Westhampton Dunes. She is a member of the National Association of Realtors, the Long Island Board of Realtors and is a certified Resort Second Home Property Specialist.