Realty Check

Hot Sales and Listings…Along With The Latest Real Estate News In The Hamptons and Beyond

Another Labor Day? Hasn’t it been five minutes since the last one? We hope you enjoyed your summer. Here in the Hamptons, it was fairly cool and cloudy a lot of the time, which didn’t help our tomato crop much. On the other hand, that weather sure beats the scorchers much of the rest of the US (and Europe) endured.

Hamptons real estate, by the way, is having quite a moment. In the first quarter, the median price surpassed the $2 million threshold for the first time, a milestone that affirms even the most modest beach cabana has become a coveted asset of exceptional value.

$80 Million Stunner in Contract
Let’s be honest: nothing says, “we’re in late-stage capitalism, baby!” quite like dropping $79.5 million on a summer house. But that’s what someone just did on Lily Pond Lane. Or near enough: the sale hasn’t closed yet, so we don’t know the price. The Petrie Team at Compass represented the listing.

The 110-year-old shingled mansion sold in under 90 days. Thankfully, this wasn’t another teardown in the name of building something “sleek and sustainable” with 12 HVAC zones and zero charm. The mystery buyer plans to restore the historic pile rather than flatten it. Restoring is the new flex.

At a sprawling 8,400 square feet, “Dune House” is perched above the dunes like it’s supervising the Atlantic. The property, at nearly five acres, offers two separate lots—because why just buy a house when you can also buy the option to build an entirely new one next door? The main 2.85-acre spread at 105 Lily Pond Lane comes with an adjacent 1.8-acre vacant lot, perfect for when the guest wing starts to feel a little cramped.

Lily Pond Lane, for the uninitiated, is part of the Hamptons’ Monopoly board of prestige—alongside Meadow Lane, Gin Lane, and Further Lane—where “neighbors” have historically included Martha Stewart and Jon Bon Jovi (because nothing says “coastal elite” like artisanal pies and power ballads). 

$89 Million Ask in Sagaponack
Vitamin Shoppe founder Jeffrey Horowitz is trying to offload his oceanfront compound for a very healthy sounding $89 million. That’s down from a previously whispered $125 million, so technically a steal. Welcome to 21 and 407 Fairfield Pond Lane — two single and separate parcels on one of Sagaponack’s most vaunted lanes. The $89 million package deal gets you both properties: a two-acre slice with a 9,000-square-foot main house, waterside pool, and checks notes a nine-hole, European-style links golf course. The property is listed with Kieran Brew and Ryan Serhant at Serhant.

The $89 million package deal gets you both properties. Hate much golf? Don’t worry — you can tear it up and replace it with a tennis court, pickleball court, or, frankly, a small airport. For the commitment-phobic, you can also buy just the main house parcel for $75 million, or the golf course for $15 million, if you’re the kind of person who likes their lawn really manicured.

The compound is blissfully secluded, with only three neighbors — one of whom dropped $50 million in 2022 and is now busy tearing the place apart for renovations. The main house itself is a modern beach fortress with eight bedrooms, seven full baths, and three half-baths, because no one should have to walk more than 20 steps to find a toilet.

Best of all, though, it is a pre-existing pavilion with private stairs to one of the widest, softest stretches of Hamptons beach your money can buy. Bonus points: a grandfathered rock revetment to keep the waves at bay, plus a grandfathered boardwalk so you can stroll to the shore without getting sand in your sandals.

Quiet Luxury in Sag Harbor
If your tastes skew less Gatsby and more Architectural Digest, AD100 designer Neal Beckstedt has quietly listed his exquisitely curated Sag Harbor home for just under $5 million. The 1890s house is soaked in “quiet luxury,” with cedar shakes, acid-washed marble, and a bathtub that looks like it was hammered by Norse gods.

In the heart of Sag Harbor Village, you too can live like a design-world tastemaker. The house at 311 Division Street has been meticulously restored. Built in the 1890s, the place has been expanded and art-directed within an inch of its life.

“This is a rare chance to own a designer’s personal Hamptons retreat,” says listing agent Noble Black of Douglas Elliman. Noble is repping the listing alongside Averitt Buttry, also of Douglas Elliman.

Beckstedt calls the house his vision of “how to  live well: surrounded by soulful materials that feel warm, unique, and timeless.” Translation: every inch is Instagram-ready, and if you scratch the marble, your soul will hurt more than the countertop. FYI – for a closer look, check out this issue’s Designer Showcase on pages 72-75 featuring this one-of-a-kind home.

OG East Hampton
And rounding out this month’s picks is a little Main Street, East Hampton, gem clocking in at a more “humble” $4.75 million. Built in 1889 as a wedding gift (take notes, parents), this one comes with village-approved pool plans, original architectural details, and even a widow’s walk—because who doesn’t want to stare moodily at the sea and contemplate old money?

Step aside, new money. The house at 195 Main Street comes with more pedigree than a Westminster dog show. Built in 1889 by William Hedges for his son, William Huntting Hedges and his bride Julia Parsons Sherrill, this grand Main Street home is practically dripping in East Hampton lore.

If your ancestors didn’t help write East Hampton’s original zoning code, are you even really local? The Hedges settled in East Hampton in 1650, just two years after its founding. That’s right: while your great-great-grandfather was probably still trying to afford steerage to New York, the Hedges were already running the place.

Local historian Jeannette Edwards Rattray, who knew a thing or two about East Hampton’s social fabric (and wasn’t afraid to name-drop), wrote about the house and the family in both East Hampton History and Up and Down Main Street. 

Let’s just say if you’re looking for a home with character, legacy, and possibly a few ghosts who voted for the original zoning code, 195 Main Street delivers. Get on the horn to listing agents Dawn Neway, Diana Neway, Amelia Nash at Douglas Elliman; and Compass’ Laura Eisman and Heather Saskas. This isn’t just a house. It’s a history flex.

William Raveis Named Top Luxury Brokerage by Inman Golden I Club 2025
William Raveis, the number one family-owned independent real estate company in the Northeast, Florida, and South Carolina, has been named Top Luxury Brokerage by the prestigious Inman Golden I Club 2025, recognized by Inman News as the “highest honor in luxury real estate.”

This year’s national Finalists included Sotheby’s International Realty, The Agency, Corcoran Group, Brown Harris Stevens, and others. Winning top honors underscores William Raveis’ five decades of commitment to personalized service, world-class marketing, and visionary innovation in the luxury space.

“As a privately held company, we are not beholden to shareholders,” says Founder and CEO William Raveis. “We are not afraid to innovate and invest in building an exceptional Luxury Properties Division with the best marketing, most advanced technology tools, and finest agents in the world.”

With over 4,500 sales associates from Maine to Florida and a portfolio exceeding $1B, Raveis continues to represent the East Coast’s most desirable addresses—from Nantucket and Greenwich to Naples and Palm Beach—through its exclusive partnership with Luxury Portfolio International^®.

“Early on, we decided the franchises are not like us,” Raveis adds. “We’ve honed a world-class Luxury Properties Division, providing individually tailored marketing programs for Fortune 500 CEOs, politicians, authors, and notable figures from the worlds of sports, entertainment, and television.”

“We’ve built a global brand together with our extraordinary team of entrepreneurial agents,” Raveis says. The firm also earned a Finalist nod for ‘Most Innovative Marketing or Branding Campaign’ for its Elite Concierge Services—offering mortgage, insurance, and moving support all under one roof.

Ch Ch Changes
Dawn Watson of Serhant has joined forces with fellow agents Lisa Oehler and Catherine Smyth to form The Hamptons Home Team, a powerhouse collective redefining client service on the East End.

Watson, an Eastport resident and former magazine editor, ranks among the top 1% of licensed real estate professionals nationwide, according to RealTrends.com. In 2024, she was the Number One Agent in the Hamptons for her brokerage. A pre-Instagram influencer, she also created the popular site Hamptons Party Girl.

Oehler, of Remsenburg, is a successful serial entrepreneur, known for Hampton’s Consignment Shoppe and Bohemian Bay Bungalow. Smyth, based in Sag Harbor and Long Beach, is a marketing and advertising veteran with three decades of sales experience and a background in celebrity media.

Supported by assistants Vanessa Lee and Lillian Dempsey, the team operates with a spirit of collaboration and deep client commitment. “Cathy, Lisa and I share the belief that our roles as agents should be about the highest degree of fiduciary care and responsibility,” says Watson. “Real estate is often one of the most important and largest financial decisions you can make—it can also be extremely emotional. That’s why we are here for our people every day and every step of the way.”