Hamptons Roundup

Shingled Gin Lane Mansion Slashes $10M From Asking Price

A shingled 11,000-square-foot mansion on Southampton’s esteemed Gin Lane came on the market for $59 million in August. After less than a month on the market, the home has cut $10 million from the ask (or about 17 per cent), leaving it with a $49 million price tag under Sotheby’s International Realty agents, Harald and Bruce Grant, according to Behind the Hedges. Sited on just shy of two full acres, the property at 366 Gin Lane is oceanfront with 130 feet of bulkheaded beach front, a tennis court, a gunite pool, and a gated entry. Interior features include nine bedrooms, seven full baths, two half-baths, wood floors, French doors, coffered ceilings, a covered deck, and a finished lower level with a bar, a gym, a steam room, a sauna, a massage room, and a home theater. Homeowners will be about a mile and a half from village shops and restaurants. [Behind the Hedges, Sotheby’s]

Geometric Sag Harbor Home With A Pool And Tennis Court Seeks $1.4M

Originally designed in 1986 by David Marcoff, this Noyack home on Deerfield Road offers an interesting geometry in its contemporary architecture. Spanning 2,600 square feet, the house includes four bedrooms and three bathrooms, an open floor plan, and what the listing describes as a “triangle kitchen” with sliding glass doors that lead outside. There’s also a double-height living room, a fireplace, and a second floor master suite with a private balcony. The 1.57-acre property offers a heated pool, a Har-Tru tennis court, a 650-square-foot deck with an outdoor kitchen, and an outdoor shower. According to the Zillow price history, it last sold in 2003 for $830,000 and has been available to rent. It’s now asking $1,399,000 under Brown Harris Stevens agent Clare Tenkarian. [Brown Harris Stevens]

Brand New Sagaponack Estate On Hedges Lane Sells For $14.75M

Located at 324 Hedges Lane in Sagaponack, a new build has just sold for $14.75 million after two years on the market. Back in July of 2017, the 9,000-square-foot home built by Michael Davis went on the market for $18.95 million before it saw its first $1 million price cut a year later. In March of 2019, the price went down again to $16.95 million, which is what it was last asking when the contract was signed in August of this year. Sited on 1.5 acres of south-of-the-highway land, the property includes a covered porch with an outdoor TV and fireplace, a heated saltwater gunite pool and spa, a pool house, and an all-weather tennis court. The property also overlooks 43 acres of protected agricultural reserve. Terry Cohen from Saunders represented the sellers in the transaction. [Saunders, Out East]