The second-easternmost town in the Hamptons, Amagansett is a very hot market, with properties selling for sums unimaginable just a few years ago. Indeed, the going price for a teardown home on about an acre of oceanfront land is about $20 million.
And with residents like Andy Cohen, Sarah Jessica Parker, and Sir Paul McCartney, who can blame buyers with the wherewithal for splurging? Apparel CEO Mickey Drexler picked up an oceanfront house earlier this year for $9.5 million, and a hamlet record was set only a few months ago when a 2.6-acre oceanfront spread changed hands at $32 million.
Well, rip up the record books, folks, because an oceanfront architectural home that closed in an off-market deal for a stunning $42 million has raised the bar by a whopping 30 percent. The one-of-a-kind residence is actually located along the Napeague stretch, which connects Amagansett and Montauk, so technically it’s outside the hamlet proper, but nonetheless retains an Amagansett address.
Records show the property was acquired through an inscrutable anonymous LLC. The seller, however, is Singapore-based hedgie Adam Levinson, who purchased the 1.2 acres plot in 2005 for just $2 million. He subsequently spent many millions more building a striking custom home designed by the acclaimed New York-based firm Christoff Finio and built by Men at Work. While the house looks fairly unprepossessing from the exterior, interior photos show the handsome interior makes the most of its beachside setting.
The two long, linear architectural masses that comprise the ultra-modern home are joined by a glass bridge. Some of the home’s massive glass walls retract to expose the large living spaces to sea breezes. A large terrace overlooks the ocean, while a long lap pool cuts at an angle through the courtyard patio below the house.
All in all it adds up to a stunning home. And if one can afford it, worth every penny of its record-shattering $42 million sale price.
Perhaps tiring of all the 23-hour flights from Singapore to New York, the billionaire financier and his wife Brittany have been hoovering up property on the west coast over the last few years. About three years ago, they dropped $40 million for a vacant lot in Bel Air and quickly dropped another $20 million on a pedigreed residence across the street, a Richard Neutra-designed tour-de-force sold by fashion icon Tom Ford. Then, earlier this year, the lavish living Levinsons shoveled out a stonking $58.5 million for an enormous contemporary mansion in Bel Air. The couple also maintains residences in Singapore and Tokyo.