Rip up the record books!
A sprawling, two-parcel oceanfront estate in East Hampton, New York quietly closed on January 11 for a stunning $91.5 million. To boot, the sky-high sale comes just three years after it sold to real estate developer Peter Fine for a comparatively paltry $45 million!
Counting the two parcels together as one sale, that’s the highest price in the Hamptons since 2014, when hedgie Barry Rosenstein paid a sweat-inducing $137 million for 18 acres of East Hampton oceanfront property.
The 6.7-acre spread, which was not publicly on the market at the time of the sale, was built in 1989 for former Union Pacific president and chairman James Evans. There’s a main house with a 50-foot pool, as well as a separate guest house with its own pool. There’s no tennis court, but with 6.7 acres there’s plenty of room for one along with a pickle ball court, a sand volleyball court and a whatever else kind of sporting court someone might want to add.
Designed by local Hamptons firm ZOH Architects, the main home totals 5,500 square feet with five bedrooms and six bathrooms. The 1,500 square foot guesthouse, built in the 1950s, offers an additional three bedrooms.
Just as there ought to be, there are extensive patios and balconies, as well as a very nice pergola, to take in the ocean view. Equally coveted by those who can afford one and those who cannot, a private path winds over the dunes to the beach.
If all that still feels a bit too squeezed for a 21st-century Master of the Universe, marketing materials from when the house was for sale three years ago pointed out that zoning would allow for a 12,477-square-foot oceanfront residence, plus full a finished lower level, along with a 6,040 square foot cottage, also with a finished lower level, on the inland parcel.
The as-yet unidentified buyer is shielded behind a couple of anonymous companies; Newco Windmill LLC paid $77.775 million for the 5.4 acre parcel with the main house, while Newco Windmill 2 LLC paid $13.725 million for 1.3 acre inland parcel with the guest house.
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Image Credit: Google -
Image Credit: Google