Eight-Figure Winter Real Estate Transactions In The Hamptons - 27 East

Real Estate News

Real Estate News / 1404195

Eight-Figure Winter Real Estate Transactions In The Hamptons

icon 1 Photo
37 Wainscott Main Street

37 Wainscott Main Street

author27east on Jan 5, 2017

Winter doldrums for real estate? Not yet, apparently, as in the past week three double-digit deals in the Hamptons were reported and a fourth, on Whalers Lane in Amagansett, sold for a smidge under $10 million.

Of special interest is a 2-acre property on Wainscott Main Street, which sold for $11,100,000. (The buyer is listed as Dana Zucker, in case you want to say hello.)

One block from the ocean, the custom manor home was designed by the architect James Merrell. There are 5 bedrooms and 6.5 baths in its 6,750 square feet. Amenities include quarter-sewn white oak flooring, hemlock ceilings and cabinetry, walls of glass, a chef’s eat-in kitchen with top-notch appliances, living room with a gas fireplace (overall, there are four fireplaces), an indoor pool, and a gym on the second floor. Outside, there is a heated pool, detached two-car garage, and a deck and patio.

A buyer listed as 158 Quimby Lane Purchaser LLC apparently wants to start from scratch, beginning with the purchase of 4 acres of south-of-the-highway vacant land on that very same lane in Bridgehampton. The cost was $13 million. (You math whizzes have already figured out that is an eye-popping $3,250,000 per acre.) The property, which had been owned by a local family for generations, offers private access to Sagg Pond and, of course, is only a stroll away from the ocean.

The biggest deal reported in the past week was one for $14 million, but it has been reported previously in the pages of The Press. The buyer is the Town of Southampton, and the property listed as 248 Moses Lane is intended to become parkland in the Village of Southampton as opposed to a plan submitted three years ago by a private developer for a subdivision. The purchase money came from the Community Preservation Fund.

You May Also Like:

Water Mill Property Where Hal Buckner and Dorothy Lichtenstein Left Their Marks Is for Sale

A Water Mill property that hosts a former dairy barn turned artist’s studio and a ... 30 Jun 2025 by Brendan J. O’Reilly

Sundays on the Bay Hits the Market

Sundays on the Bay restaurant and marina on Dune Road in Hampton Bays has hit ... 29 Jun 2025 by Staff Writer

Hamptons Rental Market Remains Alive and Well

To paraphrase Mark Twain, reports of the demise of the Hamptons summer-rental market are greatly exaggerated. “Any hint that the Hamptons rental market is anything but robust is completely wrong,” said Corcoran associate broker Gary DePersia in East Hampton. An interesting dynamic is stirring in the Hamptons vacation-rental market. Although there has been an unprecedented rise in short-term rentals and the aftershocks of the COVID-19 pandemic linger, it has been a bumper crop year for Wall Street, interest rates have remained steady and a new breed of demanding customer is emerging. Despite it all, the Hamptons vacation-rental market remains as ... 19 Jun 2025 by Joseph Finora

Jon Vaccari Joins Noble Black & Partners at Douglas Elliman

Jon Vaccari, a longtime resident of Sag Harbor, has joined Noble Black & Partners at ... 18 Jun 2025 by Staff Writer

Appeals Court Sides With Landowner Over Southampton Village ZBA

Southampton Village has lost an appeal that sought to reinstate a Zoning Board of Appeals ... 12 Jun 2025 by Brendan J. O’Reilly

Last Parcel of Startop Ranch in Montauk Sells

The last plot of land at Startop Ranch in Montauk, 107 Startop Drive, has sold ... by Staff Writer

Hamptons Real Estate Roundtable, Memorial Day Weekend 2025 Edition

With Memorial Day weekend about to kick the Hamptons into high season, The Express News ... 22 May 2025 by Moderated by Brendan J. O’Reilly

Au-Delà Real Estate Vows To Go 'Beyond'

Au-Delà Real Estate, a new boutique real estate firm based in East Hampton, is now ... 20 May 2025 by Brendan J. O’Reilly

AI Helps Rental Seekers Find Homes That Match Their Aesthetic Preferences

Consumers increasingly have an expectation of superior, more personalized service based on their own particular ... by Steven Loeb

New Construction in Montauk Sells for a Nonwaterfront Record Price

A newly constructed modern home in Montauk just set a record for the highest price ... 9 May 2025 by Staff Writer