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Hamptons Life

Mar 29, 2018 11:03 AMPublication: The East Hampton Press & The Southampton Press

Call To The Sea Leads To 8-Figure Buys

423 Parsonage Lane, Sagaponack COURTESY CORCORAN
Apr 1, 2018 12:43 PM

For many years, the appeal of the Atlantic Ocean has lured people to the sea, and that is also true in recent weeks for folks ready, willing, and able to consummate eight-figure deals. Buyers want to be on the water or at least a short stroll to it, with writing big checks making that happen.

One case in point is 134 Murray Lane, which sold for a bold $32 million. The single-family home is part of the McDonnell-Murray compound, which goes back to the 1800s in Southampton. The 7,136-square-foot residence has 4 bedrooms and 4 baths. For public consumption, the owner is listed as a limited liability company, but we’ve learned the man who purchased the property from Susan Smith is Leon Shaulov, a hedge fund manager and former trader at the Galleon Group. That troubled firm, which once managed $7 billion in assets, closed in 2009, so apparently life on Wall Street has improved significantly for Mr. Shaulov.

Mr. Shaulov has been on a buying spree, have plunked down $27 million for a Manhattan penthouse last year. His new Southampton manse is on 2 acres and also boasts 200 feet of private beach, a pool, and a tennis court.

Do you get the feeling that there was quite a bit of haggling over the sale price of 719 Ocean Road in Bridgehampton? The final tab was $22,711,119, doled out by another limited liability company. This 4.17-acre property has 375 feet of frontage on Sagg Pond and views of the pond, farm fields, and the ocean. We can assume there will be some renovating and expanding done, as the existing residence is only 2,203 square feet, with 2 bedrooms and 4 baths.

Also hitting the eight-figure sales mark is 423 Parsonage Lane in Sagaponack, with yet another LLC being the purchaser, for $10,625,000. On 1.8 acres is this 6,000-square-foot abode contains 8 bedrooms and 10 baths. Appealing exterior features include an in-ground pool, tennis court, and panoramic views of water and farmland. Inside are a grand foyer, great room, gourmet kitchen, formal dining room, and a media room.

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