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Hamptons Life

Aug 15, 2019 12:49 PMPublication: The East Hampton Press & The Southampton Press

The Top 10 Hamptons Home Sales During The First Half Of 2019

6 Olde Towne Lane, Southampton. KIM SARGENT
Aug 15, 2019 3:24 PM

Though 2019 got off to a slow start, there was a number of eight-figure sales that bolstered the stats. The list, courtesy of The Real Estate Report Inc., has a $15 million entry point, a $7.9 million gap between the No. 2 and No. 1 entries, and has three ties, making this top 10, technically, a top 11.

1. 263 Surfside Drive, Bridgehampton

One anonymous LLC sold this property to another for $39.25 million in June, giving 263 Surfside Drive the title of biggest sale of the first half of the year in the Hamptons by far.

This 7,354-square-foot oceanfront home on 1.42 acres is by Barnes Coy Architects. It has seven bedrooms, eight full bathrooms and two powder rooms. The floors are made of walnut and limestone and the industrial-style ceilings coupled with floor-to-ceiling windows let the natural light flood in. It has both geothermal heating and central AC plus radiant heat under all flooring. Smart home technology includes a Lutron Homeworks dynamic lighting system.

Outdoor living spaces include a roof deck with a pizza oven, a bar and two television areas. The gunite infinity edge pool and spa are heated.

The property last changed hands in 2015, when it was sold for $27.5 million. It was put back on the market last year for $42.5 million after undergoing a multimillion-dollar renovation and expansion by Ben Krupinski Builder.

Eileen O’Neill of Douglas Elliman and Ryan Serhant of Nest Seekers brokered the sale off-market.

2. 96 Meadow Lane, Southampton Village

Sold by Seacret LLC in May to Casa Meadow LLC for $31.35 million, 96 Meadow Lane is a seven-bedroom, 10-bathroom traditional on 2.28 oceanfront acres.

The streetside overlooks Coopers Neck Pond while the opposite side fronts the Atlantic Ocean. There are radiant-heat floors in all bedrooms, include the ocean-facing master with covered patio. An elevator serves each floor, and each also has its own laundry. A home theater seats 10 and among the other amenities are a glass wine room, a gym with sauna, a 54-inch gas barbecue, and an oceanside infinity pool.

The land was sold as vacant for $10 million in 2005 to a developer. The residence was built on spec in 2006 and faced some community opposition at the time over its size. The property last changed hands in 2011 for $21.6 million.

The asking price had been $32.5 million. Tim Davis of Corcoran represented the seller.

3. 6 Olde Towne Lane, Southampton Village

Oceanview RE Holdings LLC purchased 6 Olde Towne Lane in March for $27 million, the highest final sales price ever for a nonwaterfront Southampton property under 4 acres.

Known as “Summer House,” the residential compound by Kean Development Company has 23,000 square feet of indoor living space with nine bedrooms and 13.5 bathrooms.

On 3.84 acres, the main house comprises approximately 16,000 square feet with nine en-suite bedrooms of which two are true master suites, 10 full and three half-baths; and a second-floor master suite with bath, three full staircases, an elevator, six fireplaces, both professional chef and traditional kitchens, a great room, a breakfast room, a den, a library, and a loggia with retractable automatic screens. Additional square footage is in the lower level that features a theater, gym, basketball court, spa area with juice bar, full bath, sauna, and steam and massage rooms as well as an entertainment lounge with full bar. The staff quarters/guest suite features a full kitchen, sitting room, two bedrooms each with baths en-suite, and an outdoor terrace with dining areas. The third floor includes storage and a formal staircase up to a rooftop putting green with views over the village. The pool house has a lounge, a kitchenette, two full baths, and a changing room. The grounds offer automated security gates that open to reveal a manicured landscape bordered by a privet hedge. A swimming pool with sun-shelves for chaise lounges and a spa sit directly off the pool house terrace. A sunken, walled with seating gas fire pit and sunken tennis court complete with decorative lattice fencing and a pergola-covered viewing area augment the exterior amenities.

The property was last asking $34.95 million. Tim Davis and Gary DePersia represented Kean Development Company for Corcoran. Mr. DePersia brought the buyer.

4. 236 Quimby Lane, Bridgehampton

Sold in May for $26 million, 236 Quimby Lane was the home of Sono Osato, the Japanese-American ballerina and actress who died in December, and real estate developer Victor Elmaleh, who died in 2014.

On 4 acres fronting Sagg Pond, the 7,200-square-foot Nantucket-style traditional has five bedrooms, six full bathrooms and two partial baths. Among the amenities are a pool, a tennis court and grand salon-style entertaining rooms.

The buyer was an anonymous LLC. Ms. Osato originally listed the home in March 2018 for $37 million, and the ask was most recently pegged at $34 million. Deborah Srb had the listing for Sotheby’s.

5. 901 Scuttle Hole Road, Water Mill

Cheryl & Edward Gordon sold this property in June for $21 million; however, it was part of a larger transaction that would have fallen at No. 2 in the Top 10 had the package been recorded as one sale.

This address is part of the 58.65-acre estate known as Three Ponds Farm, which had been listed as a package deal for $49 million with Bespoke Real Estate. Three Ponds Farm is an eight-structure compound with an 18-hole golf course, a 25,000-square-foot Italianate residence, an orangerie, a pro-shop and the course’s halfway house. The New York Post reported that the buyer was Arbor Realty Trust CEO and President Ivan Kaufman and the final sales price was $35 million.

Three Ponds Farm was listed in 2004 for $75 million and went through a number of price cuts as no takers stepped up. The brokerage representing the property changed a few times over the years.

The compound is located in Water Mill or Bridgehampton, depending on who you talk to. Prior to 1993, the land was part of the Carwytham Farm, which was split up and sold off.

6. 37 Lee Avenue, East Hampton Village

The biggest sale of the first half of 2019 in the Town of East Hampton happened in January for $19 million. Sutton Square Management CEO Kenneth D Brody sold 37 Lee Avenue to Lee-M Trust. Details are scarce, as there is no available evidence that the property was ever on the market.

6. 354 South Main Street, Southampton Village

Sold in June for $19 million by 354 South Main LLC to Our Country House LLC, this 19th century Queen Anne-style summer residence is known as Wyndecote.

This was the home of its designer, architect Robert Henderson Robertson, who also designed the original Rogers Memorial Library built in 1895 on Jobs Lane and remodeled Dune Church, both in Southampton Village. Investor Enrique Foster Gittes purchased the 1.5-acre estate in 1997 for $2.85 million and sold it in 2012 for $9.95 million.

Southampton architect John David Rose restored Wyndecote about five years ago and, for his efforts, won the AIA Peconic design award for outstanding achievement in historic preservation. Wainscoting, paneling, moldings, millwork, staircase banisters, lead-paned windows, coffered ceilings, floor grates, pocket doors, cabinetry, mantle pieces and more details were refurbished.

The 7,550-square-foot residence comprises 10 bedrooms, 11 full bathrooms and one partial bath. It also has seven fireplaces and the lower level has a wine cellar, a gym, and a home theater. The pool house has sliding barn doors that open to the heated gunite 55-by-40-foot pool.

Harald Grant of Sotheby’s represented the seller. The last asking price was $22.5 million.

8. 320 Old Montauk Highway, Montauk

Sold and closed in March for $16 million, this was the home of the late Tony- and Pulitzer-winning playwright Edward Albee, who died in Montauk in 2016. The Wall Street Journal reported in December that the buyer was Ralph Lauren, who owns property on either side of the Albee estate. The sale will benefit the Edward Albee Foundation, which supports writers and artists through its residency program.

The 2.8-acre oceanfront estate has three structures: a main house, a guest cottage and a pool house, plus a swimming pool and tennis court.

The property was listed for $20 million and represented by Douglas Elliman’s Paul Brennan.

8. 550 Parsonage Lane, Sagaponack Village

Sagaponack’s only entry in the Top 10 sold for $16 million in April and is on the lane that PropertyShark named the most expensive street in the Hamptons.

The 12,000-square-foot house at 550 Parsonage Lane sits on 10 acres. In addition to the eight bedrooms there are 15.5 baths. The property features mature landscaping, sweeping lawns, and lush flower gardens. Inside, the entry hall with its graceful stairway leads to the second floor and continues with coffered ceilings, custom cabinetry, and millwork at every turn, leaded glass window panes in transoms and custom kitchen cabinetry, and there are random-width wide-plank hardwood floors throughout. The grand foyer, with its own fireplace and sitting niche, opens to the right into the formal living room and sunroom, each with its own fireplace. To the left is a formal dining room, as well as an adjoining oversized butler’s kitchen and pantry. The chef’s kitchen boasts a La Cornue range, three Sub-Zero refrigerators, an eat-in dining area, a fireplace and a sitting area. Rounding out the first floor is a screened-in porch off the kitchen and a wood-paneled library/study. The master suite has privacy balconies, a fireplace, and a walk-in closet that includes a wet bar. On the lower level there is a billiard room with bar, two fireplaces, a theater, a sitting room and a play area that offer convenient access to the outdoors as well as a substantial laundry room. Outside is a pool with spa, a tennis court, and a half basketball court.

The property had an ask of $25 million back in 2017. It also sold for $16 million back in 2018, so this separate transaction in 2019 is a bit of an eyebrow raiser.

10. 5 Tyson Lane, Amagansett

Here’s another property that was part of a larger package — a $35 million package, which would have placed the sale at No. 2.

Barbara and Roy Zuckerberg sold three properties on Tyson Lane and one on Further Lane in April. This property at 5 Tyson Lane sold for $15 million while a second developed Tyson Lane property sold for $8.75 million. The third Tyson Lane property and the Further Lane property are vacant; they sold for $8.75 million and $2.5 million, respectively.

The New York Post reported that billionaire Howard Marks, the co-chairman of Oaktree Capital Management, a global alternative investment management firm, was the buyer.

Mr. Zuckerberg was the longest serving partner at Goldman Sachs when he retired as vice chairman in 1998, according to a New York Times report at the time, which also credited him with being instrumental in founding Goldman’s private bank in Zurich. Ms. Zuckerberg has served as president of the National Foundation for Facial Reconstruction, now known as myFace, and is a currently a trustee.

10. 1 Fahys Road, North Haven

Supermodel and actress Christie Brinkley sold one of her two Hamptons homes in May, the other being Tower Hill in Bridgehampton. This one sold for $15 million. Ms. Brinkley bought it back in 2004 for $7.15 million.

Originally built in 1843, the 5,500-square-foot residence fronting Sag Harbor Bay sits on 4.44 acres and has 327 feet of sandy beach overlooking the harbor and, in-season, the yachts and sailboats that visit Sag Harbor. It is three stories with period details such as columns on two facades, wide-plank pine floors, an oak banister and multiple fireplaces.

On the first floor, the kitchen has soapstone and marble counters. The living room is described as “immense,” and there is also a sitting room, a formal dining room and a great room — the latter of which has another dining and sitting room. Rounding out the first floor are a powder room, mud room, pantry and full bath. Four bedrooms — three with en-suite baths — are on the second floor, including the master suite with a sitting room and a secluded terrace with harbor views. The fifth bedroom, a study and storage are on the third floor.

The grounds have specimen trees, gardens and a gunite pool.

Enzo Morabito of Douglas Elliman made the sale. The latest asking price had been $18 million.

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