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Hamptons Life

Mar 21, 2019 1:48 PMPublication: The East Hampton Press & The Southampton Press

New Construction On Meadow Lane Asks $53.9 Million

1400 Meadow Lane, Southampton Village COURTESY SAUNDERS
Mar 25, 2019 9:59 AM

How much for a nine-bedroom, 13-bath newly constructed 10,927-square-foot ultramodern residence with pool and tennis on the oceanside of Southampton Village’s coveted Meadow Lane?

In this case, the answer is $53.9 million. To put that in perspective: The most expensive home sale on the South Fork in 2018 was $40 million, with the crown going to 290 Further Lane in East Hampton.

While $53.9 million is just the asking price—and how much the estate will ultimately sell for remains to be seen—the amount that someone paid to rent it for this coming summer is a truly eyebrow-raising feat: $1.5 million.

The 2.96-acre estate at 1400 Meadow Lane, on the east side of village beach access road and parking area Road D, was just completed. The house that formerly stood there was demolished after Fredric Snyder, a pediatrician, and his wife, Judge Leslie Crocker Snyder, sold the property to 1400 Meadow Lane LLC for $14 million at the tail end of 2016.

The street-side Har-tru tennis court stayed in place. The old pool was between the tennis court and the house, while the new pool is oceanside, as has been the trend for new construction.

The new estate is the result of a collaboration between Reinaldo Borges, an internationally renowned architect headquartered in Miami, and McDonough & Conroy Architects, based in Bridgehampton. Paolino Development, a luxury builder based in Miami Beach but with many Hamptons projects to its name, was responsible for the construction.

According to Saunders & Associates, which is representing the seller, 1400 Meadow Lane “has already generated significant interest among a select group of buyers and renters who aspire to live in a rarified Hamptons property.”

The home has floor-to-ceiling walls of glass, 4-foot-by-4-foot Thassos marble flooring throughout, a great room with a three-sided fireplace, a dining room and a morning room—all with ocean views—a chef’s kitchen, a prep kitchen and a pantry, as well as a glass wine cellar and display, a state-of-the-art theater and a VIP suite.

On the first floor, the grand master suite, including a sitting room, has his and hers baths and walk-in closets. A 2,872-square-foot marble patio with a chef’s kitchen looks out to the 50-foot marble infinity edge saltwater pool and spa, and the Atlantic.

A custom glass elevator accesses all three levels. Or, take the chrome and glass stairs.

There are balconies and a rooftop deck to catch views of the ocean, bay, sunrise and sunset.

In addition to the 6.5-car garage, there is space for 10 more cars.

The original asking price was $49 million, but that was before the estate was completed. It is exclusively listed with Vincent Horcasitas.

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It's a beautiful home. Truly stunning. The only issue is that it borders the parking lot for the only "free" beach on Meadow Lane. The lot is always full with people constantly walking to and from the beach. Hardly a problem for most, but if you're shelling out $50M + for a house, you deserve a little bit of distance between your castle and the unwashed masses.
By BillWillConn3 (177), Southampton on Mar 21, 19 8:20 PM
Yeah, and if you grew up here, as did your father and grandfather, with 100+ years of unrestricted access to the beach, you deserve to have continued unobstructed access. New residents should not be able to squeeze you out.

The "One Man, One Vote" concept may not be appropriate to local elections. Each person's vote should be weighted by the number of years of residence (or property ownership) within that locality. This would (appropriately) limit an influx of new property owners with ...more
By Funbeer (261), Southampton on Mar 21, 19 9:55 PM
It's not a home.

1. the place where one lives permanently, especially as a member of a family or household.
By Mr. Z (11364), North Sea on Mar 21, 19 8:49 PM
1 member liked this comment
Ah, you beat me to it....
By June Bug (2437), SOUTHAMPTON on Mar 21, 19 9:09 PM
You could get over 120 kids into USC with that kind of money
By SlimeAlive (1180), Southampton on Mar 22, 19 7:35 AM
One real hurricane and it will be a pile of rubble, just saying.
By bigfresh (4364), north sea on Mar 22, 19 7:37 AM
Fingers crossed!
By SlimeAlive (1180), Southampton on Mar 22, 19 7:40 AM
1 member liked this comment
What till summer when the local catering outfits have bbqs there
By Local247 (29), Southampton on Mar 22, 19 9:28 AM