An East Hampton Village mansion has sold for $35.75 million, nearly half off the original asking price from back in 2017.
According to PropertyShark, the oceanfront property at 27 Drew Lane last changed hands in 2005, for $19.2 million.
CookFox Architects, a Manhattan-based studio, was tasked with designing a new mansion on the 1.5-acre lot. The result is a 13,600-square-foot residence with a shingle-style main house, a concrete caretaker’s cottage, a glass and steel yoga pavilion, and a linear lap pool.
“Pieces from the clients’ art collection complete the integration of art, architecture, and the natural dune landscape,” states the CookFox description of the project. “Where the conceptual axis of the main house meets the perpendicular axis of the pool and yoga pavilion, an early 20th century bronze sits in repose above a tranquil reflecting pool.”
According to the architecture studio, though the three buildings are in different styles, “Cedar detailing ties these elements together with varied forms and patterns.”
“On the main house, cedar shingles give way to board-and-batten siding, which is carried over to the yoga pavilion’s shade panels and vertical fins,” CookFox states. “In contrast to this traditional material vocabulary, the ocean-front facade includes colorful panels of stained wood, intended to weather into a natural work of art. On this exposure, custom-fabricated folding shutters provide shade canopies in summer, and also fold down to protect the house from Atlantic hurricanes. The cedar-clad shutters are operated with sail rigging and hardware, a practical reference to the art of harnessing the wind.”
The yoga pavilion is inspired by floating beach lanterns and dune fences.
The landscape design was created in a collaboration between landscape artist Paula Hayes and landscape designer Ed Hollander, and the interiors were by Orlando Diaz.
The property hit the market in late 2017, asking $70 million. The price was cut by $5 million a few months later, according to Curbed Hamptons at the time. There is no evidence online of the property being on the market since 2018, indicating this may have been an off-market sale.
The owner of the property is listed under a limited liability company, Janari LLC. According to The Real Estate Report Inc., the buyer is Drew Lane Properties LLC. The sale closed on March 27.
Staff Writer on May 11, 2020