$11.25 Million Transaction Leads Recent Sagaponack Sales - 27 East

Real Estate News

Real Estate News / 1392361

$11.25 Million Transaction Leads Recent Sagaponack Sales

icon 1 Photo
24 Fairfield Pond Lane, Sagaponack COURTESY COMPASS

24 Fairfield Pond Lane, Sagaponack COURTESY COMPASS 120711-7039, Soth.SoH., Zimmerman, 24 Fairfield Pond Lane, Sagaponack, NY, SCTM908-006-2-16, N40.9247, W-72.2751

author on Mar 7, 2019

Another eight-figure transaction is reported in Sagaponack, which continues to defy the normally slow winter sales season.

This one is 24 Fairfield Pond Lane, and the price paid was $11.25 million, according to the Long Island Real Estate Report. Remarkable about this deal is that the 4.34-acre property is vacant. “Bates Masi Architects has designed a one-of-a-kind home with complete plans in place for a 12,000-square-foot estate,” we’re informed. The proposed residence will include seven bedrooms, eight baths, a three-car garage, a fully finished lower level, a guesthouse, an in-ground pool, a pool house, and a tennis court. The buyer is Elle Mara Sagaponack Holdings LLC. While there is someone called Elle Mara—she is a Texas-born artist now living in Florida who specializes in digital and painted portraits—there is nothing to indicate that she has anything to do with this particular limited liability company.

Just missing the eight-figure stratosphere is 840 Sagaponack Main Street, purchased by an LLC for $9.68 million. The 9,200-square-foot manse on 3.3 acres has eight bedrooms, eight full baths, and two half-baths. Also included: a formal dining room, a chef’s kitchen with its own living room, first and second-floor great rooms, a finished lower level with a bedroom, a playroom, and a fully equipped gym. The outdoor living space allows entertaining poolside with an outdoor kitchen, a custom-built fire pit with seating, an outdoor shower, a pool house with fireplace, a flat-screen TV, a shower, and a bathroom. The grounds boast a raspberry and blueberry orchard that would make Smucker’s envious.

Also changing hands in the tiny village is 34 Herb Court, purchased by an LLC for $5.7 million. The property is at the end of a cul-de-sac overlooking a 16-acre farm field reserve. The shingled traditional home on a just-shy acre offers 8,000 square feet of living space with six bedrooms and 7.5 baths. The double-height foyer leads to a living room with coffered ceiling, fireplace, and French doors to the grounds, formal dining area, and an eat-in chef’s kitchen with coffered ceiling, marble countertops, high-end stainless steel appliances including an eight-burner range with subway tile backsplash, paneled refrigerator, wall oven, two dishwashers, breakfast area, and adjacent great room with fireplace and French doors to a pergola-covered patio for alfresco dining. Upstairs is the master suite with fireplace, two walk-in closets, a bath with spa tub, frameless glass-enclosed shower with rain head and body spray, dual sinks, and a water closet. Two additional en-suite bedrooms and a second master suite are also upstairs, along with a bonus area offering a variety of uses. The finished lower level includes a theater, gym, full wet bar with granite countertops, a living room, recreation room, bedroom, two full baths, and a laundry room. Both front and rear staircases access all three levels of the home. Outdoors are the landscaped grounds, a heated pool, two community tennis courts, and proximity to the ocean.

You May Also Like:

New State Law Protects Homeowners From Squatters

Legislation aimed at weakening so-called squatters’ rights was enacted as part of the New York State budget in April and became effective immediately. The legislation identifies the term “squatter” as one who enters onto a property or building without title, right, or permission, and therefore is not subject to the same rights and protections of lawful tenants, occupants or owners. This also makes it clear that squatters do not get any rights or protections after 30 days of occupancy. It has been designed to make it easier in some cases for police to intervene when someone enters a home without ... 23 May 2024 by Joseph Finora

Hamptons Real Estate Roundtable: Memorial Day 2024 Edition

On the eve of Memorial Day weekend, Hamptons real estate professionals weigh in on the ... by Moderated by Brendan J. O'Reilly

Land-Use Professionals Discuss South Fork’s Greatest Land-Use Challenges

More restrictive zoning codes, a desire to build out to the maximum, and more land-use ... 22 May 2024 by Brendan J. O’Reilly

Noble Black & Partners Expands to the Hamptons

Douglas Elliman has announced that Noble Black & Partners, the firm’s No. 1 large team ... 21 May 2024 by Staff Writer

The Agency Opens East Hampton Office

Managing partner Tyler Whitman, East Hampton co-managing directors Randi Ball and Rylan Jacka, and managing ... 15 May 2024 by Staff Writer

Drew Barrymore Lists Sagaponack Home in Renovated Barn

Actress, film producer and talk show host Drew Barrymore has listed her Sagaponack residence, a ... 13 May 2024 by Staff Writer

Nearly 30-Acre Estate by Atterbury and Olmsted Offered at $30 Million

A 28.4-acre compound in Shinnecock Hills by architect and urban planner Grosvenor Atterbury with grounds ... by Staff Writer

Hamptons Homeowners Forum Will Tackle Land Use and Construction

The Hamptons Homeowners Forum, hosted by Douglas Elliman associate broker Patrick Mclaughlin, returns to LTV Studios in Wainscott on Wednesday, May 15, and this time, the topic is “Navigating Land Use and Construction.” The discussion will cover a range of topics including land clearing, legal expansion, wetland easements, border disputes and understanding zoning. The panel will include land use attorney and Sag Harbor Village Associate Justice Carl Benincasa, Saskas Surveying Company President David Saskas, Telemark Inc. Vice President and East Hampton Town Zoning Board of Appeals Chair Roy Dalene and En-Consultants land management specialist Susanna F. Herrmann. The event begins ... 7 May 2024 by Staff Writer

U.S. General Services Administration Auctions Fishers Island Waterfront House

The U.S. General Services Administration is auctioning former Coast Guard housing on Fishers Island. The ... 6 May 2024 by Staff Writer

Agency News: Dominic Couzens Joins Eklund | Gomes Team

The Eklund | Gomes Team at Douglas Elliman is growing its Hamptons division with the ... 1 May 2024 by Staff Writer