$11.25 Million Transaction Leads Recent Sagaponack Sales - 27 East

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$11.25 Million Transaction Leads Recent Sagaponack Sales

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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.

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