1 Photo
113 Mid Ocean Drive, Bridgehampton, sold for $20 million.
A 2.2-acre oceanfront Bridgehampton property with a pool, a basketball court and a 1,673-square-foot residence recent sold for precisely $20 million in one of the biggest real estate transactions in the region thus far in 2020.
At 113 Mid Ocean Drive, the shingled home has multiple levels of decking that provide for ample outdoor living space. The residence has just five bedrooms and three bathrooms, but the listing notes that the land offers the opportunity to “build your own oceanfront dream house.”
The deal closed on June 19, and the seller was the estate of Reuben Gutoff, according to The Real Estate Report Inc. The buyer was the Kapri Realty Trust.
Reuben Gutoff, who died on April 6 at age 93 from complications due to COVID-19, was a senior vice president of strategic planning for General Electric before founding an independent management consulting firm, Strategy Associates, according to an obituary from Chabad.org.
Mr. Cutoff had the house built in 1983 and in 1995 added decks, according to town property records. The house also has a den, library, loft and office.
The listing agent for 113 Mid Ocean Drive was Susan Breitenbach of Corcoran.
The property sold for just above its asking price: It was last listed for $19.95 million.
Staff Writer on Jul 20, 2020