Cashing In: JPMorgan Head Buys Sagaponack Estate For $250,000 Below Asking - 27 East

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Cashing In: JPMorgan Head Buys Sagaponack Estate For $250,000 Below Asking

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1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

1085 Sagg Main Street, Sagaponack. COURTESY THE CORCORAN GROUP

authorStaff Writer on Feb 1, 2022

JPMorgan boss Paul Uren, who heads up Asia Pacific investment banking, is the new owner of a 5,000-square-foot abode in Sagaponack, snagging the property for $9.75 million — $250,000 under asking — on December 1, according to Real Estate Report Inc.

Susan Breitenbach of The Corcoran Group represented the seller, Dana J. Reis, who last listed the 1-acre property for just shy of $10 million.

Designed by AML Architects, the four-bedroom, four-bath home is bright and light throughout, its interiors flooded in sunlight from large windows and multiple glass doors opening to terraces. “Fabulous water views and vistas with spectacular western views create a serene seaside ambiance,” the listing says.

The open concept principle living area flows through the great room, formal dining with wine storage and gourmet kitchen. A screened-in summer living room features a wood-burning fireplace, Lynx grill and overlooks a heated Gunite pool with sun shelf, lap lane, pool house and landscaping — including raised vegetable, herb and flower beds, fruit trees, and, of course, high hedges.

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