Further Lane Estate Has Cut Ask $20 Million Since Hitting Market

Sometimes, even in Hamptons real estate, a reality check is required. This apparently is happening at 290 Further Lane in East Hampton, where the owners, family members of a Goldman Sachs executive who passed away, have just cut the ask—again.

The estate was originally listed only a year ago, for $69 million. Two price cuts later brought it down to $59 million. Apparently, this was not appetizing enough for the market, and the property is now being offered at $49 million. Those of you who have that kind of change will be getting a lot of bang for your buck.

According to Compass, which is representing the sellers, 290 Further Lane is “a stunning oceanfront retreat with all the modern amenities.” This 7-bedroom, 9.5-bath house sits on 6 acres, from manicured gardens to sandy beaches. The Hamptons architect Francis Fleetwood “has captured a remarkable fluidity between indoor and outdoor spaces, conjuring a house with 2,400 square feet of covered porches and porticos that frame unparalleled views. This oceanfront property epitomizes the qualities of both home and grandeur. Upon walking in the front door, you’re immediately struck by an unmistakable sensation of light and effortless luxury.”

Sounds pretty enticing. Among the appealing features are polished plank-wood flooring and coffered ceilings, an oversized living room and formal dining room offer ample space for entertaining, and there are nearly 360-degree ocean views from the breakfast room. The master bedroom has a richly wrought fireplace with carved mantle, his and hers baths, and “more spectacular sweeping vistas.” The exterior includes green gardens and contemporary landscaping that can be appreciated from the rooftop viewing deck or the outdoor infinity pool. Other amenities are a professional Viking stove and Calcutta marble countertops in the kitchen to the indoor spa room complete with a hot tub and endless current pool. Get out your checkbook!

While not in the stratosphere of 290 Further Lane, the biggest sale in East Hampton reported in the last couple of weeks—that we haven’t already written about—is 35 Town Line Road, for $5,773,000. The buyer is Sandra T. Fuller. What is particularly interesting about this property is it is only 0.75 acre, and it is a vacant lot. We’re told that it has “incredible sunset views” and that permits are in place to construct a dwelling of at least 4,000 square feet. Who knows, once Ms. Fuller is done, it could rival some of the Further Lane estates.