Further Lane Estate Sells For $57 Million

An oceanfront mansion by architect Francis Fleetwood on coveted Further Lane in East Hampton quietly sold at the end of 2020 for $57.04 million, just two years and eight months after the property last sold for $40 million.

The Real Estate Report Inc. reports that the sale of 290 Further Lane closed on December 18, 2020. That means it came in under the wire to be the No. 3 most expensive Hamptons home sale of that year. When it was sold in 2018, it was the No. 1 biggest sale of the year.

The estate is 6.1 acres with 300 feet of oceanfront, a gambrel-style, cedar-shingled 10,000-square-foot residence, an oceanside pool and a tennis court, the Bespoke Real Estate listing states. The mansion has seven bedrooms, nine full bathrooms and two half-baths.

Enter at the double-height reception hall. Throughout the home, find polished plank wood floors and coffered ceilings. There are also several fireplaces to be found, including in the library, oversized living room and formal dining room.

The chef’s kitchen has Calcutta marble countertops, an island with seating, and professional stainless-steel Viking appliances. The kitchen is next to the open family room window-surrounded breakfast room with panoramic ocean views. A first-floor bedroom suite and spa wing has a personal gym, full bathroom and sauna. Storage rooms, a powder room and an attached 3-car garage are accessed through a separate entrance.

Take the stairs or elevator to the upper level, where an open landing/sitting area leads to a master retreat with a bedroom with a fireplace with intricate details, his and hers spa baths, a television room and multiple terraces. Two more bedroom suites access a rooftop viewing deck for ocean views and stargazing.

There are 2,400 square feet of covered porches and porticos for effortless indoor-outdoor living.

The estate was listed in 2016 for $69 million, but the asking price was slashed a few times, down to $49 million, before 290 Further Lane eventually sold in 2018 for $40 million.

For the 2020 sale, Bespoke had the property listed for $68 million. At $57 million, the final sales price is a discount of 16 percent.

The seller is 910 SOB LLC, and the new owner is 290 East LP, according to The Real Estate Report Inc.