Meadow Lane Property Sells For $20 Million Months After Selling For $16 Million - 27 East

Real Estate News

Real Estate News / 1769353

Meadow Lane Property Sells For $20 Million Months After Selling For $16 Million

authorStaff Writer on Apr 12, 2021

In October of last year, a Southampton Village oceanfront property at 1384 Meadow Lane changed hands for $16 million, and just last month, it traded again, this time for an even $20 million — a 25 percent increase in less than six months.

The 3-acre property with 150 feet of shoreline to the south and views of Shinnecock Bay to the north was clearly purchased for the land when it found a buyer last year. The existing contemporary residence had just three bedrooms and three bathrooms, and the listing pitched the site as a redevelopment opportunity “with ample room for a substantial home, oceanside pool and tennis court.”

Back then, Tim Davis of Corcoran had the listing and Bespoke brought the buyer. This time, the deal was done off market, and Bespoke represented both the buyer and the seller. Because there was no public listing, it’s unclear if any improvements to the property led to the $4 million boost in price in such a short period.

You May Also Like:

The Latch Southampton Village To Begin Townhouse Showings

In-person showings begin this month at The Latch Southampton Village, a 20-unit community — 15 ... 12 May 2021 by Brendan J. O’Reilly

New Signed Contracts For Single-Family Hamptons Houses Up 387 Percent In April Over Pandemic-Time Low

New signed contracts for the sale of Hamptons single-family homes and condos have risen year-over-year ... 11 May 2021 by Brendan J. O’Reilly

Real Estate Pros To Examine Evolving Relationship That Owners Have WIth Hamptons Homes

Getting Real with East End Real Estate, a virtual panel discussion series presented by The Express News Group, continues on Thursday, May 20, at 10 a.m. with “Co-Primary: Hamptons Houses Now Seen as More Than Vacation Homes.” A panel of real estate professionals will examine how the rise of remote work has changed the view of a Hamptons house from a place for summer and weekend recreation to something more. What was once a vacation destination is now closer to a primary home, as well as a place from which to conduct business. Jonathan Miller of New York-based real estate ... by Staff Writer

The Only New Residence On Sag Harbor’s Main Street Sells For $7 Million

The first new build on Sag Harbor’s Main Street in more than 75 years recently sold for $7.19 million. The house and pool were built in 2017 in place of a cape that was deemed noncontributing to the historic district. Located on Captain’s Row, the new home is 4,800 square feet with five bedrooms, six full bathrooms and two half-baths. There is additional living space in the finished lower level and the pool house. The property also includes a detached garage. The design is in the style of a Victorian, but with modern influences. According to The Real Estate Report ... by Staff Writer

Modern Barn In Water Mill Sells For Nearly $9 Million

A new modern barn-style residence with pool and tennis on 2.8 acres in Water Mill ... by Staff Writer

Sagaponack Pondfront Traditional Sells For $7 Million

A south-of-the-highway, pondfront gambrel traditional in Sagaponack built in 2008 recently sold for $7.09 million, ... by Staff Writer

Southampton Village Oceanfront Modern At 40 Meadow Lane Sells For $43 Million

An oceanfront modern at 40 Meadow Lane in Southampton Village recently sold for $42.92 million ... by Staff Writer

New Bridgehampton Residence Fetches Nearly $8 Million

A 9,400-square-foot new build south of Montauk Highway in Bridgehampton sold earlier this year for ... by Staff Writer

Getting Real With East End Real Estate: Putting A House To Work

The option that many white-collar workers have to work remotely and the continuing restrictions on ... 5 May 2021 by Brendan J. O’Reilly

New York State Eviction And Foreclosure Moratorium Extended Through End Of August

The New York State Legislature voted Monday, May 3, to extend the state moratorium on residential and commercial evictions and foreclosures through the end of August. The moratorium began by executive order in March 2020, and the State Legislature codified it in December. It’s been extended several times as the COVID-19 pandemic wore on, and it was most recently set to expire this past Saturday, May 1. This latest extension is retroactive to that date and gives tenants, homeowners and commercial building owners another three months of protection. In order to invoke the moratorium, residential tenants and homeowners must file ... 4 May 2021 by Staff Writer
logo

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported
Send this to a friend