Nantuckset-Style Home On The Water In Sag Harbor Sells For $17.5 Million - 27 East

Real Estate News

Real Estate News / 2005871

Nantuckset-Style Home On The Water In Sag Harbor Sells For $17.5 Million

icon 2 Photos
Recently sold at 25 Shaw Road in Sag Harbor.  COURTESY THE CORCORAN GROUP

Recently sold at 25 Shaw Road in Sag Harbor. COURTESY THE CORCORAN GROUP

The wine tasting room at 25 Shaw Road is outfitted with a special air filtration system for enjoying cigars.  COURTESY THE CORCORAN GROUP

The wine tasting room at 25 Shaw Road is outfitted with a special air filtration system for enjoying cigars. COURTESY THE CORCORAN GROUP

authorStaff Writer on Jul 26, 2022

A waterfront Nantucket-style residence built in 2007 in Sag Harbor has sold for $17.5 million.

At 25 Shaw Road, the 8,200-square-foot home sits on a gated 2-acre property fronting Sag Harbor Bay that also hosts a covered entertaining pavilion, a 50-foot heated Gunite pool, a cabana bath, four-car garage, bocce court, croquet field and meditation garden.

In addition to eight bedrooms, seven full bathrooms and two half-baths, the home boasts a kitchen with top-of-the-line appliances including two dishwashers, two refrigerators, a wine fridge and an ice maker; a formal dining room and living room, both with water views and French doors leading to the covered porch; and a lower level with a wine tasting room with air filtration designed for smoking cigars, a movie theater, a billiards room, a gym, a steam room, a sauna and a spa shower.

Susan Breitenbach of Corcoran had the listing.

“One of the most amazing waterfront properties in Sag Harbor with huge yard and pavilion, its own sandy beach and unique floating dock plus incredible sunsets over the open bay!” she remarked on 25 Shaw Road. “It’s also a short walk to Sag Harbor Village!”

The sellers were Wendy and Stephen Siegel, and the new owner is Hard-A-Lee Trust, according to The Real Estate Report Inc. The deal closed on May 3.

Stephen Siegel is the chairman of global brokerage for CBRE, a commercial real estate firm with more than 500 offices, and has negotiated some iconic deals, including negotiating on behalf of the Trump Organization to lease space in Trump Tower to the Gucci Group in 2006. He’s also the chairman of Gift of Life Biologics, which works toward gene and cell therapy research and commercialization, and sits on the board of several philanthropic organizations.

Wendy Siegel is the co-chair of the National Jewish Health Council of National Trustees.

When the Siegels purchased 25 Shaw Road for $13.7 million in 2010, it was the highest price ever paid for a residence in Sag Harbor.

You May Also Like:

Property Fronting Hook Pond Gets $21.75 Million, Its Full Asking Price

The East Hampton Village home fronting Hook Pond recently sold for $21.75 million, its full ... 12 Aug 2022 by Staff Writer

Hamptons Summer Rental Market Slows Down After Two Hot Years

After two supercharged summers, driven by pandemic demand, it seems the East End’s seasonal rental ... 11 Aug 2022 by Sophie Griffin

Pulse: Hamptons Real Estate Roundtable

During the first half of 2022, the Hamptons market achieved record-high prices and record-low inventory, ... by Moderated By Brendan J. O’Reilly

The Top 10 Hamptons Home Sales Of The First Half Of 2022

In the first half of 2022, the top 10 Hamptons home sales ranged in price ... by Staff Writer

Experts Say Community Housing Funds Won’t Be Panaceas But Won’t Overheat Real Estate Market, Either

That the East End has an affordable housing crisis is a given. The extent to ... by Stephen J. Kotz

Hamptons Real Estate Market Is Pivoting, Analyst Says

There is a change in the Hamptons real estate market being felt right now, as ... by Brendan J. O’Reilly

Bespoke Debuts 1 Percent Listing Commissions

Bespoke Real Estate, a brokerage in Manhattan, the Hamptons and Miami specializing in listings priced ... 10 Aug 2022 by Brendan J. O’Reilly

New Build In East Hampton Village Sells With $6.4 Million Price Tag

A new build in East Hampton Village recently closed with a last asking price of ... 9 Aug 2022 by Staff Writer

State Bills Aim To Make Housing More Affordable

Governor Kathy Hochul signed a legislative package boosting housing affordability into law on Monday. The three bills enable local municipalities to expand eligibility for the property tax exemptions for those older than 65, people with disabilities, people with limited income, and first-time homebuyers, and they they provide more time and increased spending on emergency home repairs for low-to-moderate-income seniors. “I am proud to sign these bills to put money back in the pockets of New York homeowners and help seniors and families stay in their homes,” Hochul said in a statement on Monday. “With inflation and rising costs putting a ... by Staff Writer

CPF Revenue For The First Half Of 2022 Is Down 5.3 Percent

Peconic Bay Community Preservation Fund revenue for the first half of the year was $107.44 ... 3 Aug 2022 by Staff Writer