New $150 Million Listing Takes Top Spot As Most Expensive In The Hamptons - 27 East

Real Estate News

Real Estate News / 1400036

New $150 Million Listing Takes Top Spot As Most Expensive In The Hamptons

icon 1 Photo

author on Jul 16, 2017

A property called La Dune in Southampton is on the market for $145 million? Well, J. Michael Evans will raise you $5 million and offer his property for $150 million, taking top spot as the most expensive listing in the Hamptons.

According to the New York Post, Mr. Evans, co-chairman of Goldman Sachs, and his wife, Lise, are the owners of an estate on Meadow Lane, also in Southampton, that is now for sale. The property is actually a combination of three oceanfront parcels and a bayfront one containing several structures that were accumulated during the past three years via an investment of $115 million. Mansion Global reports that the agent representing the Evanses is Harald Grant of Sotheby’s International Realty.

The combined properties offer 700 feet of direct frontage on the ocean. One of them, on 3.5 acres, includes a roughly 12,000-square-foot house, built in the 1990s, with 8 bedrooms and an indoor pool. Another parcel, on 3 acres, has two shingle-style houses: one measuring about 2,000 square feet with an outdoor swimming pool, and a roughly 3,000-square-foot home with a tennis court. A third, 5-acre parcel, has two putting greens plus two “golf cottages” overlooking the ocean. A fourth parcel is a roughly 2.5-acre vacant lot with frontage on Shinnecock Bay, ensuring the property has water views on both sides.

The former owner of the properties was entertainment mogul Robert F.X. Sillerman. At one time Mr. Sillerman, once the chancellor of the now-defunct Southampton College, owned several parcels on Meadow Lane but business reversals forced him to sell them off. A high point in Mr. Sillerman’s business career came in 2000, when he sold SFX Entertainment for $4.4 billion. With that in the kitty, he went on to start up new companies and pursue other opportunities, one of them being buying the majority rights to the Elvis Presley estate Graceland in Memphis. Mr. Sillerman revived SFX Entertainment four years ago to focus on electronic dance music. This effort included acquiring a number of dance music promotion companies, among them Made Event, React Presents, and Totem. Apparently, the recovering economy did not bring SFX Entertainment along with it, and the company filed for bankruptcy.

It probably didn’t help either that one of Mr. Sillerman’s many philanthropic efforts was being a donor and fundraiser for the Democratic Party during the 2016 election. Given the expanding reach of Goldman Sachs, presumably the Evanses are selling the Meadow Lane estate simply because they want to.

You May Also Like:

Newly Built Little Plains Road Residence Sells For $11.35M

A newly built Southampton Village residence by Northport’s Schuttinger Building has sold for $11.35 million. ... 22 Jan 2020 by Staff Writer

AIA Peconic Names 2020 Executive Committee

AIA Peconic, the East End chapter of The American Institute of Architects, has announced its executive committee for 2020. Debbie Kropf AIA of DSK Architect will serve as president and Nilay Oza of Oza/Sabbeth Architecture will be vice president. Viola Rouhani AIA of Stelle Lomont Rouhani Architects returns to the board as secretary, and Anne Sherry of Anne Sherry Architect returns as treasurer. Gregory Thorpe, who was the 2019 AIA Peconic president, will serve as an AIA of New York State board member, Emmanuela Martini of Blaze Makoid Architecture will be an associate liaison and B. Kay Jones is the ... 21 Jan 2020 by Staff Writer

Wyandanch Lane Residence Sells For $8.95 Million

A classic Southampton Village home on a Wyandanch Lane flag lot has sold for $8.95 ... 20 Jan 2020 by Staff Writer

Historic Sagaponack Home Halseycot Sells For $7 Million

Halseycot, an iconic Sagaponack Village home, recently sold for $7 million, and the buyer, according ... by Staff Writer

CPF Revenue For First 11 Months Of 2019 Down 23 Percent

Revenues for the Peconic Bay Region Community Preservation Fund during the first 11 months of ... 10 Jan 2020 by Staff Writer

Normandy House On Southampton’s Lake Agawam Sells For $22 Million

The historic Normandy estate fronting Southampton Village’s Lake Agawam has changed hands for $22 million, ... 8 Jan 2020 by Staff Writer

Ellen Pompeo Sells Sag Harbor Home

Actress Ellen Pompeo’s modern farmhouse retreat on 8 acres in Noyac has sold, about six ... by Staff Writer

Water Mill Home That Previously Belonged To Mel Brooks, Anne Bancroft Sells For $11 Million

An oceanfront Water Mill beach house that once belonged to filmmakers Mel Brooks and Anne ... 7 Jan 2020 by Staff Writer

Hampton Bays Home Fronting Peconic Bay Sells For $3.9 Million

In Hampton Bays, 18 Cedar Point Road, located east of the Shinnecock Canal and fronting ... 6 Jan 2020 by Staff Writer

State Issues New Regulations In Response To Newsday’s Housing Discrimination Investigation

The New York State Board of Real Estate has approved new regulations to combat housing discrimination in response to a three-year Newsday investigation. The investigation and subsequent report, titled “Long Island Divided,” found widespread illegal discrimination against minority homebuyers. Newsday also found that the fair housing and anti-discrimination training classes that real estate agents are required to attend were, more often than not, inaccurate, confusing or incomplete. Governor Andrew Cuomo directed the Department of State to issue new regulations in light of Newsday’s report, which was published in November. On December 16, the State Board of Real Estate — which ... 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