Oath's Vanessa Wittman Buys In Water Mill

An oath can be a curse, but in the case of Vanessa Wittman, Oath is a blessing. Translation: Last January, she became the chief financial officer of the Verizon subsidiary, and surely that salary has helped her to afford 68 Summerfield Lane in Water Mill. The price she paid for the new retreat was $8 million.

The recent build by Farrell Building Company—in place of the 2,300-square-foot home that was there—is an 8,000-square-foot residence on 0.93 acre with eight bedrooms and 7.5 baths.

Before signing on with Verizon—which owns Yahoo, AOL and HuffPost, among other companies—Ms. Wittman was CFO at Dropbox, Motorola and Marsh & McLennan. At Oath, her new position includes working to “help propel Oath’s strategic expansion as it becomes one of the world’s largest internet and mobile brand companies,” according to a press release issued when Ms. Wittman was hired.

Money-wise, another big transaction in Water Mill was the recent acquisition of 236 Halsey Lane by a limited liability company for $7.8 million. The 4,914-square-foot residence has five bedrooms and six baths. The best feature of this property is it is 2.3 acres, so plenty of room to roam or to expand.

One more to mention in Water Mill is 535 Mecox Road, purchased by George Gewirtz and the jewelry designer Margo Arjang for $4.15 million. Sited on 1.4 acres of flat land, the main house spreads out over 4,000 square feet and centers on a great room with vaulted ceilings and a two-sided wood-burning fireplace. An adjacent sitting area and den and sunroom are complemented by a formal dining room and kitchen. The bedrooms are set in four wings. The master suite comes complete with a spacious deck overlooking the property. An in-ground pool and patio area are at the center of the property, which is anchored by a 2,000-square-foot artist studio with full basement with 10-foot ceilings. The property is not on, but is very close to, the ocean.