Oceanfront Further Lane Estate Sells For $60 Million - 27 East

Real Estate News

Real Estate News / 1762199

Oceanfront Further Lane Estate Sells For $60 Million

icon 1 Photo
70 Further Lane, East Hampton

70 Further Lane, East Hampton

authorStaff Writer on Mar 12, 2021

An oceanfront estate in East Hampton Village quietly sold last month for $59.5 million in an off-market deal.

According to The Real Estate Report Inc., 70 Further Lane sold on February 5. However, there is no listing to be found for the 3-acre property, which includes a large shingled home, an oceanside pool, a tennis court and a basketball court, and no agency has stepped forward to take credit for the sale.

The owner was Jim Chanos, a hedge fund manager who has had great success in short sales. He is the president and founder of Kynikos Associates, and known for predicting the fall of Enron in 2001. Just last year, he successfully shorted troubled companies Luckin Coffee and Wirecard AG.

At 70 Further Lane, Mr. Chanos hosted annual parties to enjoy Fourth of July fireworks and also fundraisers. A July 2010 invitation states that Mr. Chanos and his then-wife, Amy Chanos, hosted a political fundraiser there for Andrew Cuomo’s first bid for governor. They also hosted at least one charitable fundraiser there for Miracle House.

At nearly $60 million, 70 Further Lane is the biggest Hamptons real estate transaction of 2021 to date.

The buyer’s identity is shielded by a limited liability company.

You May Also Like:

Vacant Water Mill Parcels Move for Over $6 Million

In Water Mill, four subdivided lots totaling 5.8 acres recently sold on September 17 for ... 14 Oct 2025 by Staff Writer

Southampton Waterfront Home Sells for $12 Million After 15 Years off the Market

For the first time in 15 years, the home at 501 Meadow Lane in Southampton ... by Staff Writer

Three Sales Close Within Village Business Districts

Three sales within East Hampton’s and Sag Harbor’s business districts closed last month, according to ... 7 Oct 2025 by Staff Writer

Sagaponack Estate Trades Hands for $13.65 Million

Earlier this year, a historic, circa-1899 Sagaponack estate traded hands for $13.65 million. On June ... by Staff Writer

Bridgehampton Home Snapped Up for $10 Million Preconstruction

In the case of 85 Pheasant Drive in Bridgehampton, the 11,000-square-foot home went under contract ... by Staff Writer

Modern Meets Historic: Circa-1775 Sagaponack Home Sells for $9.5 Million

For its 250th birthday, the renovated and restored home at 412 Hedges Lane in Sagaponack ... by Staff Writer

D.A. Pennebaker's Sag Harbor Home Sells for $1.7M in Lightning-Fast Trade

When Linley Pennebaker Hagen sells a historic home in Sag Harbor, she knows it has ... 30 Sep 2025 by Staff Writer

Shelter Island Modern Waterfront Closes at $12.85M, Nearly Setting New Record

The $12.85 million sale of 1 Pandion Road now marks the second-highest price ever achieved ... by Staff Writer

Bridgehampton Land Sells for $13.4 Million

A 3.4-acre property in Bridgehampton that had a house on it already, but was marketed ... 23 Sep 2025 by Staff Writer

Oceanfront East Hampton Estate Sells for $31.5M

An oceanfront estate in East Hampton recently sold for $31.5 million, making it one of ... 16 Sep 2025 by Staff Writer