When the most recent deed transfers landed in email inboxes last week, jaws dropped in shock and awe when viewers realized that, toward the top of the pile, the sale price for 408 Further Lane in Amagansett was not a typo.
It was a record-shattering $115 million — marking the most expensive single residential parcel to ever sell on the East End, though it is unclear which brokerages were involved in the off-market, nine-figure deal that closed on July 31.
The identity of the buyer, listed as “Brise Lontaine LLC,” is shielded. But according to previous reports, the seller was former Yahoo! and Warner Bros. Chairman Terry Semel.
In 2006, the New York Post reported that Semel bought the home and 8.5-acre property for $43 million — through his Windsor Digital Studios company — from Stephen A. Schwarzman, the billionaire CEO and founder of Blackstone. He paid $1 million more than asking price.
Schwarzman had originally grabbed the property at auction in 1992 for just $4 million, the Post reported, which had slightly more than 15 acres, but 6.1 acres of it was deeded to The Nature Conservancy in the early 2000s.
At the time, the property included a “rustic” five-bedroom cottage, according to Brown Harris Stevens marketing materials, as well as some of the last structures designed by architect Charles Gwathmey before he died in 2009.
When Semel bought the property through his company, he was chairman and CEO of Yahoo! Incorporated, a position he held from 2001 to 2007, according to Behind the Hedges. Previously, he served as chairman and co-chief executive officer at Warner Bros. for 24 years.
The $115 million sale breaks the record for the most expensive Hamptons sale, which previously belonged to Jule Pond, a 42-acre waterfront estate in Water Mill, which sold for $105 million in October 2021.
Staff Writer on Nov 24, 2025