Parsonage Lane Estate Sells For $23.5 Million - 27 East

Real Estate News

Real Estate News / 1723645

Parsonage Lane Estate Sells For $23.5 Million

authorStaff Writer on Sep 18, 2020

A 7.37-acre Sagaponack Village estate recently sold for $23.5 million, according to The Real Estate Report Inc., in one of the biggest transactions to happen on the South Fork this year to date.

The estate at 232 Parsonage Lane abuts 100 acres of reserves and includes a main residence, a pool house, a carriage house, and a 250-year-old barn. The gated entry opens to a tree-lined driveway leading to a pea-gravel motor court.

Michael Davis Construction built the 11,000-square-foot main residence in 2010, with interiors by Alexa Hampton. It has eight bedrooms, eight full bathrooms and three half-baths, and a fully finished lower level. Craftsman columns and a stone terrace mark the entrance to the double-height foyer, according to the listing. Design features include coffered ceilings, wainscoting, recessed lighting, built-in bookshelves, white plank wood floors and retractable shades.

The formal living room has a marble fireplace plus French doors that open to the covered terrace and stone patio. The kitchen has Miele and Wolf appliances, white Carrara marble countertops, Ann-Morris lighting fixtures, custom white cabinetry, bar seating, and a large island with dual sinks. The breakfast area has a wall of windows that let abundant light into the kitchen. A family room, office and library each have their own fireplace. A guest suite, laundry room and powder room round out the first level.

The second story has four en-suite bedrooms and a master suite that has a fireplace, a sitting area, dual walk-in closets, a private terrace with reserve views, and a spa-like bathroom with a fireplace, floor-to-ceiling marble, radiant heated floors, a rain shower, a soaking tub, dual vanities, a water closet and a fireplace.

The finished lower level has 3,384 square feet of living space including a recreation room with a fireplace; a movie theater with a wet bar; a wine cellar; an eat-in kitchenette; a gym; a bathroom with a sauna, a steam shower, lockers and a water closet; a bedroom with three bunk beds; an en-suite guest room and a powder room.

All three levels are served by an elevator.

The 2,050-square-foot carriage house adjacent to the main residence is attached to a three-car garage and has a recreation room, a sitting room with a fireplace, a kitchenette, two full bathrooms, and an exercise room.

The 1,250-square-foot pool house complements the pool and spa, and the grounds also feature a sunken north-south tennis court, an outdoor fireplace, an outdoor shower, a built-in Pykel grill, a generator, two steel-top pergolas and stone terraces. The pool house itself has a family room with a fireplace, a kitchenette with white marble countertops, a sauna, a steam room, a yoga space, gym space and 1.5 bathrooms.

The unique, pre-existing, nonconforming barn is 250 years old and offers storage. It’s next to the estate’s apple orchard.

The seller was Parsonage Lane Realty Holding LLC and the new owner is Silversands Parsonage LLC.

The deal closed July 10. Bespoke Real Estate had the listing, which was last asking $29.9 million. The final sales price works out to a 21.4 percent discount.

You May Also Like:

New Construction in Montauk Sells for a Nonwaterfront Record Price

A newly constructed modern home in Montauk just set a record for the highest price ... 9 May 2025 by Staff Writer

Protest Entry Challenges Hamptons Real Estate Monoculture

A Noyac architect took a different tack with his entry into this year’s AIA Peconic ... 7 May 2025 by Brendan J. O’Reilly

Hamptons Median Home Price Reaches $2 Million for the First Time

The first-quarter home sales reports for the Hamptons real estate market are in, and it’s positive news all around. The number of sales, the median sales price and the amount of inventory were all up, according to three different reports issued by area real estate firms. For the first time, the median sales price on the South Fork reached $2 million. The Elliman Report found that the $1 million to $5 million range dominated the Hamptons market, with sales nearly doubling. Across all price points, it was the sixth consecutive quarter of annual sales gains, and the number of sales ... 30 Apr 2025 by Brendan J. O’Reilly

UK Developer Buys Further Lane Property for $12 Million, Begins To Build Anew

At the end of last year, Paul Brennan and Martha Gundersen of Douglas Elliman quietly ... by Staff Writer

Going Once, Going Twice: Auctions Are an Alternative to Traditional Real Estate Listings

In the ultra-luxury market, the delta between a seller’s lofty expectations and the price that ... 23 Apr 2025 by Brendan J. O’Reilly

Agency News: Agnes Wanielista Joins Douglas Elliman

Agnes Wanielista, a salesperson with 10 years of experience in luxury real estate, has joined ... by Staff Writer

1884 Rosemary Lodge Hits the Market

A Water Mill house that was built in 1884 and was listed on the National ... 15 Apr 2025 by Brendan J. O’Reilly

Real Estate, Money and You

“Real Estate, Money and You,” a real estate investment seminar, was hosted by Douglas Elliman ... 10 Apr 2025 by Kelly Ann Smith

Ellie Awards Recognize Top Performers

On Wednesday, March 19, Douglas Elliman announced the winners of the 2025 Ellie Awards, which honor the firm’s top-performing agents throughout the nation. “Since stepping into this role at Douglas Elliman, I have been deeply inspired by the dedication and resilience our agents show every day as they navigate an ever-changing market,” said Michael S. Liebowitz, the president and CEO of Douglas Elliman Inc. “Their expertise, entrepreneurial drive, and commitment to excellence not only set them apart as real estate professionals — they are the source of our reputation for providing the highest level of client service. I look forward ... 26 Mar 2025 by Staff Writer

East Hampton's Butterfly House Is on the Market

An East Hampton home known as Butterfly House, which exhibits the butterfly roof design that ... 21 Mar 2025 by Staff Writer