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1100 Meadow Lane in Southampton made fourth on the most expensive sales of the fourth quarter. It sold for $38 million.
Electronic dance music mogul Robert F.X. Sillerman, once on the Forbes 400 list, sold one of his Meadow Lane estates in Southampton last month for $38 million.
The 2.4-acre oceanfront estate is located at 1100 Meadow Lane and features a house, pool house, swimming pool and a tennis court.
The buyer is unknown, cloaked in a domestic limited liability corporation named after the property’s address, and listed to the New York City office of Cleary Gottlieb Steen & Hamilton LLP, an international law firm.
At one point, Mr. Sillerman owned three contiguous oceanfront properties on Meadow Lane, which is known for its extravagant estates. In the fall of 2014, he put 1116 Meadow Lane, a 3.6-acre lot immediately to the west of 1100, complete with a 12,800-square-foot home, on the market for $39 million. It sold a month later for $37.5 million.
He still owns two other properties—1080 Meadow Lane, which is immediately to the east of 1100 and features a house and a three-hole golf course, and 1099 Meadow Lane, which is an empty 3.5-acre bayfront lot. They are not for sale.
Mr. Sillerman restarted SFX Entertainment in 2012, after having sold the company in 2000 for $4.4 billion. In 1993, Mr. Sillerman served as the chancellor of Southampton College, famously appointing Kermit the Frog as the commencement speaker in 1996 to represent the college’s two-pronged focus on marine science and creative writing.
Carey London on Jan 25, 2016