Sagaponack Compound Sells For $12.5M, Was Asking $22.5M In 2015 - 27 East

Real Estate News

Real Estate News / 1661421

Sagaponack Compound Sells For $12.5M, Was Asking $22.5M In 2015

icon 17 Photos
544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. AERIAL AESTHICS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

544 Hedges Lane, Sagaponack.

544 Hedges Lane, Sagaponack. JAKE RAJS FOR SOTHEBY'S INTERNATIONAL REALTY

authorStaff Writer on Dec 16, 2019

A Sagaponack compound on more than 4 acres sold recently for $12.5 million, making it one of the biggest sales of 2019 in the village.

The official address in county sales records is 51 Old Barn Lane but this property is better known as 544 Hedges Lane. It was listed with Sotheby’s International Realty for $13.5 million when it sold. That was after several years and price cuts. It first came on the market in 2015 asking $22.5 million, according to Curbed.

The south-of-the-highway compound has a loft-like 1880 barn residence, a guest house, an oversized gym/pool house and several outbuildings. In all, there are nine bedrooms, 12 full bathrooms and three partial baths. It also comes with a lily pond — and don’t forget the pool and tennis.

The seller was Pamela B. Friedman and the buyer was an anonymous limited liability company. Beate V. Moore and Frank E. Newbold had the listing for Sotheby’s International Realty.

 

You May Also Like:

Waterview Water Mill Shingle-Style Homes Sells for $11.38 Million

A Water Mill home with a view of Burnett Creek and a dock for access ... 17 Apr 2024 by Staff Writer

Sagaponack New Construction Designed by McDonough & Conroy Sells for $6 Million

A new 8,000-square-foot home in Sagaponack has sold for $6 million preconstruction. On 3.13 acres ... 9 Apr 2024 by Staff Writer

New Book Shows Long Island’s Past With Glimpses of Future

“Making Long Island: A History of Growth and the American Dream,” by Lawrence R. Samuel ... 5 Apr 2024 by Joseph Finora

Good Things Come in Small Packages

While large houses offer more space to spread out in, a new home in East ... 3 Apr 2024 by Brendan J. O’Reilly

Culloden Point Waterfront Home Sells for $12.5 Million

On Montauk’s Culloden Point and fronting Fort Pond Bay, the home at 8 Captain Balfour ... by Staff Writer

Sands Motel in Montauk Sells to Hospitality Group

Montauk’s Sands Motel at 71 South Emerson Avenue has sold to a prominent hospitality group, ... 29 Mar 2024 by Staff Writer

L’Hommedieu Descendants Tour House He Designed in East Hampton

The 1892 Brooklyn Daily Eagle obituary for architect James H. L’Hommedieu referred to him as ... 26 Mar 2024 by Brendan J. O’Reilly

Old Montauk Highway Estate Once Seeking $55 Million Sells for $18.5 Million

A Montauk estate spanning 35 acres with 485 feet of private beachfront has sold for ... by Staff Writer

Coopers Farm Road Home Sells for $4.15 Million

A 5,600-square-foot shingle-style home in Southampton Village built in 1989 recently sold for $4.15 million. ... by Staff Writer

National Association of Realtors Settlement Will Reverberate Throughout Real Estate Industry

New rules — and a monster settlement — could start saving homebuyers and sellers thousands ... 19 Mar 2024 by Joseph Finora