Sagaponack Estate Sells for $9.5 Million - 27 East

Real Estate News

Real Estate News / 2230309

Sagaponack Estate Sells for $9.5 Million

icon 4 Photos
124 Hedges Lane in Sagaponack recently sold for $9.5 million.  COURTESY HEDGEROW EXCLUSIVE PROPERTIES

124 Hedges Lane in Sagaponack recently sold for $9.5 million. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

124 Hedges Lane in Sagaponack recently sold for $9.5 million.  COURTESY HEDGEROW EXCLUSIVE PROPERTIES

124 Hedges Lane in Sagaponack recently sold for $9.5 million. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

124 Hedges Lane in Sagaponack recently sold for $9.5 million.  COURTESY HEDGEROW EXCLUSIVE PROPERTIES

124 Hedges Lane in Sagaponack recently sold for $9.5 million. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

124 Hedges Lane in Sagaponack recently sold for $9.5 million.  COURTESY HEDGEROW EXCLUSIVE PROPERTIES

124 Hedges Lane in Sagaponack recently sold for $9.5 million. COURTESY HEDGEROW EXCLUSIVE PROPERTIES

authorStaff Writer on Feb 6, 2024

A 1.45-acre estate in Sagaponack down a private drive on an agricultural reserve has sold for $9.5 million.

Built in 2008 at 124 Hedges Lane, the 6,200-square-foot shingled residence has five bedrooms, five and a half bathrooms, and room for expansion.

The entry foyer leads to a double height living room “flooded with natural light,” according to the listing. A first-floor en suite junior primary bedroom offers access to the wraparound porch and backyard. Additional living spaces include a gourmet chef’s kitchen with dining for eight, and a den. A large screened porch for relaxing and dining is adjacent to the kitchen. A two-car garage is attached and includes a mudroom and laundry room.

The primary suite is upstairs with a private terrace that overlooks a bordering reserve. The large primary bathroom has a double vanity, jacuzzi tub and shower. Rounding out the second story are three guest bedrooms.

The finished lower level features a fitness area, a full bathroom with steam shower, a wet bar with a wine fridge, and a recreation room.

A heated saltwater gunite pool and a bocce court under mature cherry trees are among the outdoor amenities. There is also room for tennis.

Terry Cohen of Hedgerow Exclusive Properties had the listing.

“This private charming estate off the road in Sagaponack is such a special property,” Cohen said. “Close to the beach with mature landscaping and reserve bordering, it truly has it all! Both sides are happy with the deal, which is always welcome feedback in Hamptons real estate.”

Cathy Tweedy of Saunders & Associates brought the buyer.

The deal closed on November 29, 2023, according to Suffolk Vision Inc., which reported the sellers were Jeffrey Hornstein and Ruth Raisman, and the new owner is a limited liability company.

The listing had a $12.5 million price tag back in the spring of 2023. The last asking price was $11 million.

You May Also Like:

Hamptons Real Estate Roundtable, Memorial Day Weekend 2025 Edition

With Memorial Day weekend about to kick the Hamptons into high season, The Express News ... 22 May 2025 by Moderated by Brendan J. O’Reilly

Au-Delà Real Estate Vows To Go 'Beyond'

Au-Delà Real Estate, a new boutique real estate firm based in East Hampton, is now ... 20 May 2025 by Brendan J. O’Reilly

AI Helps Rental Seekers Find Homes That Match Their Aesthetic Preferences

Consumers increasingly have an expectation of superior, more personalized service based on their own particular ... by Steven Loeb

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