Southampton's Lucky Seven Sales - 27 East

Real Estate News

Real Estate News / 1398678

Southampton’s Lucky Seven Sales

icon 9 Photos

author on Dec 8, 2017

Those of you who are interested in Southampton real estate and have been sitting on the sidelines, you better get into the game while there is any inventory left. According to reported sales during the last couple of weeks, properties priced at seven and eight figures have been going fast and furious. So as not to get too long-winded here, let’s take a gander just at the “Southampton Seven,” the biggest transactions reported during that two-week period.

Leading the pack is 110 Pheasant Lane in the Village of Southampton, which Caymus LLC picked up for a cool $24 million. Located in the Murray Compound with private ocean access, the site, just under 2 acres, hosts 15,700 square feet of total living space, containing 9 bedrooms and 12.5 baths, with the main residence designed by Fleetwood & McMullan. The grounds feature a 60-by-30-foot heated gunite pool, pool house, sunken all-weather tennis court, and numerous patios and covered decks. Inside is a vaulted entry gallery, living room and den/library with fireplaces, formal dining room with fireplace, enormous dine-in professional chef’s kitchen, junior master bedroom suite occupying the ground level, together with glass enclosed breezeway to the guest apartment with two bedroom suites, garage and side entrances. The second-floor master suite apartment features a private deck, two full bathrooms and custom walk-in closets, and three more guest suites also on this level. The finished lower level includes a gym, sauna and steam rooms, recreation game room with built-in bar, theater, wine cellar, dance studio, laundry facility, and two guest bedroom suites. An elevator serves all three floors.

Two more transactions were in eight-figure territory, too. Also in the village is 110 Ox Pasture Road, which went for $10.5 million. As you can expect, this property features beautiful grounds, outdoor patios and terraces, an outdoor fireplace, all-weather tennis court, and a heated gunite pool. The renovation of this 6,600-square-foot “cottage” on 1.9 acre includes custom wood interiors, enhanced skylights, and modern steel and glass design elements. There are various gathering spaces, a ground-floor bedroom suite, a gourmet kitchen, a media room, plasma TVs, five fireplaces, a library, and five more bedrooms including the second-floor master suite. The pool house/studio features its own fireplace, full bath, and attached outdoor shower. The purchaser is David C. Novak, who last year retired as chairman and CEO of YUM! Brands Inc. He had previously served as CEO of Pepsi-Cola North America.

For $10,250,000, a limited liability company is the proud owner of 32 Westway Drive. The 7,000-square-foot residence with 7 bedrooms and 7.5 baths on an acre overlooks Shinnecock Bay to the Atlantic Ocean, with 200 feet of direct bulkhead waterfront. This new residence features water views from all bay-facing rooms. A connecting pool house offers a wet bar, pool half bath, covered porch with adjoining BBQ, and outdoor shower. The finished lower level also includes a gym, half bath, billiards room, media room, wine cellar and laundry. Outside, the property offers a bay-facing heated gunite pool and a 2-car garage.

Going for $9 million recently was 101 First Neck Lane. The 6,000-square-foot manse has six bedrooms and 5.5 baths and is on 2 acres. The formal dining room opens into a rear covered deck and there is a professional kitchen with pantry. Outside is a tennis court, in-ground heated pool, garage, and even a “bicycle garage.” Selling for $7,700,000 was 85 Heady Creek Lane. Set on 0.92 acre with southwestern sun exposure is a 10,500-square-foot house. The spacious gourmet eat-in kitchen/great room features a wood-burning fireplace, hardwood floors, and professional stainless appliances. Covered loggia features a dining area/lounge area and another wood-burning fireplace. Appealing features include a finished lower level with a gym, media room, powder room, wine room and en-suite bedroom.

You get the idea—as the air temperature continues to cool, Southampton is hot. Number six and seven on our list this week? One is 44 Lewis Street, which sold for $5,250,000, and 163 Wooley Street, snapped up for $3,125,000. Sure seems to be a seller’s market in the village and its immediate surroundings.

You May Also Like:

New York Eviction Moratorium Quietly Expires

The statewide eviction and foreclosure moratorium — which was extended twice over its nearly two-year lifespan during the COVID-19 pandemic — quietly expired last Saturday, without much fanfare. “In short, it was time for the moratorium to end,” State Assemblyman Fred W. Thiele Jr. said. “I supported letting it expire.” The stopgap measure dates back to March 2020, when New York was the first national epicenter of the pandemic, prompting then-Governor Andrew Cuomo to announce a 90-day moratorium on evictions for residential and commercial tenants — meaning no one could be evicted in New York State until at least June ... 18 Jan 2022 by Michelle Trauring

Renovated Whaler’s Home Sells For $11 Million In Amagansett

History meets luxury at 66 Old Montauk Highway in Amagansett — a seven-bedroom, six-bathroom, 19th ... 17 Jan 2022 by Staff Writer

Manaforts Move Out: Bridgehampton Estate Fetches Over $10 Million

The deed transfer for 174 Jobs Lane in Bridgehampton between two LLCs tells one story ... by Staff Writer

Oceanfront East Hampton Estate Sells For $55 Million In Less Than A Month

In less than 30 days, an oceanfront estate on Further Lane in East Hampton went ... 11 Jan 2022 by Staff Writer

Wainscott Estate, Made Famous By HBO’s ‘Succession,’ Snares $45 Million

Fans of HBO’s “Succession” will instantly recognize what is poised to be one of the ... by Staff Writer

Thiele, Gaughran Back Legislation To Improve Real Property Tax Relief Credit

State Assemblyman Fred W. Thiele Jr. and State Senator James Gaughran have announced legislation to improve and expand the Real Property Tax Relief Credit — a policy enacted last year to help homeowners during the COVID-19 pandemic. The proposed changes would increase the Real Property Tax Relief Credit’s maximum qualifying income eligibility from $250,000 to $350,000, as well as bump up the amount of credit — raising the maximum level from $350 to $1,500. Currently set to expire in 2025, the bill would also make the credit permanent. “Reports show that New Yorkers continue to flee to other more affordable ... 10 Jan 2022 by Staff Writer

Douglas Elliman Hits New York Stock Exchange As Independent Company

Douglas Elliman’s got a brand new bag — or, rather, a new ticker symbol. Last month, the company completed its spin-off from Vector Group Ltd. and, on December 30, began trading on the New York Stock Exchange under the symbol “DOUG” as an independent company. It has also been added to the S&P SmallCap 600. “Today marks an exciting new chapter for Douglas Elliman,” Howard M. Lorber, chairman and chief executive officer of Douglas Elliman, said in a statement. “As a standalone company, Douglas Elliman will leverage its differentiated approach, portfolio of innovative technology services and a best-in-class team of ... by Staff Writer

Sagaponack Estate, Featuring Rare Stones, Closes For $17 Million

What does it cost to buy a home built with some of the rarest stone ... 21 Dec 2021 by Staff Writer

Rodney Dangerfield’s Daughter Sells Bridgehampton Estate

An 8,000-square-foot, shingle-style estate in Bridgehampton, previously owned by Melanie Roy-Friedman — who is Rodney ... by Staff Writer

Community Preservation Fund Raises $177.37 Million In First 10 Months Of 2021

The Peconic Bay Community Preservation Fund raked in $177.37 million in the first 10 months ... 13 Dec 2021 by Staff Writer

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported
Send this to a friend