Three Of Wainscott's Seven Oceanfront Homes On The Market - 27 East

Real Estate News

Real Estate News / 1413769

Three Of Wainscott's Seven Oceanfront Homes On The Market

icon 8 Photos

authorEvan Reeves on Aug 8, 2014

The time to act may be now for anyone who has had a long-held dream to live on the Atlantic in Wainscott.

The hamlet of Wainscott has only seven homes on the ocean and three of them are currently on the market.

All three homes sit on roughly 2.5 acres, are roughly 3,000 square feet, and have over 250 feet of ocean front each. Since the asking price for each home varies considerably, one may be left wondering which is the better deal.

Two weeks ago, a california beach style home" at the end of Beach Lane was listed for $16.5 million. There is currently a 3000 square foot, stucco-clad house on the lot, with a clay tennis court and putting green. The property will allow for a 7,900 square foot house, which still leaves room for pool and tennis.

Two doors down (to the west) a home built in 1981 at 124 Beach Lane has been on the market for more than three years, and is still maintaining its listing price of $23.5 million. Since the building envelope on the site is larger than the existing structure and the design of the home is arguably out-of-date, the home is also a likely candidate for teardown.

On Wednesday, Mickey Drexler, CEO of J. Crew, listed his home at 120 Beach Lane (right next door to 124 Beach Lane) for $26.5 million. Mr. Drexler, who owns several homes on the East End, bought the house for $17 million in 2008, according to the Daily News. The house is pinched between Wainscott Pond and the ocean, which provide spectacular views, but leave the property particularly vulnerable to rising tides.

"

You May Also Like:

Quail Ridge Residents Scramble After Apartments Are Purchased for Redevelopment | 27Speaks Podcast

The tenants of Quail Ridge — the two dozen studio and one-bedroom apartments spread over ... 3 Jul 2025 by 27Speaks

Water Mill Property Where Hal Buckner and Dorothy Lichtenstein Left Their Marks Is for Sale

A Water Mill property that hosts a former dairy barn turned artist’s studio and a ... 30 Jun 2025 by Brendan J. O’Reilly

Sundays on the Bay Hits the Market

Sundays on the Bay restaurant and marina on Dune Road in Hampton Bays has hit ... 29 Jun 2025 by Staff Writer

Hamptons Rental Market Remains Alive and Well

To paraphrase Mark Twain, reports of the demise of the Hamptons summer-rental market are greatly exaggerated. “Any hint that the Hamptons rental market is anything but robust is completely wrong,” said Corcoran associate broker Gary DePersia in East Hampton. An interesting dynamic is stirring in the Hamptons vacation-rental market. Although there has been an unprecedented rise in short-term rentals and the aftershocks of the COVID-19 pandemic linger, it has been a bumper crop year for Wall Street, interest rates have remained steady and a new breed of demanding customer is emerging. Despite it all, the Hamptons vacation-rental market remains as ... 19 Jun 2025 by Joseph Finora

Jon Vaccari Joins Noble Black & Partners at Douglas Elliman

Jon Vaccari, a longtime resident of Sag Harbor, has joined Noble Black & Partners at ... 18 Jun 2025 by Staff Writer

Appeals Court Sides With Landowner Over Southampton Village ZBA

Southampton Village has lost an appeal that sought to reinstate a Zoning Board of Appeals ... 12 Jun 2025 by Brendan J. O’Reilly

Last Parcel of Startop Ranch in Montauk Sells

The last plot of land at Startop Ranch in Montauk, 107 Startop Drive, has sold ... by Staff Writer

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