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

author 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 Since the building envelope on the site is larger than the existing structure and the design of the home is arguably out-of-date, the home is also a likely candidate for teardown.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:

Agency News: Alexis Meadows Joins Michael Lorber Team at Douglas Elliman

Alexis Meadows has joined the Michael Lorber Team, a top-ranking real estate team at Douglas ... 22 Apr 2024 by Staff Writer

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