Wooldon Manor On Southampton's Gin Lane Is Sold Again - 27 East

Real Estate News

Real Estate News / 1414107

Wooldon Manor On Southampton’s Gin Lane Is Sold Again

icon 2 Photos

130605-2217, Soth.SoH., Camuto, 16, 18, 20, 22, & 24 Gin Lane, Southampton Village, NY, SCTM904-028-1-1.0, 2.3, 2.4, 2.5, & 2.7, N40,52.257, W-72,23.371

authorVirginia Garrison on Jul 21, 2014

Wooldon Manor, a historic oceanfront mansion at 16 Gin Lane in Southampton, was sold this week as part of two separate purchases of chunks of a 14.5-acre property that went on the market this spring.

On Tuesday, July 15, a New York family closed on the 10,000-square-foot, Tudor-style house, which was once home to members of the Woolworth family, as well as a separate 2-acre lot—a total of roughly 7.5 acres of property—for $50 million.

A local builder is in contract to close this week on the remaining three lots, about 2 acres each, for a total of more than $30 million, Harald Grant, an associate broker at Sotheby’s International Realty in Southampton, confirmed on Friday. Mr. Grant said he could not name either buyer.

Hedge fund CEO Scott Bommer purchased the entire block of property for $75 million at the end of December 2013, then put it on the market less than three months later for $98 million.

It was reported at that time that Mr. Bommer was in contract to pay nearly $94 million for three properties on Lily Pond Lane in East Hampton, although the sale of those properties could not be confirmed this week. Mr. Bommer also owns 436 Gin Lane in Southampton, a former Henry Ford estate on the ocean with a Philip Johnson addition, which is on the market for almost $20 million.

Along with Mr. Grant, other brokers listing the Wooldon property were Ed Petrie of Sotheby’s and Tim Davis of the Corcoran Group.

You May Also Like:

Not for Sale: Scam Targets Vacant Land

A scam on the rise on the East End is targeting undeveloped parcels of land, ... 20 Jun 2024 by Brendan J. O’Reilly

Two New Homes Dedicated in Riverside

The Southampton Housing Authority and Habitat for Humanity of Long Island hosted a ceremony to ... 19 Jun 2024 by Dan Stark

2023’s Holiday House Hamptons Sells for $11 Million

A new modern home in Bridgehampton that served as the Holiday House Hamptons showhouse in ... by Staff Writer

Builder Wins Lawsuit Against Southampton Village, Which Has Appealed

A Southampton builder has prevailed over the Village of Southampton in New York State Supreme Court, but on Friday, the village filed a notice of appeal, meaning he won’t be getting the certificate of occupancy he sought anytime soon. Builder Michael White sued the village in November 2023, telling the court that he had received a building permit to construct a new home on North Main Street and a certificate of appropriateness from the village’s Board of Architectural Review and Historic Preservation. He wrote that despite passing multiple inspections, the village has refused to conduct a final inspection and issue ... 12 Jun 2024 by Brendan J. O’Reilly

New ‘Hamptons Transitional’ Build in Water Mill Sells for $10.25 Million

A newly constructed “Hamptons transitional”-style residence in Water Mill by Bittencourt Development and Cavallo Building ... 11 Jun 2024 by Staff Writer

New Amagansett Modern Sells for $10.25 Million

A newly constructed modern Amagansett residence by RTB Design and Shoshi Builders with views of ... 5 Jun 2024 by Staff Writer

New Build in Water Mill Sells for $7.85 Million

A new build by developer Jason Khan on 1.4 acres in Water Mill backing up ... by Staff Writer

Southampton Village ARB Must Abide by Appellate Division Decision on Bliss House Demolition

The Village of Southampton Board of Architectural Review and Historic Preservation has agreed to halt ... 28 May 2024 by Brendan J. O’Reilly

Southampton Village Estate Where Joe Biden Stayed on Vacation Sells for $27.5 Million

A Southampton Village estate where Joe Biden stayed on multiple occasions over the course of ... by Staff Writer

New State Law Protects Homeowners From Squatters

Legislation aimed at weakening so-called squatters’ rights was enacted as part of the New York State budget in April and became effective immediately. The legislation identifies the term “squatter” as one who enters onto a property or building without title, right, or permission, and therefore is not subject to the same rights and protections of lawful tenants, occupants or owners. This also makes it clear that squatters do not get any rights or protections after 30 days of occupancy. It has been designed to make it easier in some cases for police to intervene when someone enters a home without ... 23 May 2024 by Joseph Finora