Developer puts her $22.9M Sagaponack property on market

Marketing director at Saunders says the house currently there is a "probable tear-down"


Sagaponack property

A waterfront property in Sagaponack is now for sale by its owner, Louise Linden, a long-time Hamptons developer, who is listing it along with Saunders & Associates for $22.9 million. The 3.88-acre property includes 470 feet of waterfront on Sagg Pond.

Linden said she had bought and developed half a billion dollars worth of property in the past 30 years, but had kept this property for herself and her children, and is selling it now because her children have grown up and left the nest (note: correction appended).

While she said she did not know the exact square footage of the house, she said she envisioned that an 11,000-square-foot estate could be built on the property with a tennis court and a swimming pool. The current building is a vintage-modern house designed by architect Peter Blake in the 1950s. The design of the house was done to focus on views of the property. The house has three bedrooms and 3.5 bathrooms, according to the Saunders listing.

Gary Nolan, marketing director at Saunders, said it was the first time the property was on the market in 30 years. He said the house currently there is a “probable tear-down.”

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Linden, who declined to divulge how much she originally paid for the property, said she first saw it in the winter at a time when many properties were still available in the area, and decided that “this one I’m keeping [for myself].”

She said had recently gotten her real estate license and hoped to bring her experience in developing and subdividing Hamptons properties to customers interested in the area, as an agent at Saunders.

Linden said she has developed a 17-lot oceanfront property between East Hampton and Montauk called Whalers’ Lane, as well as a 22-lot property by Parsonage Pond in Sagaponack, among others.

Nolan, who took the photographs of the property himself, said that he had been struck by its “incredible views” of the water and the landscape.

There is also a view west to the sunset, and it is possible to kayak to the ocean, Linden noted.