The Real Deal New York

Bill Ackman’s $23.5 million estate ranks among top 15 Hamptons sales of 2015

TRData looks at the priciest transactions on the East End

January 28, 2016 04:02PM
By Will Parker

Bill-Ackman-and-Hamptons

Bill Ackman and his new Bridgehampton estate.

Did you know that there were three home sales over $50 million in the Hamptons last year? Or that Bill Ackman bought his second mansion in Bridgehampton last August (we just found out about this too)?

According to a TRData analysis of sales records, the year’s most expensive sale totaled $57.3 million for a four-acre waterfront estate at 226 Further Lane. It sold to a shell company with kind of a meh name, Eh 226 LLC. The listing brokerage, Hamptons specialist Saunders & Associates, had the most listed properties of any firm in the top 15 list of sales, with five listings.

But perhaps the most intriguing deal on the list is a three address combination sale at 195, 207 and 211 Bridge Lane in Bridgehampton. Industry sources confirm that hedge fund manager Bill Ackman bought the six-acre property for $23.5 million in August of last year using three LLCs, each bearing the name of the individual addresses involved.

At least one of those lots was previously owned by the family of the late Robert Hayes Burns Baldwin, former chairman of Morgan Stanley and Undersecretary of the United States Navy under President Lyndon Johnson. The complete estate, which includes two separate homes divided by a par-three golf hole, was the seventh most expensive sale in the Hamptons last year.

This is not Ackman’s first Hamptons splurge. In 2011, Ackman, the founder and CEO of Pershing Square Capital Management, bought another waterfront estate in Bridgehampton on Ocean Road for $22 million. Meanwhile, another happy hedgefunder, Scott Bommer, is reportedly in contract to sell three of his own Hamptons properties for $110 million.

The threshold for the top 15 Hamptons sales was $16.8 million. Southampton had more of these sales than any other town, with five. Two of the top sales overall, numbers four and six in the ranking, took place on the same street, Meadow Lane in Southhampton.

For the complete top 15 list of Hamptons sales, visit TRData.

The Hamptons' Priciest Real Estate, including listing brokerage firms
RankSale PriceAddressListing Broker(s)SellerBuyer
1$57.3M226 Further Lane, East HamptonSaunders & AssociatesQuarter Mile Drive LLC Eh 226 LLC
2$53M24-28 Gin Lane, SouthamptonCorcoran Group, Bespoke Real EstateWilliam G McKnight and Jay Bialskyn/a
3$50M16 Cliff Drive and 8 Old Montauk Highway,MontaukDouglas Elliman, Sotheby's International RealtyDrexler familyn/a
4$37M784 Meadow Lane, Southampton Douglas EllimanWilliam R Salomon784 Meadown Lane LLC
5$27M326, 328, 332 Cobb Road, Water MillCorcoran Group, Sotheby's International RealtyHelen Nash332 Cobb Road LLC

For the complete top 15 list of Hamptons sales, visit TRData.

Adam Pincus contributed reporting.

MENU