155 Trees Lane in Sagaponack, which is listed with Elliman’s Paul Brennan for $25 million
From the May issue: The tiny village of Sagaponack, tucked into the larger town of Southampton out on Long Island’s East End, has perennially been one of the wealthiest zip codes in the United States. Perhaps as a result, real estate in the hamlet (which has a population of 582) suffered even more than its neighboring Hamptons towns during a downturn that did not discriminate against luxury markets. Judi Desiderio, CEO of Town & Country Real Estate, said prices in Sagaponack tanked by as much as 40 percent. But as Wall Street profits — and the high-end market — have come back, so has Sagaponack. [more]
