The Real Deal New York

Sagg Pond estate seeks record $65M

June 22, 2012 09:30AM

From left: Robert Hurst and Corcoran's Debbie Loeffler

A former Goldman Sachs executive has just listed his 33-acre Sagg Pond estate for a whopping $65 million, the New York Times reported. If listing broker Debbie Loeffler of the Corcoran Group successfully fetches the asking prices, it would mark a record sale for an East End home sale. Robert Hurst’s property has 1,500 feet fronting Sagg Pond, a tennis court, a pool and views of the ocean.

The home is 11,000 square feet, has eight bedroom and 8.5-bathroom.The secluded property is bordered by 19 acres of preserves to the left of the driveway and much of the nearby beachland is also protected.

“It is really one of the few pieces on the market at all with this kind of privacy,” said Loeffler, whose Corcoran page does not show the listing yet. “There is really nothing like it.”

The previous record for a Hamptons home was the $60 million spent on an eight-acre Southampton estate, although in 2007 Ron Baron paid $103 million for undeveloped waterfront property in East Hampton.

Hurst, who was also the president of the Whitney Museum for American Art, is selling the property because he spends most of his time in Apsen, Colo. Two years ago he also sold a duplex at 950 Fifth Avenue for $25 million. [NYT]

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