The Real Deal New York

Southampton oceanfront estate trades for $21.9M

December 27, 2012 12:00PM

From left: Raymond Smith,t he exterior and the interior of 466 Gin Lane

Following three $20 million-plus deals on the East End in the past few weeks alone, including one made by Goldman Sachs CEO Lloyd Blankfein, there’s been another mega-residential deal there. Curbed reported that 466 Gin Lane in Southampton traded hands for $21.9 million — just in time to beat the tax increases that could take effect in 2013.

Raymond Smith of Douglas Elliman had the listing for the four-bedroom, 5.5-bathroom home, which measures 6,000 square feet and sits on an estimated two acres of oceanfront land. The property has 250 feet of ocean frontage.

Inside, the home has a media room and a paneled library, according to the listing. Out back, there’s a tennis court.

Purchaser and seller information were not available.

As previously reported, there’s a rush in the city now among the well-heeled househunters to close deals as, the fiscal cliff looms. [Curbed]Zachary Kussin

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