CBRE’s Siegel buys priciest Sag Harbor home

25 Shaw Road and Stephen Siegel

Stephen Siegel has purchased a $13.7 million seven-bedroom, 7.5-bath home with 200 feet of private beachfront in Sag Harbor, a spokesperson confirmed to Newsday. The sale of the 25 Shaw Road home, raised eyebrows last month when it ranked the highest selling one-family home in the town, the seller’s broker Tara Newman of Saunders & Associates told The Real Deal at the time. The buyer’s identity was not immediately available at the time. The property was on the market for two years before Siegel nabbed it from Charles Ray Langston, a Miami-based hedge fund manager. The property has a 50-foot heated swimming pool, theater and croquet court. Just last month Siegel purchased a Manhattan property, a $1.75 million two-bedroom apartment at the Fairchild condo at 55 Vestry Street.