In Southampton, first oceanfront property to hit market since storm lists for $30 million

TRD New York /
Nov.November 08, 2012 01:30 PM

A 4.3-acre estate in Southampton hit the market Thursday for $30 million, making it the first oceanfront property in the area to be listed since Hurricane Sandy battered much of the East Coast.

The current residence has five bedrooms, five baths and two half baths, as well as a three-car garage, a heated gunite pool and a guesthouse connected to the beach by a walkway. Sotheby’s International Realty broker Harald Grant has the listing.

While the timing of the listing is noteworthy, Grant told The Real Deal that the property had “no damage whatsoever” and that the decision to sell had nothing to do with the hurricane.

Other residences were not as lucky, however. Reports indicated that dunes near many Southampton properties underwent significant erosion and that water did reach several homes.

Jeffrey Colle, a high-end developer in the Hamptons, described the condition to The Real Deal in an earlier interview, saying, “The road stops and you walk onto the sand usually, and, well, now the road stops and it’s just eight feet down.”

Elsewhere homes were nearly washed out or otherwise seriously damaged. In one dramatic case, the East Hampton Press reported that the Wainscott home of cosmetic baron Ronald Lauder was completely destroyed. [Curbed]Leigh Kamping-Carder


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