Hamptons mansion price-chopped to $65M

The 9,200 sf Southampton Village home was first listed for $75M last summer

TRD NEW YORK /
Jan.January 05, 2017 11:55 AM

The owners of a French Chateau-style mansion in Southampton Village are stepping up their efforts to sell the property, and dropped the asking price from $75 million to $65 million.

The 9,200 square foot home at 317 Murray Place sits on an approximately 3 ½ acre ocean-front lot, the Wall Street Journal reported. The stucco home features four bedrooms and includes an elevator, wine cellar, fireplace with mantels and other materials imported from Europe. The zoning allows an expansion of the house by roughly 18,000 square feet, which would make it one of the largest homes in the Hamptons.

Bespoke Real Estate’s TRData LogoTINY Cody Vichinsky and Zachary Vichinsky have the listing, along with Howard Morrel and Leslie Hirsch of Engel & Volkers New York Real Estate.

The owner, the late John Sullivan, a financial executive, built the property as a family compound in the 1990s. Last summer, the property was being offered with an adjacent five-bedroom house for a combined $100 million. The properties were available individually, with the oceanfront home asking $75 million and the other house asking $35 million. The oceanfront home is now discounted and the other property is now off the market, according to the Journal.

Hamptons luxury properties saw a jump in prices and sales volume in the third quarter in 2016, according to a recent report from Douglas Elliman. The median sales price for Hamptons luxury properties — the top 10 percent of the market — was $6.2 million, a 17 percent rise year-over-year. The report’s author, Jonathan Miller, cautioned the data only represented one quarter and may not necessarily indicate a resurgence of the high-end market. [WSJ] Miriam Hall


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Ken Griffin and Calvin Klein’s Hamptons compound (Credit: Getty Images, Google Maps)

Ken Griffin in contract for Calvin Klein’s Hamptons compound

Zach and Cody Vichinsky of Bespoke Real Estate (Credit: Getty Images)

Hamptons’ Bespoke Real Estate and former employee tangle over trade secrets

Chris Coleman and Mickey Drexler's former property at 8 Old Montauk Highway

Saunders’ No. 1 agent Chris Coleman jumps to Compass

From left: 263 Surfside Drive and Ivan Kaufman with 901 and 939 Scuttle Hole Road (Credit: VHT Studios, Arbor)

The 10 priciest Hamptons home sales of 2019

Clockwise from top left: Andrew Saunders of Saunders & Associates, Cia Comnas of Brown Harris Stevens, Nanette Hansen of Sothebys, Ernie Cervi of Corcoran, Marty Gleason of Corcoran, Ed Reale of Sothebys, Robert Nelson of Brown Harris Stevens and Theresa Quigley of Saunders & Associates

Take that, Zillow: Hamptons firms’ listings site goes live this week

Southampton home once owned by Mel Brooks and Anne Bancroft sells

Southampton home once owned by Mel Brooks and Anne Bancroft sells

Tri-State Promo

TRD’s Fall Tri-state issue drops soon!

arrow_forward_ios
Loading...