Southampton saw two hefty sales this week

April 19, 2017 05:04PM

A mystery buyer doled out $26 million for a mansion on Olde Town Lane, 27East reported. Meanwhile, hotshot publisher David Elliot Cohen spent far less — $4.85 million — on a nearby home on South Magee Street. The former spans a whopping 11,500 square feet. It contains 10 bedrooms, 13.5 bathrooms, six fireplaces, a theater, a billiard room, a wine room, an elevator, and an attached cottage. Cohen’s new digs aren’t too shabby either: his new place totals 7,000 square feet, with seven bedrooms and 8.5 baths. The median sales price in Southampton between January and April hovered around $1.2 million and $844 per square foot, according to Trulia. But the sample size is small — only 14 homes sold between January 13 to April 12. [27East]