Southampton saw two hefty sales this week

TRD New York /
Apr.April 19, 2017 05:04 PM

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]


Related Articles

arrow_forward_ios
Cee Scott Brown and Jack Pearson

A top Corcoran team in the Hamptons bolts for Compass

Harry Macklowe (Credit: Getty Images)

Macklowe’s brazen Hamptons act recalls Times Square scandal

Andrew Saunders and Jeff Colle (Credit: Hampton's Real Estate, Facebook, and iStock)

Real estate bigwigs get into fistfight at Hamptons hotspot

Bravo reality star fights to keep Wainscott home from foreclosure, NYC developer brings a bookstore back to Sag Harbor & more Hamptons real estate news

Bravo reality star fights to keep Wainscott home from foreclosure, NYC developer brings a bookstore back to Sag Harbor & more Hamptons real estate news

(Illustration by Ryan Inzana)

An inside look at the Hamptons’ new hotspots this summer

Bridgehampton compound sells to Arbor Realty Trust CEO at a $14M discount

Bridgehampton compound sells to Arbor Realty Trust CEO at a $14M discount

The former Montauk Yacht Club Resort & Marina on Star Island with Lloyd Goldman and George Filopoulos of Metrovest Equities (Credit: Getty Images)

The Hamptons hotel hopscotch

Hamptons Cheat Sheet: Developer halts auction of 236 Suffolk properties, Chris Cuomo’s Southampton home finds buyer … & more

Hamptons Cheat Sheet: Developer halts auction of 236 Suffolk properties, Chris Cuomo’s Southampton home finds buyer … & more

arrow_forward_ios