Georgica Pond estate’s price tag doubles to hit $85M

The listing now includes plans for a new 14K sf home

New York /
Apr.April 20, 2017 03:20 PM

UPDATED, April 26, 3:14 p.m.: An East Hampton home that belongs to the estate of investment banker Carl Tiedemann is hitting the market for $85 million, nearly double its original price.

The 7.1-acre estate at 19 and 23 Chauncey Close in Georgica Pond hit the market in 2015 asking $45 million, the Wall Street Journal reported. The price was shaved back to $32 million last year, and was then pulled from the market. The property is now back for sale, and includes plans for a 14,000-square-foot home. Along with a six-bedroom house featuring a gym and screening room, there are plans for a outdoor swimming pool, garage, greenhouse and formal gardens.

Tiedemann, who founded Tiedemann Investment Group and died last year, built the home that’s currently on the property in 1990, according to the Journal. That house spans around 6,100 square feet and features beams from an English barn that was built the late 1500s.

Georgica Pond is one of the most expensive parts of Hamptons, according to the Journal. Last year, David Geffen sold his estate there on West End Road for $67 million, and celebrities such as Steven Spielberg and Ronald Perelman also have homes there. Harry Macklowe also has an estate on its banks.

In the last quarter of 2016, sale prices dropped in all sectors of the Hamptons market. Overall, the median price for the area was $925,000, according to the most recent report from Douglas Elliman[WSJ]Miriam Hall

An earlier version of this story stated the asking price had been reduced to $35 million. It was reduced to $32 million.


Related Articles

arrow_forward_ios
371 Clinton Street in Carroll Gardens and 6 Strong Place in Cobble Hill (Photos via Compass)
Townhouse sales dominate Brooklyn’s luxury market
Townhouse sales dominate Brooklyn’s luxury market
Gotham's Joel Picket and David Picket with 538 10th Ave. (Google Maps)
Gotham plans massive mixed-use building on Far West Side
Gotham plans massive mixed-use building on Far West Side
(iStock)
Forbearance rate stubborn among home-mortgage borrowers
Forbearance rate stubborn among home-mortgage borrowers
(Engel & Völkers Market Center, 432 Park)
Sugimoto-curated 79th floor at 432 Park quietly hits market
Sugimoto-curated 79th floor at 432 Park quietly hits market
Sharon Davis and 9 East 81 Street (Google Maps, iStock)
UES townhouse trades 40% below latest appraisal
UES townhouse trades 40% below latest appraisal
The average price of a London home rose above 500,000 pounds, or roughly $685,000, for the first time. (Getty)
London home prices hit new high
London home prices hit new high
(Illustration by The Real Deal)
Americans bought 5.6M homes last year — the most since the bubble
Americans bought 5.6M homes last year — the most since the bubble
Randy Mastro and 21 East 83rd Street (Photos via Getty; Google Maps)
Former deputy mayor Randy Mastro, lawyer in Lucerne controversy, lists UES home
Former deputy mayor Randy Mastro, lawyer in Lucerne controversy, lists UES home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...