The Real Deal New York

The priciest Hamptons deals of 2017

Beyonce & Jay-Z's East Hampton buy checks in at #4
By Chava Gourarie |
Research by Adam Pincus
January 15, 2018 07:00AM

Clockwise from left: 32 Middle Lane, 7 Olde Towne Lane, 211 Lily Pond and 328 Gin Lane

The priciest home sales in the Hamptons in 2017 lacked the “wow” factor seen in prior years.

While the top 10 mansions all sold for comfortably over $20 million, some had lingered on the market for years, and most had been steeply discounted. One house spent eight years on the market before being bought by the Carter-Knowles family (better known as Beyonce and Jay-Z), while a house that was once listed for $45 million sold for $24 million.

Check out the top 10 residential sales in the Hamptons of 2017 below:

1. 328 Gin Lane, Southampton

Price: $31,000,000

Broker: Sotheby’s International Realty, Beate Moore

Seller: Estate of John F. Poster

Buyer: Gin Lane II LLC

The priciest house on the list belonged to John F. Poster, a car-parts mogul who passed in 2014. The 2,500-square-foot home at 328 Gin Lane in Southampton sold for $31 million, down from an original ask of $39.5 million. The property spans 2.6 acres and has 200 feet of private beach, plus a tennis court and a heated pool. The four-bedroom home was built in 1950, after the original home on the property was destroyed in a hurricane in 1938. Poster paid $175,000 for the home in 1984.

2. 211 Lily Pond Lane, East Hampton

Price: $29,000,000

Broker(s): Sotheby’s International Realty’s Rebekah C. Baker

Seller: Invescorp International LLC

Buyer: Eric and Lori Blatstein

An oceanfront home in East Hampton, which had been rented by Bill and Hillary Clinton in the past, sold for $29 million to businessman Eric Blatstein. The Clintons rented the eight-bedroom home at 211 Lily Pond Lane in 2011 and 2012, when it was listed for rent for $150,0000 a month. In 2015, the owners put the landmarked 10,000-square-foot on the market for $31.5 million. The property comes with 200 feet of ocean frontage and a guest, and the 1920s-era home has nine bathrooms, five fireplaces and a heated pool.

3. 7 Olde Towne Lane, Southampton

Price: $26,000,000

Broker(s): Corcoran Group’s Tim Davis and Gary DePersia; Sotheby’s International Realty’s Harald Grant; Douglas Elliman’s Erica Grossman and Michaela Keszler

Seller: Old Towne Southampton Associates LLC

Buyer: Oldetownhouse LLC

A brand new, 10-bedroom home at 7 Olde Town Lane sold for $26 million in February. The 17,400-square-foot home is part of an eight-lot development, built by Kean Development on a 44-acre property that was once a farm. Kean took it over from East End Development’s Bobby Gianos, a developer who had received the approvals to develop the property back in 2007. A neighboring home in the development, 9 Olde Town, is on the market asking $39 million, down from $45 million.

4. 81 Briar Patch Road, East Hampton

Price: $25,925,000

Broker: Compass’ Lori Schiaffino

Seller: MMR Real Estate Holdings LLC

Buyer: Briar 81 LLC

Queen Bey and Jay-Z are the illustrious buyers of a 12,000-square-foot home in East Hampton for $29.5 million, their first purchase in the Hamptons. The seven-bedroom home at 81 Briar Patch Road spent eight years on the market before the sale to the Carters, and started with a $39.5 million asking price. It is known as the Pond House and the previous owners had it rotated 90 degrees to maximize sunset views.

5. 32 Middle Lane, East Hampton

Price: $25,000,000

Broker(s): Douglas Elliman’s Paul Brennan and Ronald White

Seller: Estate of Texas financier Daniel Breen

Buyer: 32 Middle Lane LLC

An East Hampton home built by a starchitect of the 1930s came in fifth with a $25 million price tag. The 8,268-square-foot home at 32 Middle Lane also sat on the market for a while, starting at $38.5 million in 2012. The six-bedroom home sits on more than five acres of land, and comes with a pond, a guest house and a pool. It was built in 1931 by Aymar Embury II, who worked on several New York City landmarks like the Central Park Zoo, the Prospect Park Zoo and McCarren Park.

6. 1510 Meadow Lane, Southampton

Price: $24,600,000

Broker: Corcoran Group’s Tim Davis

Seller: Lynne Pasculano

Buyer: Never Squabble LLC

A three-acre property with views of both the Atlantic Ocean and Shinnecock Bay sold for $24.6 million. The six-bedroom home on the property was built by Francis Fleetwood in 2000, and spans 5,500 square feet. The listing describes the house as “party-friendly” with an ocean-facing bluestone terrace that’s perfect “to en enjoy lobster rolls, clam bakes, and cocktails.” Sounds fun!

7. 500 Captain Neck Lane, Southampton

Price: $24,000,000

Broker(s): Sotheby’s International Realty’s Ritchey Howe and Molly Ferrer

Seller: Captains Neck LLC

Buyer: 500 CPL LLC

This 6.6-acre property comes with a main home, several cottages, and a dock with creek access. The buyer dropped $24 million for the property, which comes with 13,000 square feet of living space, 10 bedrooms and 11 bathrooms. It was listed for $35 million in 2016 and was last listed for $27.5 million. The seller was the estate of Todd Goodwin, a former partner at private equity firm Gibbons, Goodwin, van Amerongen. He died in April 2017.

8. 101 Pheasant Lane, Southampton

Price: $24,000,000

Broker(s): Douglas Elliman’s Erica Grossman and Michaela Keszler; Sotheby’s International Realty’s Harald Grant

Seller: Murray Marie and Sh (2014) LLC

Buyer: Caymus LLC

A nine-bedroom spec house across two acres of land in Southampton sold for $24 million. The property comes with 15,700 square feet of living space, and is located on the Murray compound. On the landscaped grounds is a tennis court, pool house and infinity pool. The seller was Sbarro’s pizza heir Anthony Sbarro.

9. 316, 318, 320, 324, 334 Cobb Road, Water Mill

Price: $23,500,000

Broker(s): Bespoke Real Estate’s Zachary Vichinsky and Cody Vichinsky

Seller: Maran family

Buyer: 316 Cobb Road LLC, 318 Cobb Road LLC, 320 Cobb Road LLC, 324 Cobb Road LLC, 334 Cobb Road LLC

A buyer picked up six lots on Cobb Road in Water Mill for $23.5 million spanning a total of 4.6 acres. It appears to be the same buyer who bought an additional three lots along Cobb Road in 2015 for $27 million, at least one of which, 328 Cobb Road, is an oceanfront property with a 7,000-square-foot home.

10. 500 Old Town Road, Southampton

Price: $22,150,000

Broker(s): Bespoke Real Estate’s Zachary Vichinsky and Cody Vichinsky

Seller: 500 Old Town LLC

Buyer: Otr Property LLC

This seven-bedroom, brand-new home on two acres of land sold for $22 million. On the grounds at 500 Old Town Lane, there is a tennis court, pool and two cabanas, and the home comes with views of the ocean and Old Town Pond. The seller bought the previous home for just $6.7 million in 2013. The buyer appears to be real estate investor David Luski, president of DRE Advisors.

Hamptons top residential sales of 2017
RankAddressPriceSale dateListing brokerageSellerBuyer
1328 Gin Lane, Southampton$31 millionMay 3, 2017Sotheby's International Realty, Beate MooreEstate of John F. PosterGin Lane II LLC
2211 Lily Pond Lane, East Hampton$29 millionSeptember 11, 2017Sotheby's International Realty's Rebekah C. BakerInvescorp International LLCEric and Lori Blatstein
37 Olde Towne Lane, Southampton$26 millionFebruary 2, 2017Corcoran Group's Tim Davis and Gary DePersia; Sotheby's International Realty's Harald Grant; Douglas Elliman's Erica Grossman and Michaela KeszlerOld Towne Southampton Associates LLCOldetownhouse LLC
481 Briar Patch Road, East Hampton$25.925 millionAugust 15, 2017Compass' Lori SchiaffinoMMR Real Estate Holdings LLCBriar 81 LLC
532 Middle Lane, East Hampton$25 millionApril 14, 2017Douglas Elliman’s Paul Brennan and Ronald WhiteEstate of Texas financier Daniel Breen32 Middle Lane LLC
61510 Meadow Lane, Southampton$24.6 millionMay 26, 2017Corcoran Group's Tim DavisLynne PasculanoNever Squabble LLC
7500 Captains Neck Lane, Southampton$24 millionDecember 19, 2017Sotheby's International Realty's Ritchey Howe and Molly FerrerCaptains Neck LLC500 CPL LLC
8101 Pheasant Lane, Southampton$24 millionOctober 18, 2017Douglas Elliman's Erica Grossman and Michaela Keszler; Sotheby's International Realty's Harald GrantPizza heir Anthony SbarroCaymus LLC
9316, 318, 320, 324, 334 Cobb Road, Water Mill$23.5 millionApril 26, 2017OFF MARKET: Bespoke Real Estate's Zachary Vichinsky and Cody VichinskyMaran family316 Cobb Road LLC, 318 Cobb Road LLC, 320 Cobb Road LLC, 324 Cobb Road LLC, 334 Cobb Road LLC, 336 Cobb Road LLC
10500 Old Town Road, Southampton$22.15 millionMarch 8, 2017Bespoke Real Estate's Zachary Vichinsky and Cody Vichinsky500 Old Town LLCOtr Property LLC
11675 Hedges Lane, Sagaponack$21 millionSeptember 1, 2017Saunders & Associates' Lilly de la Motte675 Hedges Land LLCHLP LLC
121285 Flying Point Road, Southampton$20.5 millionMay 25, 2017Douglas Elliman' Lynda Packard; Saunders & Associates' Alfredo Barreto; Corcoran Group's Gary DePersiaMelinda Cheng Ooi Ling, Tony Cheng Siu WingLewis And Clark LLC
1397 Mid Ocean Drive, Bridgehampton$19.5 millionDecember 29, 2017Bespoke Real Estate's Zachary Vichinsky and Cody Vichinsky97 Mid Ocean LLCn/a
1455 Trees Lane, Sagaponack$18.325 millionJune 1, 2017OFF MARKET: Bespoke Real Estate's Zachary Vichinsky and Cody Vichinsky55 Trees LLC55tl LLC
15138 Seascape Lane, Sagaponack$16.85 millionJuly 20, 2017Bespoke Real Estate's Zachary Vichinsky and Cody VichinskyChristian and Marie NagelSeascape Carey LLC
Source: The Real Deal analysis of PropertyShark data, public listings, news articles and industry sources.

Correction: Due to a research error, the listing agents were incorrectly identified in 500 Old Town Road. The correct agents are Bespoke Real Estate’s Zachary Vichinsky and Cody Vichinsky. In addition, Michaela Keszler was left off as an agent on 101 Pheasant, and has been added.