The Real Deal New York

These Southampton properties are now listed as a huge $73M compound

The properties were previously listed separately
January 31, 2019 05:00PM

660 Halsey Neck Lane (left) and 359 Meadow Lane in Southampton (Credit: Google Maps)

Two Southampton properties are now being sold as one massive compound — with the sky-high price tag of $72.5 million.

The properties at 359 Meadow Lane and 660 Halsey Neck Lane came on the market at different times over the last two years, Curbed reported. Now they’re being marketed together by Bespoke Real Estate as a compound that spans 12.2 acres.

Previously the Meadow Lane property was asking $37.5 million and the Halsey Neck Lane one was asking $35 million. The compound spans about 15,700 square feet — including 15 bedrooms, two separate guest homes, two pool houses and three garages. There’s about 700 feet of direct water frontage.

The Meadow Lane property was last purchased in 1998 for $1.66 million, the report said. The Halsey Neck property, known as Four Fountains, was most recently owned by Bruce Bockmann, a managing director at Morgan Stanley.

Buyers may still purchase the properties separately, the report said. Bespoke didn’t immediately respond to request for comment.

The compound is commanding a steep price at time when the Hamptons market has been slowing down. In the fourth quarter, the Hamptons market saw a 35 percent decline in sales versus a year earlier, according to Douglas Elliman. But buyers did opt for higher-priced inventory: The $5 million-plus market saw a smaller decline in sales than other price segments, boosting its share of deals. [Curbed] — Meenal Vamburkar