The Real Deal New York

Empty Sagaponack parcel trades for $11.25M, topping recent nearby sales

March 13, 2019 02:52PM

An empty property at 24 Fairfield Pond Lane spanning 4.34 acres sold in February for $11.25 million, 27east reported. The buyer is listed as Elle Mara Sagaponack Holdings LLC. Bates Masi Architects has already reportedly designed a 12,000-square-foot estate for the property with seven bedrooms, eight bathrooms, a three-car garage, a guesthouse, tennis court and a pool with a pool house. Bryan Midlam of Compass had the listing, which 27east noted topped the recent $9.68 million sale of 840 Sagaponack Main Street. That 3.3-acre property came on the market in September 2017 with a nearly $15 million price tag, but it was cut down over time, according to Curbed. The Corcoran Group’s Susan Breitenbach had the listing for the 9,200-square-foot home, which was built in 2003 and has eight bedrooms, eight bathrooms, two half bathrooms, a formal dining room, chef’s kitchen, a playroom and a gym. The grounds include a pool, outdoor kitchen, fire pit and a pool house, as well as an orchard growing blueberries and raspberries. Elsewhere in Sagaponack, 27east reported that a 8,000-square-foot shingled home at 34 Herb Court sold earlier this year for $5.7 million. Vincent Horcasitas of Saunders & Associates had the listing for the property, which has six bedrooms, seven-and-a-half bathrooms, coffered ceilings, a theater, gym, wet bar with granite countertops and a heated pool. [27east]