search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aBillionaire hedge funder Larry Robbins makes South Florida moveBillionaire hedge funder Larry Robbins makes South Florida moveYellowstone drops approximately $200M on 1740 Broadway debtYellowstone drops approximately $200M on 1740 Broadway debt
Hamptons Newsletter
Tri-State

Sprawling Southampton estate in need of TLC still lists for $75M

22K sf mansion on Meadow Lane "in fair to good condition," broker said

The oceanfront property (Tim Davis Hamptons)
The oceanfront property (Tim Davis Hamptons)

Could a 22,000-square-foot Tudor-style “fixer-upper” be the East End’s priciest deal of the year?

It could if the Carter family’s Southampton estate on Meadow Lane sells near its $75 million asking price, according to the Wall Street Journal.

The 8-acre property includes the mansion dating to the late 1920s. Listing agent Tim Davis with Corcoran Group said the 15-bedroom home is in “fair to good condition” and expects any buyer to take up an extensive renovation.

Sign Up for the undefined Newsletter

So far the priciest deal of the year was the $60 million sale of 20 Spaeth Lane in March.

The Meadow Lane estate has 500 feet of beach frontage, and the property includes a beachfront deck, pool and tennis court.

The mansion’s owner is an LLC tied to the family of the late Julia Vance Carter. She died in 2014, and the  home has been in the family for decades.

[WSJ] — Dennis Lynch

Tags
HamptonsSouthampton