Sale prices at the top of the Hamptons market dropped this year, but that doesn’t mean there were bargains to be had.
The 10 most expensive homes sold for a combined $550 million, a 9 percent decrease from last year’s $607 million. The big difference in 2022: No home topped the $100 million mark, as 90 Jule Pond Drive did last year.
Here were the top 10 home sales in the Hamptons this year through Dec. 1.
153 Lily Pond Lane | $84.5 million
Ron Perelman, who in the 1980s was the richest man in America, parted with this East Hampton home at a steep discount to his 2021 asking price of $115 million. The estate has nine acres of beachfront land and an 11,500-square-foot mansion with 10 bedrooms and 15 bathrooms. The grounds include a tennis court, pavilion, pool and pool house. The identity of the buyer was not disclosed.
Though Perelman’s net worth was estimated at $20 billion in 2018, he began selling off assets as the stock price of his cosmetics company, Revlon, fell to $4 from $24 in 2020. It bounced back to nearly $16 but, with the firm in bankruptcy, has since plunged again to about 50 cents. Perelman’s assets were pegged at just $1.8 billion in August.
Perelman is seeking $180 million for his more famous Hamptons estate, The Creeks, and $75 million for his connected Upper East Side townhouses.
160 Ox Pasture Road | $70 million
It took over a decade to sell, but Southampton’s Linden Estate eventually fetched the highest price ever for a non-waterfront home in the Hamptons. The sprawling property includes a 60-foot pool, tennis court and two detached garages. It also has a carriage house and attached greenhouse with gardens designed by Frederick Law Olmsted.
The sellers were billionaire fashion mogul Jurgen Friedrich, who founded the European branch of Esprit Holdings, and his wife, Anke Beck-Friedrich. They bought the property in 2002 for $8.5 million and spent tens of millions on renovations.
The couple listed the property in 2008 for $60 million. It went into contract in 2012 for $49 million, but the deal fell through and the property was listed in 2013 for $45 million.
1080 & 1100 Meadow Lane | $66.2 million
Alibaba executive Michael Evans and his wife Lise Evans took a stinging loss on two properties they bought as part of an assemblage from entertainment titan Robert Sillerman in 2014 and 2016 for $114 million.
The properties span more than eight oceanfront acres and include several houses, a pool, and multiple putting greens. One property sold for $33.8 million and the other for $32.5 million to an undisclosed buyer. The asking price for the two was $78 million.
Evans previously listed the entire 14-acre estate for $150 million in 2017.
7 Fairfield Pond Lane | $50 million
When this contemporary style mansion in Sagaponack sold for $50 million in March, it was the second most expensive Hamptons sale of the young year. The 10,000-square-foot home, built on 3.15 acres, has eight bedrooms, 10 bathrooms and 300 feet of ocean frontage. It was designed by Bates Masi Architects and built in 2012. It also has an oceanside pool, garage, pool house and tennis court.
The seller and the buyer were masked by limited liability companies.
1116 Meadow Lane | $48 million
This Southampton estate, which sold for the third time in eight years, got about $9 million over its asking price and netted the anonymous seller $12 million more than the last purchase price.
The property, another former Robert Sillerman home, is 13,000 square feet and has eight bedrooms, 9.5 bathrooms and 200 feet of oceanfront. It also has an oceanside pool.
Sillerman put the property up for sale in 2014 for $39 million, along with five other properties.
194/218 Meadowlark Lane | $45 million
Not much is known about these two properties, which flew under the local media’s radar when they sold together for $45 million. The lots on Sagaponack Pond in Bridgehampton appear to contain two houses. One is a six-bedroom, four-bathroom, 7,500-square-footer, and the other a two-bedroom, two-bathroom, 2,000-square-footer, according to Redfin and Zillow. The two websites estimate their combined value to be just $15 million, which might help explain why iBuying hasn’t taken off in the Hamptons.
35 Potato Road, 543 Daniel’s Lane | $45 million
These adjacent parcels in Sagaponack nearly got their full $48 million asking price as they were scooped up before they officially hit the market. The sale took place in the “pre-marketing” phase, indicating a motivated buyer.
The four-acre oceanfront estate includes an oversized lot with two 1980s-era homes and an undeveloped lot across the street, which isn’t on the water. The buyer can build a 7,000-square-foot home on that lot and add a pool and tennis court.
11 Beach Plum Court | $42 million
Hedge fund manager Adam Levinson sold his Napeague estate as part of what appears to be a move to the West. The house, near the border of Amagansett, is reportedly the first black-cedar home built in the Hamptons.
Its 10,000 square feet include seven bedrooms and a privately commissioned piece of art by Jenny Holzer with LED installations of scrolling text around the outside.
The home is solar powered and geothermally cooled and has radiant floor heating. It’s split into two pieces running parallel to the shoreline, connected by a glass-wall bridge.
Levinson may be putting down roots in California, based on his recent purchase of a Bel-Air mansion.
10 Tyson Lane | $37.1 million
This East Hampton property was sold by fashion designer Helmut Lang and has three buildings, including a guest house and garage, on 1.6 acres, the Wall Street Journal first reported. The property was sold to Lang’s neighbor Howard Marks, the co-founder of Oaktree Capital Management, an asset management company. Lang’s other neighbor, John B. Hess, CEO of Hess Corp., reportedly bought the adjacent property at 8 Tyson Lane for north of $30 million.
199 Coopers Neck Lane | $32.2 million
David Walentas, whose Two Trees Development transformed Brooklyn’s Dumbo neighborhood, sold his mansion at 199 Coopers Neck Lane to Slack co-founder and CEO Stewart Butterfield and Away co-founder and CEO Jen Rubio.
Walentas said he would donate proceeds from the sale to his alma mater, the University of Virginia, for which he had pledged $100 million.
Walentas bought the century-old, 17,000-square-foot home in 2019 with his late wife Jane for $11.6 million. He undertook a $10 million renovation which included higher ceilings, larger windows, a four-car garage, a pool house, a solarium and a greenhouse.
The home has 11 bedrooms, 12 bathrooms and a tennis court. Bespoke Real Estate and Brown Harris Stevens’ Christopher Burnside marketed the property and Sotheby’s International Realty’s Harald Grant represented the buyers.
325 Bluff Road | $32 million
The home at 325 Bluff Road in Amagansett is set back 900 feet from the street, giving it unparalleled privacy, according to Behind The Hedges. Situated on 2.6 acres, it’s one of the few non-historic homes in the area. It sold in an off-market transaction and sold for the same price as Bridgehampton’s 249 Surfside Drive, a 6,400-square-foot, six-bedroom house.