Parsonage Lane dubbed Hamptons’ priciest street in 2018

Sagaponack’s Parsonage Lane had the highest median home sale price of every street in the Hamptons last year, far surpassing Amagansett’s Atlantic Avenue, which had a median home sale price of $3.4 million, according to data released by PropertyShark. The real estate database noted the street in the Southampton hamlet was vaulted into the top spot by some celebrity home sales, such as the mansion at 550 Parsonage Lane designed by veteran Hamptons homebuilder Jeffrey Collé. The home, built in 2007, initially came on the market for nearly $25 million, but ultimately traded at $16 million. On the same street, 432 Parsonage Lane, which once hosted Justin Bieber, sold for $10.6 million. Parsonage Lane’s median home price of $15 million — home valuations in Sagaponack have soared in recent years — was far higher than the roughly $1 million for the Hamptons overall. The luxury home sale market remained strong, ending last year with a median sales price of $7.85 million, a nearly 37 percent rise over the same time in 2017. Bridgehampton’s Jobs Lane came second on PropertyShark’s list with a median home sale price of $10.9 million, while Captains Neck Lane in Southampton followed at nearly $8.63 million. Old Montauk Highway in Montauk, the stretch of land where financier Michael Goodwin Jr. unloaded an oceanfront home last summer for $22.8 million, took the fourth spot with a median price of $7.85 million. Coming in at No. 5 on Property Shark’s list is East Hampton’s Further Lane, where the median sale price was $7.25 million. The street also had the most expensive home sale on the East End last year at 290 Further Lane, which went for $40 million. [PropertyShark]