Sono Osato’s former Bridgehampton home sells for $26M after price cut

The onetime waterfront home of late ballerina Sono Osato in Bridgehampton has sold for $26 million, Mansion Global reported. The final sales price for the property, which went to contract last month, is $8 million less than its most recent $34 million ask. The home at 286 Quimby Lane was first listed for $37 million in March 2018. The buyer, whose identity has not yet been revealed, plans to demolish the 102-year-old home on the property. The 7,200-square-foot residence has five bedrooms, six bathrooms and two half-bathrooms, a relatively modest footprint compared to the twice-as-large home that could be built on the site under current zoning laws. “It was a conundrum for a lot of people who saw the house,” the property’s listing agent, Deborah Srb of Sotheby’s International Realty, told Mansion Global. “It wasn’t oriented to the way that people want to use the space today.” The new owners, represented by Bespoke Real Estate, plan to repaint the home and use it as a summer house until they can secure permits for a more modern construction. Mansion Global noted that the sale is one of the priciest of 2019 in the Hamptons, where high-end home sales have fallen when compared to previous years. [Mansion Global]