Music executive ponies up for Sagaponack lot listed at $7M

Sagaponack might have one of the priciest streets on the East End, in Parsonage Lane, but there are still some moderately priced deals out there for high-end home buyers. Among them are music executive Cliff Chenfeld and his wife, Chana, who paid $6.3 million to acquire a 1.75-acre property in Sagaponack, 27east reported. The couple, who have reportedly had success flipping Manhattan real estate, bought a home at 778 Sagg Main Street that had most recently been listed with the Corcoran Group’s Susan Breitenbach at nearly $7 million following previous price reductions. The 2,500-square-foot residence, built in 1957, has five bedrooms and three bathrooms, although 27east noted that the listing for the property suggests new owners might want to pursue new construction. The home is within walking distance of the beach, as well as 610 Sagg Main Street, most recently listed at $9 million, and which 27east reported has been sold for $7.5 million to a limited liability company. [27east]