These 10 deals led the Hamptons market boom in 2021
Estates of Henry Ford II and Calvin Klein topped this year’s list
Keeping up with the biggest sales in the Hamptons is no easy feat. The area enjoyed a post-lockdown boom courtesy of the pandemic, as well-heeled New Yorkers fled the city. So many new buyers flocked to the area, in fact, that they poached future sales, depleting the supply of homes available. That, in turn, spurred bidding wars that drove prices to new heights.
The top 10 deals amassed a grand total of $607 million, roughly 35 percent more than last year’s. Below are the biggest Hamptons sales of 2021, as of Dec. 6.
90 Jule Pond Drive | $105 Million
The sellers of the former estate of Henry Ford II had their sights set on making Hamptons history. They listed the Water Mill home at $175 million, well above the Hamptons record of $147 million for a residential sale. The 20,000-square-foot home closed at $70 million below its initial asking price and $40 million below its final one.
Still, at $105 million, the deal was the year’s biggest. The home features 12 bedrooms and 12 bathrooms as well as tennis and basketball courts, access to three ponds and other amenities. Zachary Vichinsky of Bespoke Real Estate, Ellen Stern of William Pitt and Julia Fee of Sotheby’s International Realty had the listing.
75 West End Avenue | $85 Million
The sale price of the eight-and-a-half acre estate that belonged to fashion mogul Calvin Klein represented a huge leap from the $3.6 million he paid in 1987 to buy the property from the son of Pan American World Airways founder Juan Trippe. The East Hampton home spans 10,176 square feet and includes a pool and boathouse that Klein and his now ex-wife added during their time there.
840 Meadow Lane | $70 Million
This Southampton property sits on eight acres, spans 22,000 square feet and includes 15 bedrooms, 500 feet of beach frontage, a pool and a tennis court. Tim Davis of the Corcoran Group had the listing.
With an exclusive address like Meadow Lane, it’s no surprise that the home made the top three. Other trophy homes on the strip include 700 Meadow Lane, which at $175 million is one of the most expensive listings in the U.S.
30 Spaeth Lane | $60 Million
The most expensive home sold in the early part of the year, this East Hampton property on eight acres closed in March after a couple of price cuts. With a gross floor area of 15,421 square feet, it has six bedrooms and five bathrooms. Its previous owner was Life Savers heiress June Noble Smith Larkin Gibson, who died last year at age 98. Brown Harris Stevens’ Peter Turino and Chistopher Burnside were the listing agents.
70 Further Lane | $59 Million
Just a few lanes down, this East Hampton mansion sold in an off-market sale that closed in February. Rumor has it that the seller was Jim Chanos, owner of Kynikos Associates and also known as the “Darth Vader of Wall Street.” The estate, which sits on three acres, includes a tennis and basketball court, but its value is all about the ocean. Hedgerow Exclusive Properties represented the buyer, and Brown Harris Stevens’ Peter Turino represented the seller.
442 Further Lane | $55 Million
This East Hampton home sold above its $53 million asking price — unusual at this price range — when it closed in December. The home, which sits on the same street as those owned by Jerry Seinfield and Lorne Michaels, was snapped up in less than a month, the New York Post reported. The 6,100-square-foot home sits on four acres. Hedgerow Exclusive Properties represented the seller and Douglas Elliman’s Catherine Juracich represented the buyer.
38 Mathews Road | $47 Million
The sellers of this estate may not have gotten as much as they wanted, but still managed to land a nice chunk of change. The 25-acre estate, which was listed for $95 million five years ago, had its price halved by the time the sale closed in April. The seller of the 18,000-square-foot Wainscott residence was the Stewart J. Rahr Foundation, whose founder transferred ownership to the charity in 2015. Bespoke Real Estate represented the seller and Compass represented the buyer.
115 Beach Lane | $45 Million
In another windfall for Bespoke Real Estate, the sale of this 11,000-square-foot mansion in Wainscott closed in November. The home is rumored to be a filming location for HBO’s hit series Succession, according to Curbed. The 72-foot pool is among its best features. Bespoke Real Estate had the listing.
40 Meadow Lane | $43 Million
In another major sale on the illustrious Meadow Lane, New England Patriots owner Robert Kraft secured this home in a $43 million off-market deal in April. The home, which belonged to former HFZ Capital executive Nir Meir, was previously caught up in litigation between Meir, the development firm’s founder Ziel Feldman and HFZ’s creditors. Hedgerow Exclusive Properties had the listing.
260/264 Jobs Lane | $38 Million
Not much is known about this off-market deal. The combined property sits on nearly 5 acres and has eight bedrooms and 10 bathrooms. Spanning 11,000 square feet, it also features a pool, media room, private dock, 200 feet of frontage on Swans Creek and views of Mecox Bay and the Atlantic Ocean. Hedgerow Exclusive Properties had the listing.