Divorce lawyer sells Bridgehampton home for $45M

Seller bought property on Sagaponack Pond in 2004

Bridgehampton, NY (Google Maps)
Bridgehampton, NY (Google Maps)

The seller of a five-acre property in Bridgehampton knows a little something about letting go.

Divorce lawyer Irving Shafran parted with his Hamptons property for around $45 million, the Wall Street Journal reported. Shafran and his late wife, book editor Judith Shafran, purchased the property in 2004 for $10 million.

The couple built a 7,500-square-foot home, located on Sagaponack Pond. The main house is sited on approximately four acres, leaving another available as a buildable lot.

The deal took place off-market, so specifics about the property and the identity of the buyer are unclear. The transaction was brokered by Christopher Covert of Compass and Hedgerow Exclusive Properties.

Shafran is no stranger to big Hamptons sales, involved in another one a decade ago. In 2012, an anonymous LLC purchased the vacation home at 43 Surfside Drive in Bridgehampton, weeks after the Shafrans and their daughter, Pamela Schein, began shopping the property.

The 11-bedroom property sold for $27.5 million. The family bought the oceanfront estate for $13.8 million in 2005.

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Around the same time the Shafrans were selling at 43 Surfside Drive, Schein was buying right down the road. With her husband, celebrity chef Marc Murphy, Schein paid $13 million for the “Windmill House” at 95 Surfside Drive in April 2012. The seller was Douglas Elliman agent Allison Diana. That home had an intriguing rental history, occupied by the Clintons for a month in 2010.

The mid-$40 million mark has become a prominent price point for recent Hamptons sales and listings.

Last month, a Meadow Lane property in Southampton hit the market for $46 million. The property includes a tennis court double-dune protection, intended to provide the owners some respite from storm surges.

Days later, the Southampton home belonging to the widow of famed art dealer Frank Lloyd hit the market at a similar price of $45 million. The property, which includes 190 feet of ocean frontage, was purchased a quarter century ago for $6.5 million.

— Holden Walter-Warner