Estate trades for $48M on Meadow Lane — $9M above ask

Home formerly belonged to SFX Entertainment founder Robert Sillerman

Corcoran's Tim Davis with 1116 Meadow Lane (Tim Davis Hamptons)
Corcoran's Tim Davis with 1116 Meadow Lane (Tim Davis Hamptons)

A Meadow Lane home has sold for the third time in eight years, this time fetching one of the top recent prices in Southampton.

An anonymous seller reeled in $48 million for the home at 1116 Meadow Lane, Dirt reported. The property, which was asking only $39 million, sold two years ago for $36 million.

The Corcoran Group’s Tim Davis handled the listing of the eight-bedroom, nine-and-a-half-bathroom mansion, which sold in an off-market deal.

According to Behind the Hedges, there was a 12,000-square-foot home built on the site in 2010 with 200 feet of oceanfront; that is what was sold in 2020. Dirt, however, reported the seller developed the land after making the purchase.

Southampton Architectural Review Board planning notes reveal a shingle-style, Alaskan yellow cedar home with white wood windows and masonry composed of white bricks. The listing puts the home at 12,800 square feet on a 3.7-acre property that includes an oceanside pool, terraces and decks, as well as room for a tennis court.

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The property was once owned by electronic dance music pioneer Robert Sillerman, who founded SFX Entertainment. Sillerman put the property up for sale in 2014 for $39 million, along with five other properties.

Sillerman ultimately sold the Meadow Lane property for $37.5 million. Another one of his former properties, 1080 Meadow Lane, is in contract after being listed at $45 million. Sillerman sold it for $38 million in 2016. Harald and Bruce Grant of Sotheby’s are representing the estate.

A third former Sillerman property on the aptly nicknamed Billionaires’ Row remains on the market. The three-acre home at 1100 Meadow Lane is on the market for $39.5 million.

All three properties were marketed together in 2017 as a 14-acre compound asking $150 million. The year’s most expensive Hamptons listing did not find a taker, though.

— Holden Walter-Warner