Twenty-seven contiguous acres of farmland just became available in Bridgehampton. But the asking price is anything but small potatoes.
The land at 181 and 305 Halsey Lane — part of Topping Farm — was listed for $70 million, Behind the Hedges reported. It is the most expensive vacant property for sale on the East End, and is being marketed as an opportunity to build seven or eight estates or one gigantic, single-family compound.
The land has already been cleared.
A conceptual subdivision plan splits the land into two parcels, fit for the development of seven or eight lots of 1.7 acres to 2.8 acres. That’s enough for what Bespoke Real Estate, the listing broker, called the “full program” — a mansion, pool house, pool and tennis court.
The land is south of the highway and close to Bridgehampton’s downtown, both selling points in the Hamptons. It’s about a mile from Main Street and fewer than three miles from several beaches, including Mecox Beach and Ocean Road.
Limited liability companies have owned the land for 14 years. Prior to that, it belonged to Raymond Topping Sr. — hence the name Topping Farm. He died 10 years ago.
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In Bridgehampton, owners occasionally put large parcels of farmland up for sale in the hopes of enticing a developer. They don’t always fly off the shelves.
A year ago, Lloyd Zuckerberg of Samson Investment Partners put the undeveloped 18-acre land known as Millstone Hill Farm up for sale, asking $21.9 million. Each of six lots are cleared for construction of a house with a pool and a tennis court.
The listing remains active.
— Holden Walter-Warner