Bridgehampton spec home listed for $80M
Massive estate expected to be completed in December
A home on Surfside Drive in Bridgehampton hasn’t even been built yet, but it’s already one of the priciest listings on the East End.
The spec home at 165 Surfside Drive is on the market for $80 million, Behind the Hedges reported. The property is expected to be completed by the end of the year.
Farrell Companies is building the home and designing the interior, while Will Minnear Architect is designing the house’s structure. It sits on a 1.5-acre parcel with 125 feet of Atlantic Ocean frontage.
The home will span 8,600 square feet with eight bedrooms and eight-and-a-half bathrooms. Much of the living space will be open-concept and a floating staircase will take residents up to the second floor.
The roof will feature a 4,500-square-foot terrace with a putting green, bar, dining area and miniature spa. There are plans for an attached six-car garage, a heated gunite pool and spa oceanside and a private boardwalk leading to the beach.
Bespoke Real Estate has the listing.The firm did not respond to a request for comment.
While that’s a hefty price for a home that’s still under construction, it’s not uncommon for such properties to be marketed before they’re finished. One reason is to allow for changes or customization by buyers. It also enables developers to more quickly pay off project loans, which rack up interest as giant properties linger on the market. Some can take years to sell.
This particular property went into contract to an undisclosed buyer at a $25 million ask a mere nine months ago. There was a smaller home sitting there at the time; one theory is the buyer swooped in, demolished the home and set out to build something much bigger.
— Holden Walter-Warner