Hedge Funder Seeks Record $153M for Sagaponack Estate

A Sagaponack estate is starting summer with a splash, seeking a Hamptons record

PointState Capital founder Zach Schreiber, who listed his property at 39 Fairfield Pond Lane in Sagaponack for $152.5 million, the New York Post reported. Should the hedge funder score a sale at that price, it would smash the record for a single parcel in the region by nearly $40 million.

The asking price represents $16,000 per square foot.

Schreiber purchased the compound in 2013 for $24 million. The renovated, fully-furnished two-story home includes more than 360 feet of beach frontage, a tennis court, a heated pool and a large great room. There’s a recreational area with a media lounge and a Pilates room with a sauna and spa.

The seven-bedroom, eight-bathroom home has 9,500 square feet of interior space and 2,000 square feet of covered porches.

Compass Real Estate’s Terry Cohen has the listing.

A similar property on the same street underscores the scale of the asking price for the home, which sits on just over three acres. The banner listing down the block, which includes its own 9-hole golf course, is asking just $89 million.

The South Fork is coming off a standout year that featured the region’s first $100 million-plus trade in three years. During the first three months of this year, transactions above $5 million notched a record share of deals in the area, as the median sale price for luxury homes jumped 30 percent to $13 million, according to data from appraiser Jonathan Miller.

The market’s performance intensified at the upper end with sales of $10 million or more generating $560 million in volume during the first quarter, up from $523 million in the same period in 2020, Bespoke’s Cody Vichinsky told The Real Deal in March.

— Holden Walter-Warner