Investor tries for flip of the year in East Hampton with $72M listing

Tri-State /
Oct.October 06, 2020 04:41 PM
26 & 32 Windmill Lane in East Hampton (Photos via Corcoran)

26 & 32 Windmill Lane in East Hampton (Photos via Corcoran)

A mysterious investor is trying for the flip of the year in East Hampton.

Just six months after buying two estates on Windmill Lane for a combined $45 million, the unnamed owner has listed them for $72 million, according to the New York Post. The main estate is 5.4 acres with a 5,900-square-foot home built in 1989. Next door is a 1.3-acre property with a three-bedroom house. If there’s any time for such a bold flip, it’s now — the pandemic has only made the East End market more competitive. Demand for homes and rentals alike is through the roof. [NYP] — Dennis Lynch


Related Articles

arrow_forward_ios
(Getty)

Westhampton is not primed for Amazon distribution center

Westhampton is not primed for Amazon distribution center
(iStock, Wikimedia Commons)

Suffolk County home sales up 33% from a year ago

Suffolk County home sales up 33% from a year ago
Central Pine Barrens Area (iStock, Central Pine Barrens) 

East Quogue golf, resi development nears approval

East Quogue golf, resi development nears approval
700 Meadow Lane in Southampton and Marcia Riklis (Photos via Bespoke Real Estate; Getty)

Former ad exec asks staggering $175M for Hamptons estate

Former ad exec asks staggering $175M for Hamptons estate
The Water Island home on Atlantic Ocean Walk (Photos via Vinnie Petrarca Real Estate)

Fire Island beach house designed by Paul Rudolph hits market

Fire Island beach house designed by Paul Rudolph hits market
Ziel Feldman and 187 Dune Road (Getty, Google Maps)

HFZ’s Ziel Feldman sells Hamptons home for $50M

HFZ’s Ziel Feldman sells Hamptons home for $50M
Ken Griffin and 650 Meadow Lane (left) and 15 West Dune Lane (Photos via Google Maps; Compass; Citadel)

The 10 priciest Hamptons homes sales of 2020

The 10 priciest Hamptons homes sales of 2020
North Babylon homes listed for sale (Douglas Elliman)

Long Island housing market remains hot as winter sets in

Long Island housing market remains hot as winter sets in
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...