Oceanfront Hamptons home sells for $7M below ask

Home in exclusive Wainscott sold to LLC for $30M

Tri-State /
Mar.March 30, 2022 03:01 PM
38 Association Road in Wainscott (Zillow, iStock, Illustration by Shea Monahan for the Real Deal)

38 Association Road in Wainscott (Zillow, iStock, Illustration by Shea Monahan for the Real Deal)

A waterfront Hamptons home watched $7 million wash away during its time on the market.

A Wainscott home asking $37 million recently sold for $30 million, Dirt reported. The home at 38 Association Road went into contract about four months ago. The sellers of the estate were Frederic and Robin Seegal, according to Dirt, while the anonymous buyer was shielded by an LLC.

The estate includes two oceanfront acres with views of both the Atlantic Ocean and Georgica Pond. The home is slightly larger than 6,500 square feet and has five bedrooms, five bathrooms and one half bathroom.

Three of the home’s bedrooms are on the first floor. Two bedrooms have French doors that open to a covered porch; a third bedroom has a private entrance with access to a pool.

The first floor also includes staff quarters with a separate entry and full bathroom, a living room, a mud room and a laundry room. The home’s primary bedroom includes two walk-in closets and water closets, sporting views of the ocean and pond.

The estate is one of Wainscott’s seven oceanfront properties.

The property used to have the former guesthouse of the Kilkare estate, built in 1877, and was featured in the film “Eternal Sunshine of the Spotless Mind.” According to Dirt, the Seegals purchased two of the estate’s original five-plus acres in 2001, proceeding to raze the guest cottage to make way for a home designed by Shope Reno Wharton.

Bespoke RE and Ed Pertie of Compass held the listing, according to Dirt. Wainscott only has seven oceanfront properties, four of which have been sold by Bespoke since 2020.

Another home in Wainscott traded hands last year for a similar discount from its asking price. A mansion that appeared in the third season of HBO’s “Succession” was sold by aerospace and military weaponry businessman David Susser and his wife, Marla, for $45 million. The 11,000-square-foot home was listed by the couple for $52 million.

[Dirt] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    Anthony "Fat Tony" Salerno and the Rhinebeck horse farm (Hudson Modern, Getty)
    Rhinebeck farm once owned by mob boss lists for $1.5M
    Rhinebeck farm once owned by mob boss lists for $1.5M
    Long Island Board of Realtor's Tessa Hultz (LIRealtor.com, HomeForAllOfUs.org, iStock)
    How not to discriminate: Long Island Realtors launch fair housing effort
    How not to discriminate: Long Island Realtors launch fair housing effort
    A photo illustration of the Ram's Head Inn at 107 South Ram Island Drive in Shelter Island Heights (LoopNet, iStock)
    On the dock-et: Shelter Island inn owner sues town
    On the dock-et: Shelter Island inn owner sues town
    Julia Koch and 840 Meadow Lane in Southampton (Getty Images, Tim Davis/Corcoran)
    Julia Koch revealed as buyer of dated $70M Southampton estate
    Julia Koch revealed as buyer of dated $70M Southampton estate
    Friends of Bay Street Chairman Adam Potter and rendering of new affordable housing and commercial space (LinkedIn, BHC Architects, Illustration by Kevin Cifuentes for The Real Deal)
    Affordable housing project proposed for Sag Harbor
    Affordable housing project proposed for Sag Harbor
    Sophocles Zoullas and 275 Ox Pasture Road in Southampton (Getty Images, Harald Grant Real Estate, iStock)
    ‘Tenacre’ estate is only 3 acres, but lists for $25M
    ‘Tenacre’ estate is only 3 acres, but lists for $25M
    Mariano Rivera and 1 Brook View Lane in Rye (Getty Images, Compass, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
    Exit Sandman: Mariano Rivera closes sale of Rye mansion for $2M loss
    Exit Sandman: Mariano Rivera closes sale of Rye mansion for $2M loss
    95 Conant Valley Road, Pound Ridge (Zillow)
    Pound Ridge home sells for more than twice its ask after bidding frenzy
    Pound Ridge home sells for more than twice its ask after bidding frenzy
    arrow_forward_ios

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

    Loading...