Steve Roth Seeks $20M for East Hampton Home

Steve Roth is moving on up and out, listing his longtime East Hampton digs with a nearby mansion waiting.

The Vornado Realty Trust CEO and his wife, Broadway producer Daryl, listed the four-bedroom, five-bathroom property at 107 Apaquogue Road they have owned since 1994, Curbed reported. The property, listed with Compass’ Petrie Team, hit the market with an asking price of $19.5 million.

The home is situated on a landscaped 1.35 acres, which also include a “pool large enough to do laps in” and a guesthouse. The couple bought the estate in 1994 for $3.5 million, according to property records obtained by the outlet.

The Roths could be headed to another East Hampton mansion, a Tudor-style pad they own at 23 Hedges Lane. Built in 1929, the home has eight bedrooms, seven and a half bathrooms and is situated on five acres with a pond, arbor, tennis court and basketball court.

Roth bought the property in 2015 for just over $22 million before commencing with renovations. The developer used an LLC for the purchase, but was revealed as the buyer in a 2019 zoning meeting that granted permission for to proceed with improvements on an accessory dwelling unit, basketball court and other features on the grounds.

The couple previously sold Bernie Madoff’s former Hamptons home, after four years of trying and $7 million in price cuts. The former Ponzi schemer’s property at 216 Old Montauk Highway, which underwent a renovation by famed architect Thierry Despont, traded for $14 million in a sale benefitting victims of the disgrace financier.

East Hampton last month saw its highest summer listing by Ann Tenenbaum, a venture capital investor, philanthropist and widow of late financier Thomas Lee. The property at 43 East Dune Lane hit the market for $120 million, ahead of last year’s top Hamptons sale which at $112 million, nabbed the market’s highest sale in nine years.

— Christina Previte