2011 was anything but a banner year for real estate in America, and although many reports hailed the strength of the luxury real estate market, in many regions facts are hard to come by. The biggest sale of 2011 in the Hamptons didn’t even come close to the biggest in 2010, which raked in a whooping $43.5M.
As a matter of fact, the most expensive home sold in the year that just ended would have only grabbed 3rd spot in 2010. However, this doesn’t necessarily mean that 2011 lacks any spectacular transactions, on the contrary. Here’s a top 10 of the most expensive homes sold in 2011.
1. 1280 Meadow Lane, Southampton
The most expensive home transactioned in the Hamptons in 2011 sold for $25M on June 1st. According to Curbed, the impressive oceanfront mansion was designed in 1930 by architect Leroy P. Ward in a French provincial style with incredible attention to detail.
2. 137 Crestview Lane, Sagaponack
This house in Sagaponack was originally listed in August 2010 for $26.75M, according to Newsday. The house sits on 2.4 acres of oceanfront property and features an infinity pool, two laundry rooms and a guest cottage. Our records indicate that the (now) previous owners put down $18M back in 2007 to acquire the property before deciding to list it for sale three years later. The property finally sold for $24M on September 2nd, 2011.
3. 5 Eel Cove Road, East Hampton
Curbed revealed that the seller of this property was none other than Robert Benton, movie writer and director. He was one of the writers of 1978’s ”Superman” and writer and director of ”Kramer vs. Kramer”. With the latter, he won the Oscar for best director in 1980. Originally listed with an asking price of $29,900,000 on July 13th, 2010, the property finally sold on November 17th, 2011 for $23M.
4. 96 Meadow Lane, Southampton
This impressive home sits on the Atlantic oceanfront and it sold on October 21st for $21.6M. The home itself was custom built in 2009, but the lot was purchased back in 2005 for $10M. The property was first listed on May 24th, 2011 with an asking price of $26.9M, before it was snatched up by an undisclosed buyer through Seacret LLC in October 2011.
5. 1251 Ocean Road, Southampton
Closing off the top 5 is the property located at 1251 Ocean Rd, Southampton, which sold on March 30th for $20.5M. It was allegedly bought by the TV star Donny Deutsch through an LLC, 1251 Ocean Road LLC.
Finally, here’s the complete top 10 of the biggest single-family sales in the Hamptons in 2011:
|Address||Sale Price||Sale Date|
|1280 Meadow Lane, Southampton||$25,000,000||06/01|
|137 Crestview Lane, Sagaponack||$24,000,000||09/02|
|5 Eel Cove Road, East Hampton||$23,000,000||11/17|
|96 Meadow Lane, Southampton||$21,600,000||10/21|
|1251 Ocean Road, Southampton||$20,500,000||03/30|
|21 Old Beach Lane, East Hampton||$20,450,000||05/25|
|1240 Meadow Lane, Southampton||$20,000,000||04/15|
|33 Hwy Behind The Pond, East Hampton||$16,750,000||11/10|
|450 Gin Lane, Southampton||$14,500,000||09/27|
|144 Meadowlark Lane, Southampton||$11,995,000||11/02|