The Hamptons real estate market has been slowing down lately, according to the latest Elliman Report; however, the top tier of luxury homes still sold for higher prices than a year ago, in Q3 2015. Sales closed at a slower pace in 2016, but for some former owners, the money they got was well worth the wait. Take a look at the list below to see just how pricey a Hamptons estate is these days.
First prize goes to a beautiful, and very private, shingle-style mansion in East Hampton, on Lily Pond Lane. This stretch of beach-front heaven was particularly popular with deep-pocketed buyers this year, and this particular property at number 199 was purchased by entertainment mogul David Geffen from the estate of the late Josephine Chause.
Another two of the priciest homes on our list, 93 and 101 Lily Pond Lane in East Hampton, were part of a three-estate deal for the total of $110 million, the second largest sale ever recorded in the Hamptons. The other lot included in the deal is adjacent to both properties, but has no residential construction on it. Nonetheless, its share of the deal was worth $24 million.
The Hamptons “White House” at 315 Rose Hill Road finally found a new owner, after previous owner Andrew Borrok put it on the market back in 2010. The final deal was closed for less than half of the initial listing price of $58.5 million, but still ranked 7th on our list.
10 1225 Flying Point Road, Water Mill
Sale price: $15,990,000
9 26 West End Avenue, East Hampton
Sale price: $18,000,000
8 313 Dune Road, Bridgehampton
Sale price: $19,525,000
7 93 Lily Pond Lane, East Hampton
Sale price: $22,000,000
7 315 Rose Hill Road, Water Mill
Sale price: $22,000,000
7 207 Highland Terrace, Southampton
Sale price: $22,000,000
6 77 Ox Pasture Road, Southampton
Sale price: $23,614,800
5 26 Actors Colony Road, Sag Harbor
Sale price: $23,935,500
4 196 Bay Lane, Water Mill
Sale price: $27,250,000
3 Squabble Lane, Southampton
Sale price: $27,500,000
2 101 Lily Pond Lane, East Hampton
Sale price: $63,800,000
1 199 Lily Pond Lane, East Hampton
Sale price: $70,000,000