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Another big sale quietly transpired last week on one of the ritziest roads in the Hamptons. On Tuesday, October 27, an estate on Further Lane in East Hampton sold for $57.3 million, and the private transaction was solely brokered by Saunders & Associates.
The 4.2-acre property is two doors down from Two Mile Hollow Beach and includes a second structure as well as a pool and tennis court.
Subject to a confidentiality agreement, Andrew Saunders would confirm only basic details of the sale, declining to reveal the buyer or seller. However, The Wall Street Journal reported that the house belonged to the family of the late Alan and Doris Freedman.
The buyer will now join the ranks of several millionaires and billionaires who have homes on Further Lane, including investor Ron Baron and hedge fund manager Barry Rosenstein, who paid $147 million for 16 oceanfront acres.
This most recent sale was the result of an “off-market” listing, in which the property is only quietly offered for sale. It will go down as one of the priciest of 2015, with the former Andy Warhol estate in Montauk nipping at its heels, having reportedly sold for $50 million last month.
Carey London on Nov 5, 2015