Southampton Village Oceanfront Modern At 40 Meadow Lane Sells For $43 Million - 27 East

Real Estate News

Real Estate News / 1777867

Southampton Village Oceanfront Modern At 40 Meadow Lane Sells For $43 Million

icon 1 Photo
40 Meadow Lane, Southampton Village.

40 Meadow Lane, Southampton Village.

authorStaff Writer on May 11, 2021

An oceanfront modern at 40 Meadow Lane in Southampton Village recently sold for $42.92 million in an off-market transaction, and the New York Post reports that the new owner is New England Patriots owner Robert Kraft.

This 6,677-square-foot, three-story residence has seven bedrooms and 9.5 bathrooms and was built a few years ago in place of a 120-year-old shingle-style house in the historic district, over the objections of many village residents. One point of contention was the height — 53 feet above sea level and 40 feet above grade. The village has since adopted a stricter sky plane law, which would prevent the residence from being approved today.

More controversy followed as last year the limited liability company that just sold the property sought to eject from the home the former principal of real estate development and investment company HFZ Capital Group, Nir Meir. The LLC said in court filings that Mr. Meir was occupying the residence without permission, according to The Real Deal.

The sale closed April 5, according to The Real Estate Report Inc.

The property last changed hands in 2013 for $10.5 million, and it took about four years from then for the redevelopment to be approved, litigated and completed.

You May Also Like:

Ellie Awards Recognize Top Performers

On Wednesday, March 19, Douglas Elliman announced the winners of the 2025 Ellie Awards, which honor the firm’s top-performing agents throughout the nation. “Since stepping into this role at Douglas Elliman, I have been deeply inspired by the dedication and resilience our agents show every day as they navigate an ever-changing market,” said Michael S. Liebowitz, the president and CEO of Douglas Elliman Inc. “Their expertise, entrepreneurial drive, and commitment to excellence not only set them apart as real estate professionals — they are the source of our reputation for providing the highest level of client service. I look forward ... 26 Mar 2025 by Staff Writer

East Hampton's Butterfly House Is on the Market

An East Hampton home known as Butterfly House, which exhibits the butterfly roof design that ... 21 Mar 2025 by Staff Writer

Newsletter Spotlights South Fork Land Use Laws

The mention of land use and zoning may cause the eyes of some people to ... 12 Mar 2025 by Brendan J. O’Reilly

Original North Haven Shores Model Home Hits the Market

One of the original model homes in the North Haven Shores community developed in the ... 11 Mar 2025 by Staff Writer

'Housing in Your Hometown' Presentation Is April 5 in Bridgehampton

The Long Island Housing Coalition and the Bridgehampton Child Care & Recreational Center will present “Housing in Your Hometown” on Saturday, April 5, at the center on the Bridgehampton-Sag Harbor Turnpike. The program will include workshops on: “The Story of Housing in the Hamptons,” “Affordable Housing – How To Get to Yes,” “Housing a Nation – Empowering the Shinnecock,” “How To House Our Teachers,” “First-Time Homebuyer Programs,” “Co-ops and the Missing Middle” and “Senior Housing, Housing Choice Vouchers and Other Resources.” The event will run from 9:30 a.m. to 2 p.m. For more information, contact ERASE Racism senior housing policy ... 9 Mar 2025 by Staff Writer

PJCArchitecture Updates 1970s Sagaponack Spec Home

A lot has changed in the last 50 years in the architecture space, not only ... 3 Mar 2025 by Steven Loeb

Bridgehampton Estate With Putting Green Sells for $16.65M

A Bridgehampton estate by Konner Development with a putting green and deeded ocean beach access ... 24 Feb 2025 by Staff Writer

WATCH: Taking the Pulse of the Hamptons Real Estate Market

During an Express Sessions discussion of the state of the Hamptons real estate market last ... 19 Feb 2025 by Brendan J. O'Reilly

Waterfront Nantucket-Style Home in Quogue Sells for $5.5M

A waterfront home in the Village of Quogue with a dock and views over Quantuck ... by Staff Writer

Top 10 Hamptons Real Estate Sales West of the Canal, 2024

The Hamptons real estate market west of the Shinnecock Canal, like the market east of ... 17 Feb 2025 by Staff Writer