$42 MILLION SALE; $3.5 MILLION OFF CUTCHOGUE FARM; MORE

Behind the Hedges

Laura Euler
June 25, 2019

files/1-9.jpg

Time for some updates on what's going on in Hamptons real estate. First up is a huge sale, that of 263 Surfside Avenue, Bridgehampton, which closed for "very close" to the former $42.5 million asking price. This off-market deal was brokered by Eileen O'Neill of Douglas Elliman.

 

 

This property was listed just about a year ago. It sold as a new build four years ago for a healthy $27.5 million. The property boasts 1.5 acres on the ocean, 7350 square feet, plenty of decks, pool, walkway to ocean, all designed by Barnes Coy Architects. The new owner then called in builder Ben Krupinski for a two-year, $10-million-plus project has added a roof deck, a kitchen with pizza oven and bar, as well as two TV-viewing areas, on top of 6,000 square feet of outdoor entertaining space. Then he put the property back on the market for $42.5 million. We guess the listing had lapsed, because the deal was done off market. Congrats to all involved.

 

 



Ryan Serhant Ryan Serhant
Licensed Associate Real Estate Broker