Southampton spec mansion sells for $30M, 14% off initial ask

One of the priciest homes listed in the Hamptons last year has finally sold — for $5 million less than its developer originally sought.

Luxury home builder Yale Fishman sold a 16,000-square-foot mansion at 63 Duck Pond Lane in Southampton for $30 million, the New York Post reported. The nine-bedroom home, which sits on a two-acre lot, was one of the Hamptons’ priciest listings when it hit the market last April for $35 million.

In addition to 12 bathrooms, the home includes a 12-seat movie theater, a gym, a spa and a basketball court as well as an 1,100-bottle wine cellar and a three-car garage with an electric charging station.

The extravagance extends outside, where an 18-foot wide television, which alone purportedly costs $1 million, retracts into and out of the ground next to a fire pit. Additional features on the grounds include a pool, a 1,200-square-foot pool house and a sunken tennis court.

Nest Seekers’ Shawn Elliott represented Fishman’s Hamptons Luxury Estates in the sale. Brown Harris Stevens’ Christopher Burnside and Aubri Peele brought the unidentified buyer..

Other properties developed by Fishman’s firm include a home at 10 Meadowbrook Way asking $15 million and another at 27 Tyndall Road asking $6 million, both on Sag Harbor.

The sale on Duck Pond Lane comes as the housing market in the Hamptons has begun to normalize after a frenzied couple of years since the onset of the pandemic.

Source: https://therealdeal.com/2022/07/22/southampton-spec-mansion-sells-for-30m-14-off-initial-ask/