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In Contract

And another new listing bites the dust. Real LI reports that a 5,000 square foot Sagaponack oceanfront has gone into contract after only seven weeks on the market. The asking price for the 1/2 acre property was $11.5 million, but no word from listing agent John Healey (Town & Country) on the details of the deal. Location is key, as the home is on a private road off Daniel's Lane, neighboring the architectural wonder that is the Rennert Estate. [Real LI]