Wainscott Only Has 7 Oceanfront Parcels, Here's One for $23.5M

In his prose for a new listing, power-broker Gary DePersia drops a pretty fun fact: There are only seven oceanfront properties in Wainscott—less than any other oceanfront hamlet in the Hamptons! And if you're in the market for a rare Hamptons property, then this is all pretty relevant because DePersia just listed one of those seven properties, which spans 2.5 acres and 315 feet of oceanfrontage. The home's priced at a staggering $23.5 million, but also offers some key selling points, including a large building envelope, an oceanside pool, and the prestige of, well, being only one of seven. (The "Magnificent Seven," if you will.) According to records, the only other recent Wainscott oceanfront sale takes us back to 2008 to a similarly sized parcel, which ultimately traded for $17 million. But trust us, the new one's waay better.
· Listing: 124 Beach Lane [Corcoran]