Great news! After a brief hiatus, the estate-sized parcels at the Olde Towne development in Southampton have returned. The parcels first came on the market back in 2008, ranging in price from $18 to $22 million. But now the seven 4-acre homesites are available for $11.5 million a pop—nearly 50% off of their original asking prices. Per the new listing, the development is infact "complete and ready for sale." (On a recent drive-by, the landscaping definitely looked complete.) So who will be the first to build on the slightly more accessible "Billionaire's Row?" We hope for an answer before the summer's end.
· Listing: Olde Towne [Prudential]
· Olde Towne Southampton [Association Website]
· All Olde Towne coverage [Curbed Hamptons]