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Massive 14.6 Acre Wainscott Property Closes For $25M

When we noted that this 14.6 acre property on Wainscott's Five Rod Highway found a buyer at the end of May, we thought that there was a very good possibility it would become the area's priciest sale for 2012. After this deal was finalized, the title still belongs to 322 Meadow Lane, but the $25M purchase puts the exchange in the top 5 sales this year (so far).

Now we're anxious to see what the new owners have planned for the place. The 21-stall horse barn, storage barn and workshop, fenced paddocks and sand riding arena are probably staying put, but we have a feeling the two homes currently found on the property will be torn down to make room for something a little more substantial. Gotta keep up with the Teppers of the world, ya know.

· Listing: Ocean Views & Frontage on Wainscott Pond [Sotheby's International Realty via HREO]