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Rumor Mill

Is the Sagaponack oceanfront that generated such strong controversy back in January in contract already? That's what we hear. Commenters scoffed at the idea that anyone would pay $5M for the place; the meta-argument was whether Hamptons real estate is doing well or not. We think we can take this as a positive sign for the real estate market, and congrats to whoever snapped it up--the place is charming with an unbeatable location. [Curbedwire]