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Philip Johnson's Farney House Finally Closes

After almost four years on the market and numerous pricechops, the Farney House in Sagaponack has a new owner. This important house was designed by Philip Johnson in 1946, although updated and enlarged in 1989. The 2009 price was $35M, which was pricechopped to $29.95M in 2011; the last listed asking price was $24.95M. Final price: $24M. Considering the previous owners paid $22M in 2008, we think they got lucky. The property included 3.60 acres of prime oceanfront property, including 363 feet of beach frontage.
· Sagaponack Modern Oceanfront Estate [BHS]
· All Previous Philip Johnson Coverage [Curbed Hamptons]