Big Reveal: $30M for an oceanfront spec house in Sagaponack

Earlier this week, we asked readers: How much do you think this oceanfront spec house in Sagaponack is asking? The home is 5,200 square feet in size—which, for a Hamptons spec house, isn’t anything too mind-blowing, but is still more than twice the size of the average 2,400-square-foot American home—with six bedrooms and six bathrooms. Located at 25 Potato Road, the structure sits on a full acre of land, with 126 feet of direct ocean frontage.

While the home hasn’t been completed yet, so there aren’t too many details on the interior features, there will be floor-to-ceiling windows and balconies off the second floor.

Exterior materials include limestone, stucco, and stained teak for siding. Outside, there’s going to be a swimming pool with a glass waterfall and an oxygenated control system, elevated terraces, custom-built seating, a gas fireplace, and an elevated boardwalk that leads down to the private ocean beach. Altogether, there’s over 1,200 square feet of exterior living space.

To give some context, the property sold for $12 million back in 2015, essentially as an empty lot. There was a 900-square-foot cottage from 1994 standing on the acre of land, but it got torn down.

Most readers—around 35 percent—thought that the home was asking between $20 million and $25 million. But actually, the home is asking $29,995,000—almost $30 million. Which means most of our readers thought the home was asking between $5 million and $10 million less than the actual asking price.

About 23 percent of readers guessed in the correct price range of between $25 million and $30 million, while 22 percent of readers thought it was between $15 million and $20 million. Even 11 percent of readers guessed that it was under $15 million, whereas 10 percent guessed it was over $30 million.

We wonder if this means the estate is going to have to come down in price. What do you think?

All photos, Douglas Elliman

• How much for a 5,200-square-foot oceanfront spec house in Sagaponack? [Curbed Hamptons]
• 25 Potato Road [Douglas Elliman]