Now that America’s queen, Beyoncé Knowles-Carter, has purchased a home in the south-of-the-highway Georgica section of East Hampton, anyone looking to buy in the Hamptons could potentially be her neighbor. That is, if they have a few million to spend on a home. In this case, the it would cost you $16.5 million.
The home is 6,500 square feet, which doesn’t seem that big for an asking price of $16.5 million, but it also has 200 feet of direct water frontage on Georgica Cove, and the property itself is 2.6 acres—which is a decent sized lot. The property is gated and hedged for privacy.
Renovated and expanded in 2002 by architect Nasser Nakib, the home has five bedrooms, five full bathrooms, three half-bathrooms, and water views from almost every room. Inside, there’s a triple-height octagonal entry, a tray ceiling and fireplace in the master bedroom, and a waterview balcony off one of the guest bedrooms.
Outside, there’s a Har-Tru tennis court, heated pool, spa, attached three-car garage, manicured grounds, and a private dock. The pool house has a double-height great room and slate flooring, and leads out to the pool area.
The home has been available to rent in the last year, for between $140,000 per month all the way up to $190,000 per month.
Nearby, the home at 11 Cove Hollow Farm Road—which cut its asking price by over $10 million in its five-year lifespan on the sales market—eventually sold for $11 million earlier this year.
Also waterfront on Georgica Cove, the home at 11 Cove Hollow Farm Road was built in 2008, has 7,500 square feet of living space, and sits on three acres of land. Plus, it has 408 feet of direct water frontage on Georgica Cove—which is more than twice that the property at the 25 address has to offer.
While each property is different, we’re thinking that this home is going to have to come down in price before it finds a buyer.
- Beyoncé and Jay-Z are the buyers of the East Hampton Pond House [Curbed Hamptons]
- East Hampton home sells for $11M after five years, originally asked $24.75M [Curbed Hamptons]
- 25 Cove Hollow Farm Road [Sotheby’s International Realty]