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The real estate market in the Hamptons made a comeback in the second quarter of 2017, with the high end market performing particularly well compared to 2016. It looks like the third quarter is getting off to a decent start as well, with two high-end luxury Hamptons homes going into contract.
Both homes are represented by Bespoke Real Estate, the real estate firm which is “tailored for $10 million and above.”
The ocean view home at 176 Meadowlark Lane in Bridgehampton went into contract with an asking price of $14.75 million—the same price that the home went on the market for just two months ago. The property last sold in 2015 for $5.375 million.
The new construction that currently occupies the address has 11,000 square feet of living space, eight bedrooms, 10.5 bathrooms, 26-foot high ceilings in the entrance foyer, floor-to-ceiling walls of glass, a 1,400-square-foot rooftop deck, and an elevator that serves all three floors.
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Moving a bit over to Sagaponack, the home at 138 Seascape Lane is in contract under a $19.995 million asking price, most recently asking $23.5 million until March of this year. The home is a bit smaller, but is situated on a larger waterfront property in an extremely private setting. The home is 4,700 square feet in size with six bedrooms and six and a half bathrooms on almost two acres of land.
Designed by the notable Stelle Lomont Rouhani Architects, this home features a crushed seashell driveway, detached pool house with full kitchen, shower with ocean views, a custom raised infinity edge heated pool, 3,100 square feet of decking and exterior entertaining space, radiant heat, Ban Olufsen sound system, two outdoor showers, and two indoor fireplaces.
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Let’s see how the rest of the quarter is for real estate sales in the Hamptons.
- Hamptons real estate market report: Q2 of 2017 [Curbed Hamptons]
- New Bridgehampton construction with 11,000 sq. ft. asks $14.75M [Curbed Hamptons]
- Hamptons homes that saw price cuts this week [Curbed Hamptons]