Once asking $13.5 million, the 0.62-acre oceanfront property at 41 Gibson Lane in Sagaponack has found a buyer and gone into contract. It was most recently on the market for $10,995,000.
There is a 1,189-square-foot beach house on the property that was built back in 1890, but it will probably get torn down to make room for a bigger and more modern house.
However, if by chance the new owners choose to keep and renovate the existing structure, it has three bedrooms and three bathrooms, hardwood floors, wood-beamed ceilings, and an oceanview sundeck.
In 2006, the nearby 2.6-acre oceanfront property at 159 Trees Lane sold for $6.1 million. We’re curious to see if 41 Gibson sells for the most recent $11 million asking price. What do our readers think? Leave your thoughts in the comments.
Douglas Elliman agent Kevin Well represents the listing.
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- 41 Gibson Lane [Douglas Elliman]