Empty lot part of historic Southampton compound goes into contract

The historic Normandy House compound at 408 & 412 First Neck Lane in Southampton’s estate section has been on and off the market for varying prices over the last several years. Recently, the empty building parcel at the 408 address has gone into contract under Corcoran Group’s listing agent, Tim Davis, reports Behind the Hedges.

In July of 2016, the two parcels were listed for a combined $65 million, but it’s come down in price several times since then. By itself, the empty parcel was most recently listed for $15 million, but the total compound was last asking $50 million.

Built in 1930 by Polhemus & Coffin, the main house 412 First Neck Lane on 5.57 acres last sold in September of 2013 for $28 million. The additional 2.83-acre lot that’s just gone into contract was added to the listing when it came back on the market, forming an 8.4-acre compound.

If you’re looking to get your hands on the historic Normandy House, it’s still available for a reduced $32.5 million. The 8,000-square-foot home has 400 feet of water frontage on Lake Agawam and has been totally renovated since it was last purchased.

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• A Good-Sized Parcel On First Neck Lane Sells [Behind the Hedges]
• 408 First Neck Lane [Corcoran]
• 412 First Neck Lane [Corcoran]
• Southampton’s historic Normandy House on First Neck Lane comes down $6M in asking price [Curbed Hamptons]
• Normandy House is Back with Three More Acres, Asking $17M More [Curbed Hamptons]