Sag Harbor former church finds a buyer under $9M asking price

The property was listed for over $20M a few years ago

By Grace Cassidy Jun 5, 2018, 11:53am EDT

The converted 19th century church at 48 Madison Street in Sag Harbor has been featured on Curbed multiple times—first, as a PriceSpotter when it was on the market for $23.5 million back in 2015, and then again last year when it was relisted for $10,995,000 under Compass’s real estate agent, Lori Schiaffino.

Recently the church has found a buyer and went into contract under its most recent $8,995,000 asking price.

Originally built in 1835, the structure was purchased for $4 million in 2013. The new owner recruited Bates + Masi Architects to re-imagine and transform the building into a 15,000-square-foot single family home with six bedrooms and seven bathrooms on a half-acre in Sag Harbor village. Features of the plans included a pool, indoor spa, an open floorplan, and double-height ceilings on the ground level.

But according to a representative from Compass, the house has not been finished being built, so we’re curious to see if the new owners are going to tear it down or finish it with their own design. And of course, we can’t wait to see what the property closes for.

Schiaffino did not provide any comment on the transaction.