Curbed Hamptons - J. Crew’s former CEO Mickey Drexler lists his oceanfront Wainscott home for $21.5MLove where you live2017-10-27T08:12:13-04:00http://hamptons.curbed.com/rss/stream/163661892017-10-27T08:12:13-04:002017-10-27T08:12:13-04:00Oceanfront Wainscott home returns to the market, keeps $21.5M asking price
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<figcaption>All photos, <a href="https://www.elliman.com/long-island/120-beach-lane-wainscott-south-esfigbh">Douglas Elliman</a></figcaption>
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<p>Commenters thought the price was ambitious</p> <p id="JQ3mxk">In 2014, the oceanfront home at 120 Beach Lane in Wainscott was asking $26.5 million. After a year on the market, <a href="https://hamptons.curbed.com/2015/9/9/9923140/wainscott-oceanfront-cut-4m-after-a-year-on-the-market">$4 million was taken</a> from that price tag, and then in 2016, <a href="https://hamptons.curbed.com/2016/6/17/11963082/another-price-chop-at-120-beach-lane">another $1 million</a> was shaved off. But after 10 months with a listing price of $21.5 million, the home came off the market in December of 2016. </p>
<p id="EMDg7D">Almost a year later, it’s returned to the market under Douglas Elliman agent Paul Brennan for the same $21.5 million asking price—but a year ago, our readers said that the house wouldn’t sell for that price. </p>
<p id="sNXumI">The property is <a href="https://hamptons.curbed.com/2010/10/18/10499408/wainscott-only-has-7-oceanfront-parcels-heres-one-for-23-5m">one of seven oceanfront parcels</a> in Wainscott, featuring 315 feet of direct ocean frontage as well as unobstructed views of Wainscott Pond. Standing just 3,500 square feet, there are three bedrooms, two full bathrooms, and two half-bathrooms in the home on 2.3 acres of land. </p>
<p id="CRVCGm">Interior features include an open floor plan, double-height ceilings, and floor-to-ceiling windows allowing for panoramic views of the water. Outside, there are wraparound decks and a wooded boardwalk with private access to the ocean. </p>
<p id="fwzfs1">Down the beach, 115 Beach Lane sold in 2015 for $16.5 million. That home stands 3,000 square feet on 2.2 acres of land with a tennis court. While it <a href="https://hamptons.curbed.com/2015/1/15/10002118/hate-to-cook-theres-a-galley-kitchen-in-this-16-5m-house">was considered a teardown</a> (though renovations would probably bring the home up to date enough), the home is still comparable in size and land and sold for significantly less than 120 Beach Lane is asking. </p>
<p id="PCQlVl">Even further down the street, the <a href="https://hamptons.curbed.com/2017/8/8/16111758/georgica-association-kilkare-historic-wainscott">historic Kilkare estate</a> on Association Road is asking $55 million. </p>
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<ul>
<li id="sufk1w">
<a href="https://hamptons.curbed.com/2014/8/6/10064124/another-of-the-wainscott-magnificent-seven-hits-the-market">Another of the Wainscott ‘Magnificent Seven’ Hits the Market</a> [Curbed Hamptons]</li>
<li id="4XB3DT">
<a href="https://hamptons.curbed.com/2016/6/17/11963082/another-price-chop-at-120-beach-lane">Another price chop at 120 Beach Lane</a> [Curbed Hamptons]</li>
<li id="VkrXLJ">
<a href="https://hamptons.curbed.com/2015/9/9/9923140/wainscott-oceanfront-cut-4m-after-a-year-on-the-market">Wainscott Oceanfront Cuts $4M after a Year on the Market</a> [Curbed Hamptons]</li>
<li id="eZm4Lq">
<a href="https://hamptons.curbed.com/2015/1/15/10002118/hate-to-cook-theres-a-galley-kitchen-in-this-16-5m-house">Hate to Cook? There’s a Gallery Kitchen in This $16.5M House</a> [Curbed Hamptons]</li>
<li id="XuMpch">
<a href="https://hamptons.curbed.com/2010/10/18/10499408/wainscott-only-has-7-oceanfront-parcels-heres-one-for-23-5m">Wainscott Only Has 7 Oceanfront Parcels, Here’s One for $23.5M</a> [Curbed Hamptons]</li>
<li id="gdzRwC">
<a href="https://hamptons.curbed.com/2013/12/13/10164500/one-of-the-wainscott-magnificent-seven-still-wants-23-5m">One of the Wainscott ‘Maginificent Seven’ Still Wants $23.5M</a> [Curbed Hamptons]</li>
<li id="U6Ug5r">
<a href="https://www.elliman.com/long-island/120-beach-lane-wainscott-south-esfigbh">120 Beach Lane</a> [Douglas Elliman]</li>
</ul>
https://hamptons.curbed.com/2017/10/27/16556870/oceanfront-wainscott-home-returns-to-the-market-keeps-21-5m-asking-priceGrace Cassidy