WASHINGTON, D.C. – January 23, 2013 – (RealEstateRama) — 2012 was a good year for high-end home sales, but frankly nowhere near the top. 2007 was the height of the high-end trades starting with Ron Barron’s ceiling-shattering purchase of the deMenil Carpenter 40 acres oceanfront in East Hampton for a record total of $103M. This was actually 2 recorded sales that held the #1 and #2 positions at $58M for 260 Further Lane and $45M for 278 Further Lane. In fact, back in 2007 the top 7 most expensive sales were all over $30M…that would make 2012’s #1 most expensive sale land in the #8 spot in 2007!
1. 322 Meadow Lane – Southampton $28,500,000
322 Meadow Lane LLC to Alejandro Santo Domingo Davila
2. 174 Further Lane – East Hampton $28,000,000
Arrakis LLC to 174 Further Lane LLC
3. 43 Surfside Drive – Bridgehampton $27,253,000
Pamela Schein Trust to 43 Surfside LLC
4. 30 Lee Avenue – East Hampton $25,750,000
Chandler Consulting Inc to 30 Lee Associates LLC
5. 58 Highway Behind The Pond Lane – East Hampton $25,000,000
Salvatore A Ranieri to PGR Family Realty LLC
6. 20 Drew Lane – East Hampton $24,650,000
Judith Della Femina to Nala LLC
7. 171 Great Plains Road – Southampton $24,000,000
John & Robin Pickett to 171 Great Plains LLC
8. 6 Gracie Lane – East Hampton $20,000,000
Gracie Pond LLC to 89 Lily Pond LLC
9. 54 Highway Behind The Pond Lane – East Hampton $20,000,000
Dunemead Property I LLC to Wyoming East LLC
10. 8 Five Rod Highway – Wainscott $18,587,000
James & Judy Topping to 8 Five Rod Highway Owner LLC
One oddity in this year’s report is that only 4 of the top 10 were oceanfront— the other 6 were inland. Ordinarily in TOWN & COUNTRY’S Top 10 Most Expensive Sales Report oceanfront and bay front make up 80%. While Southampton’s sale of 322 Meadow Lane earned the top slot at $28.5M, East Hampton dominates the chart with 6 of the top 10 positions.
To view all prior Town & Country Reports visit www.1TownandCountry.com/reports.
Judi A. Desiderio, CEO
