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Hamptons Life

Jun 14, 2019 5:48 PMPublication: The East Hampton Press & The Southampton Press

Bridgehampton Bombarded With Big Buys

114 Rose Way, Bridgehampton. COURTESY THE CORCORAN GROUP
Jun 17, 2019 10:33 AM

Four recent transactions in Bridgehampton surpassed $4 million each, with the biggest breaking into eight digits at a flat $10 million, according to sales data from The Real Estate Report Inc. 

At the top of the list is 422 Dune Road, changing hands from one limited liability company to another. Three Waters LLC sold the 1.8-acre property to ML Bridge LLC.

It was last asking $12.95 million and was originally listed for around $16.5 million.

The 3,500-square-foot modern beach house completely renovated in 2016 has four bedrooms and 4.5 baths. It is located at the end of Dune Road, on the bayside, just before W. Scott Cameron Beach. The rooftop terrace provides water views on all sides to take in the ocean and Mecox Bay. Walk down a spiral staircase from the terrace to the gunite heated pool and spa.

Saunders & Associates had the listing, with Terry Cohen as the exclusive listing agent and Mark Greenwald as the selling agent.

At 748 Ocean Road, Penny and Robert Lieberberg have sold a 3.8-acre property to Yankees 18 LLC for precisely $8,933,333. It was pitched by Saunders & Associates as an opportunity to either build new with 24,000 square feet of allowable lot coverage or to put a “personal touch on a well-designed home with every amenity.” The existing six-bedroom residence was built in 1999 by Fountainhead Construction with a design by architect Scott Phillips.

The main house has two wings, bluestone patios and a covered porch. An underground passage links it to a 3,800-square-foot indoor/outdoor recreation barn with a media room and guest quarters. Plus, there is a 50-foot-by-20-foot heated gunite pool and a pool house.

Next in line is 114 Rose Way, sold by Marc Frankel to Rose Way LLC for $5.05 million. The south-of-the-highway 1.6-acre property adjacent to wooded town-owned land was asking $5.25 million. Once again, it was pitched as a residence that could be used as is, or as a teardown to make way for a dream home. It was represented by Susan Breitenbach for Corcoran.

And, finally, 114 Lockwood Avenue sold on May 31 for $4.15 million. It had been asking $4.8 million. The new owners are Laura and Elliot Weinstein. Mr. Weinstein is a managing director of the investment firm Centerbridge in New York. Ms. Weinstein is the executive director of Allergan, a global pharmaceutical company headquartered in Dublin.

The 0.52-acre property boasts a nearly 7,500-square-foot residence with eight bedrooms with en-suite bathrooms and two half-baths built in 2016. The open floor plan has a top-of-the-line chef’s kitchen, a formal dining room and multiple living rooms. An elevator serves all three floors, including the finished lower level. On the grounds are an oversized pool and spa.

Compass had the listing.

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