Saunders, Real Estate, Hamptons

Hamptons Life

Sep 27, 2019 3:32 PMPublication: The East Hampton Press & The Southampton Press

New Build By Michael Davis Sells In Sagaponack For $14.75 Million

324 Hedges Lane, Sagaponack. COURTESY SAUNDERS & ASSOCIATES
Sep 30, 2019 9:49 AM

A new build in Sagaponack Village has sold for $14.75 million, one of the biggest Sagaponack sales to date this year.

At 324 Hedges Lane, the New England shingle-style residence on 1.5 acres is by Wainscott’s Michael Davis Design & Construction and offers 6,003 square feet of living space above grade and 3,068 square feet below. It has eight bedrooms, eight full bathrooms and two half-baths.

The entry hall leads to the combined living room and dining room and glass and tall ceilings bring sunlight to all parts of the house, according to Michael David Construction. A bar separates the living and family rooms and connects outside. The kitchen has an oversized island and opens to the spacious breakfast/dining area.

A junior master suite is on the first floor while the master occupies the west wing of the second floor.

The lower level has a large media/recreation room with an adjacent bar. The two-car garage is on the lower level, freeing up living space on the ground floor.

To get up and down the three levels, take the floating staircase under a round turret or the elevator.

Outside, a bluestone terrace stretches the back of the house with a barbecue on one end and a covered porch with a fireplace and television on the other.

The 20-by-50 pool with an 8-by-8 spa and automatic cover is complemented by a pool house with a powder room, steam shower, sauna and outdoor shower. The property also offers a sunken Deco Turf II tennis court.

The property is just two doors down from hundreds of acres of preserved farmland. It came on the market in 2017 asking $19 million.

Terry Cohen of Saunders & Associates had the listing. Matt Breitenbach of Compass brought the buyer.

Ms. Cohen was also the selling agent on a second recent big Sagaponack sale, which was scheduled to close on Friday, September 27. The address is 673 Sagaponack Road.

The property had been on the market with Bespoke two years ago for $13.25 million and later slashed to $10.65 million. Earlier this year, it was asking $8.5 million with Saunders and is listed with a price of $8 million now. That’s $5.25 million off the original list price.

Designed by McDonough & Conroy Architects and built by Talo Builders in 2017, the estate on 1.3 acres abuts a 25-acre reserve.

The main house outfitted with smart home technology has six bedrooms, six full bathrooms and two half-baths. The three stories, including a finished lower level, are served by an elevator.

The foyer has double-height floor-to-ceiling windows, and sun-filled living spaces have views of the backyard with a 50-foot saltwater gunite pool, a pool house and the reserve fields.

The first-floor has a great room with a fireplace, a living room with a fireplace, a gourmet chef’s kitchen with high-end appliances, a formal dining room, a butler’s pantry, a laundry, a mud room and access to the two-car garage.

The upper level has a large master suite with walk-in closets, a fireplace and a private terrace, and four more en-suite bedrooms.

The lower level has a theater, a wine room, a recreation room, a gym and two bedrooms.

The guest house is a restored 1853 home with a living room with a fireplace, a kitchenette and a guest suite. The guest house also has a lower level of its own with a bedroom, bathroom and living room.

One last sale of note in Sagaponack: The estate of Florence Fazio has sold 69 Old Barn Lane to an anonymous limited liability company for $4.6 million, according to The Real Estate Report Inc. It had been listed with Gary DePersia and Biana Stepanian of Corcoran for $4.9 million.

The five-bedroom, four-bathroom modern on 1.4 acres comes with a heated pool and expansive decking. However, the listing notes that “if gently aged modernism is not your thing” a three-level 9,000-square-foot residence with a larger pool and a pool house could be built on the property.

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