Hamptons Home On Market For $65 Million Threatens South Fork Real Estate Record

Former Goldman Sachs executive and Whitney Museum president Robert Hurst listed his Sagaponack estate at  $65 million, a price that if matched would set a Hamptons home sale record. The 11,000-square-foot, eight bedroom, eight and a half bathroom shingle style house sits on 33 acres of land, making it one of the largest properties in the South Fork. It’s also surrounded by dozens of acres of protected property, ensuring long-term seclusion for high profile potential buyers. 1,500 feet of the grounds border the gold coast of Sagg Pond.

The previous Hamptons home price record was set in 2008 with the purchase of a $60 million oceanfront estate in Southampton. But you might say there’s an asterisk next to that benchmark: investment banker Ron Baron paid $108 million for an undeveloped 40-acre East Hampton lot in 2007. Hurst is no stranger to stratospheric luxury real estate. Years ago he sold his 950 5th Avenue duplex for $25 million.

[Source: NYT]

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