Because the ice has lastly began to thaw, so too has the posh market within the Hamptons.
Considered one of East Hampton’s prime oceanfront estates bought on Friday for $72 million within the priciest deal of the 12 months on the East Finish. The three.6-acre property at 43 East Dune Lane had been available on the market since June 2024, when it was asking $120 million, making it the costliest itemizing within the Hamptons on the time. It was final asking $84.9 million.
Behind the Hedges first reported the sale.
The vendor was Ann Tenenbaum, who owned the house along with her husband, non-public fairness pioneer Thomas H. Lee. Lee died in February 2023, prompting Tenenbaum to record it.
Initially inbuilt 1910, the 11,000-square-foot essential residence has 10 bedrooms, 12 full baths, 15-foot ceilings, a non-public grotto, and a heated 24-by-58-foot oceanside pool. The property additionally has over 200 toes of ocean frontage, a 1,500-square-foot visitor studio and tennis courtroom.
The house was initially a part of an excellent bigger 80-acre property owned by ink producer Frank Wiborg. Lee and Tenenbaum purchased their piece of the property from Lee Radziwill, the sister of Jacqueline Kennedy Onassis, and movie director Herbert Ross for $16.2 million in 2001. Lee and Tenenbaum rebuilt the house twice, together with after a hearth in 2013 attributable to a basement mild fixture.
The sale this 12 months comes after an lively 2025 for the Hamptons luxurious market. Median costs within the Hamptons hit a record $2.3 million within the fourth quarter, and the three-month interval noticed a document 82 properties promote for over $5 million.
Final 12 months, the priciest residence bought within the Hamptons was at 408 Additional Lane, the place developer Len Blavatnik purchased an eight-and-a-half-acre property for $115 million.
