Ah, good ol’ 290 Further Lane, East Hampton. The gigantic (10,000 square feet), almost-oceanfront (the Nature Conservancy actually owns the dunes in front of the house) property debuted on the market back in 2016, asking $69 million. Designed by Francis Fleetwood in 1995, the house had belonged to James and Ellen Marcus. Before his death in 2015, James Marcus was a retired partner at Goldman Sachs and the former board chairman of the Metropolitan Opera. Sadly, though, the house was suffering badly from a case of the 90s. The price was cut $20 million in 2017, finally selling in 2018 for $40 million. That was the highest Hamptons home sale of 2018.
Last autumn, the property was relisted, with many, many buckets of white paint applied, asking $68 million via Bespoke.
It turns out that the property closed on December 18 for $57,040,000 to an LLC. This makes the sale number 3 on the list of top 10 sales for 2020. Congrats to all involved.
So what do you think? Of course the market is hot now, unlike in 2018. Is the refreshed house going to sell quickly for $68 million? Let us know in the comments.
- 290 Further Lane [HRE]
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