It’s time to make up a bunch of awards and hand them out to the most deserving people, places and things in the worlds of Hamptons real estate! That’s right; it’s time for the first ever Hot List. Today’s subject: the largest discounts of 2020.
301 and 317 Murray Place, Southampton
Initial asking price: $100 million
Sold for: $57.5 million
This was a very impressive sale this year brokered by Bespoke: two properties on the ocean in the prestigious Murray compond. The discount was also impressive: a staggering $42.5 million.
40 Association Rd, Wainscott
Initial asking price: $55 million
Sold for: $24.3 million
Lovely, iconic Kilkare just needed too much work (so the story goes) to justify the original ask. It closed for less than half of that, for a discount of $30.7 million. Bespoke again made the deal.
38 Two Mile Hollow Road, East Hampton
Initial asking price: $45 million
Sold for: $24 million
This long, slim oceanfront property featured a very attractive new build house–but alas, what held it back was its location next to a popular beach parking lot. The discount, after a whopping 7 years on the market, was $21 million. Susan Breitenbach pulled off the deal.
2020 Meadow Lane, Southampton
Initial asking price: $38 million
Sold for: $21 million
Mark Baron of Saunders sold Adrien Arpel’s oceanfront home. We weren’t a fan of the house itself, but the 9.75 acres of land is impressive indeed. The discount was $17 million.
80 Meadowmere Lane, Southampton
Initial asking price: $37 million
Sold for: $27 million
Bespoke again pulled off a major sale with 80 Meadowmere Lane, built in 2012 with top-of-the-line builders, architects and landscapers. The 3.11 acre property is pondfront and offers views of the ocean.
27 drew lane in East Hampton… went on asking 75mil, sold for 35