A mansion in East Hampton has sold for $66.8 million, according to a report from the Wall Street Journal. The property, located at 105 Lily Pond Lane, was initially listed for $79.5 million but closed below that asking price. Despite this, it remains one of the most expensive transactions in the Hamptons so far this year.
The seller is a limited liability company linked to the estate of Polly Bruckmann, who was married to investment banker Donald Bruckmann. The identity of the buyer has not been disclosed.
The residence covers 8,400 square feet and sits on 2.85 acres of waterfront land. It features 11 bedrooms and 10 bathrooms, with a sale price that equates to approximately $7,946 per square foot. Included in the transaction is an adjacent vacant lot measuring 1.85 acres that does not have ocean frontage but offers potential for future development.
Built in 1916 for William H. Woodin—President Franklin D. Roosevelt’s Secretary of the Treasury—the house is known as “Dune House” due to its location overlooking the Atlantic Ocean.
Ed Petrie, James Petrie and Charles Forsman from Compass were responsible for listing the property while Dana Trotter from The Agency Hamptons represented the buyer.
Although significant, this sale did not exceed the local record set earlier this year when a seven-acre estate at 370 and 372 Further Lane sold for $70 million after being listed at $89 million.
Recent market data indicates growing activity at high price points: In the second quarter there were 26 home sales in the Hamptons above $10 million—four more than during the same period last year and much higher than six such sales recorded in all of Q2 2023, based on a Douglas Elliman report by appraiser Jonathan Miller.
” — Holden Walter-Warner
