What a 12 months! To be truthful, 2021 was an incredible year for actual property normally, with information being damaged in every single place, from Palm Seashore, Miami, and Montana, the place Rupert Murdoch dropped $200 million on a ranch, to Vancouver, Dubai, and the Cayman Islands. Not too surprisingly, the Hamptons additionally got here on robust, with the highest 10 offers totaling a whopping $607 million, about 35 p.c greater than 2020’s checklist.
In Southampton, the best worth ever paid for a single parcel was achieved in 2021, with the $105 million sale of the former Ford estate. (Some could keep in mind that in 2014, hedgie Barry Rosenstein paid $137 million paid for an property on Additional Lane, however that property was in three parcels.) The big, 42-acre oceanfront property, as soon as often called Fordune however now often called Jule Pond, had languished in the marketplace for 4 years, initially at $175 million however with a final asking worth of $145 million.
One other market laggard additionally lastly traded in 2021: Burnt Level, in Wainscott, bought for $47 million, nearly half of the $95 million pharma billionaire Stewart Rahr initially requested when it was listed again in 2015.
Quite a few this 12 months’s prime offers have been finished off market. Calvin Klein astonished the world by promoting an oceanfront property in a clandestine off-market deal for $85 million, a worth that places it at quantity two on our checklist. The ten-acre unfold had lengthy been occupied by Klein’s ex-wife Kelly Klein. Actual property watchers will recall that in 2020, Klein’s sale of his up to date home on Southampton’s Meadow Lane, for about $85 million to trophy property gathering hedge funder Ken Griffin, was the primary sale within the Hamptons. (Calvin — another $85 million properties we don’t learn about? Name us.)
Talking of Meadow Lane, typically referred to as Billionaires’ Lane, for the 1% of the 1% who personal properties alongside the slender beachfront street, the Southampton avenue often dominates the Hamptons prime ten lists, however this 12 months Meadow Lane had simply two entries on the checklist, including as much as $113 million. In the meantime, perennial bridesmaid Additional Lane, in East Hampton, which can be ridiculously ritzy however generally a shade cheaper than Meadow Lane, had an excellent 12 months, with three entries on the checklist including as much as $174 million. We’ve included Spaeth Lane, which is among the tiny oceanfront lanes that lead off Additional Lane, however even if we left it off, Additional Lane would squeak previous Meadow with $114 million in gross sales. There’s all the time subsequent 12 months, Meadow Lane.
Now, to the checklist!
