Press Release: February 18, 2014
Town & Country’s Annual Top 10 Most Expensive Sales of 2013 is actually Top 12 since 2 price points ($25M and $24M) posted 2 sales each. Number 1 leads off, as anyone could have guessed, with Steve Cohen’s purchase of 52 Further Lane oceanfront property in East Hampton Village with a sale price of $62.5M.
The second highest sale recorded in 2013 can arguably trump Mr. Cohen’s purchase since Vince Camuto sold not only his oceanfront home on 5 acres for $35M but also sold his 4 additional surrounding vacant lots at $10M each for a total of $75M. Town & Country’s Top 10 Most Expensive Sales are based on individual properties – even back in 2007 Ron Baron’s purchase of the deMenil Carpenter property on Further Lane totaling $103M for 40 acres of oceanfront held the #1 and #2 spots at $58M for 260 Further Lane and $45M for 278 Further Lane respectively.
While Southampton and East Hampton’s estate areas continue to be the dominant forces on the high end, Southampton Village was the show stopper with 6 top transfers.
Ordinarily, 80% of the Top 10 Most Expensive Sales are waterfront. In 2013, 90% were waterfront, and all but one were ocean front. The #9 position was to Michael Davis’ 79 Parsonage Lane at $21M – an impressive price for an inland SFR!
To view all Top 10 Most Expensive Sales click here.
Judi A. Desiderio, CEO