Southampton is the oldest and largest of communities in the summer colony known as The Hamptons.It is also arguably ⦠Phyllis Pressman now spends much of her time in Florida and does not often use the house, according to The Wall Street Journal. Business Insider also reported that one of the many mansions in the enclave of Billionaire’s Lane sold for a whopping $84 million in a private deal early this year. Real estate is in my blood thanks to a realtor for a mom and a property developer/landlord for a dad. A billionaireâs plans to relocate a mansion from its current location to a 4.8-acre parcel in Amagansett have been halted, 27east reported. New York is home to some of the countryâs most expensive real estate but the five-mile stretch of land on Meadow Lane in Southampton proves to be one of the most expensive neighborhoods in the nation and has been dubbed Billionaire Lane. The Pressmans built the roughly 6,000-sq. Business Insider toured Billionaire’s Lane earlier this year and took pictures of the various manors and mansions that populate the enclave. The beach mansion, which sits on 3.2 prime acres at 950 Meadow Lane in Southampton, was an off-market deal. © 2021 Forbes Media LLC. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. The Real Deal reported that the interiors are contemporary, in stark contrast to the countryside aesthetic pushed by the exterior of the home. If you have tips, story ideas or listings to submit for consideration, email me at mbrennan@forbes.com. The current owners paid $21 million in ⦠Forty bucks will buy you a parking spotâat least for the dayâand access to the beach is free. The actual home used in âBillions,â located at 1610 Meadow Lane, isnât currently for sale. Too rich for your blood? Meadow Lane is one of the most expensive addresses in the country, and no wonder -- it runs along a coveted beachfront strip in one of the most exclusive towns in the Hamptons. Before taking on the real estate beat, I worked as an Anchor/Reporter in Forbes Video. According to Mansion Global, the Hamptons home in the enclave of Billionaire’s Lane is owned by Phyllis Pressman, the wife of late Barneys New York department store chair Fred Pressman. One of the wealthiest residents of the neighborhood included businessman David Koch, who had a net worth in the billions and died last year. The home also features a large entry foyer, a tennis court and a pool. The Digs: Listed for sale in 2008 for $38 million before coming back off the market, the 6,300-sq.-ft. oceanfront estate has 6 beds, 8 baths and a gunite pool. Read my Forbes column here. The former beachfront getaway of the late Union Pacific ⦠The Digs: A 10,640-sq.-ft. stucco palazzo with both ocean and bay views, 10 beds, 12 baths, a pool, a tennis court and a guesthouse. Check out the Hamptons homes of Anderson Cooper, Beyoncé and Jay Z, Julianne Moore, Robert Downey Jr., and many more on Heading Out, a new destination for Out East stories. I have been both a homeowner and a renter in the New York area and can't decide which I prefer. These days I shoot videos of crazy homes. Meadow Lane Is One of The Most Expensive Addresses In The country. “While there were some exceptions, I could barely see many of the homes along Billionaire Lane. Real estate is in my bloodâ¦. D. Owner: William Salomon, Salomon Brothers â¨. Unique Oceanfront Hamptons Home On The Prestigious âBillionaire Laneâ On The Market For $52.5 Million. A 6.7-acre oceanfront property on Windmill Lane in East Hampton, which recently sold for $45 million, was the highest sale in the area since 2016. This is his much Hedgie Edward A. Mule of Silver Point Capital owns this 8000sf house. New York Post Jennifer Gould Keil. The 5-mile-long road sports a private helipad that can rush residents to Manhattan in 20 minutes, but conveniences like that cost serious cash: The median sale price for a home here last year was $18 million, according to PropertyShark. The Digs: The 4-lot compound stretching from ocean to bay was the backdrop to a massive Elton John-serenaded birthday bash last year. The neighborhood’s affluence is most pronounced in the fact that a nearby private helipad exists to take wealthy residents to Manhattan in less than an hour. 257 Further Lane, East Hampton, New York, United States, 11937. One peninsular stretch along Meadow Lane in Southampton, NY has long been dubbed âBillionaire Laneâ for its concentration of high dollar beachfront properties and wealthy residents. L. Alejandro Santo Domingo Davila, Santo Domingo Group. The nickname comes from its collection of ultrawealthy residents over the years, from late billionaire conservative donor David Koch — who was worth $58.7 billion when he died in 2019 — and hedge-fund founder Daniel Och, who’s worth $3.2 billion. The population was 3,109 at the 2010 census. The Digs: A 3-lot compound that includes a 6,100-sq.-ft. oceanfront beach house and a 6,000-sq.-ft. bayside guesthouse purchased separately in 2011 for $10 million. The announcement of the enclave mansion in Billionaire’s Lane going up for sale comes about a week after the Hamptons “White House” found a buyer. Schrager has owned the property since the â80s; regrets ânot buying the house next door.â. The Montauk Branch of the Long Island ⦠The roughly 6,000-square-foot house, which sits on Southampton’s Meadow Lane, one of the most expensive and exclusive enclaves in the Hamptons, has a kind of fairy-tale look, with a wood-shingled roof that resembles thatching. Built ⦠Looking for quality home furniture and recliners? C. Julia Vance Carter, attorney, real estate investor. The Digs: A stone oceanfront home with 10 beds, 10 baths and a tennis court. I cover real estate, writing about everything from trends in the housing market to ultra high-end luxury listings to data-based cities lists. The home spans 6,000 square feet on Meadow Lane, one of the more exclusive and expensive neighborhoods in the already exclusive and expensive Hamptons. The Hamptons, part of the East End of Long Island, comprise a group of villages and hamlets in the towns of Southampton, East Hampton, which together form the South Fork of Long Island, in Suffolk County, New York.The Hamptons form a popular seaside resort and one of the historical summer colonies of the northeastern United States.. Dune Road Is Falling Into the SeaâUnless the Billionaires Can Save It The 13.9-mile-long sand barrier is the geographical beginning of the Hamptons, the ⦠An oceanfront mansion in a wealthy enclave of Long Island known as Billionaire’s Lane is now up for sale for the exorbitant sum of $52.5 million. The beach mansion, which sits on 3.2 prime acres at 950 Meadow Lane in Southampton, was an off-market deal. All Rights Reserved, This is a BETA experience. I cover real estate, writing about everything from trends in the housing market to ultra high-end luxury listings to data-based cities lists. Owning a big apartment in New York City is great, but having a mansion in the Hamptons is a privilege only the 1% of the 1% can enjoy. Katie Warren/Business Insider Hamptons real estate remains in high demand, breaking more ⦠You may opt-out by. An oceanfront home on one of the poshest streets in the Hamptons has sold for $35 million. The Hamptons are awash with ritzy addresses, but perhaps no street boasts more billionaires than Southamptonâs Meadow Lane. foot home about 45 years ago and features a unique wood-shingled roof that resembles thatching. If youâve seen ABCâs popular drama series Revenge, then there is a good chance you might recognize this East Hampton estate as the fictional Grayson Manor â or at least a version of it. Here's a snapshot of this exclusive street, where the estate of late private equity billionaire Teddy Forstmann recently fetched $24 million (further west, not pictured). The Hamptons are awash with ritzy addresses, but perhaps no street boasts more billionaires than Southamptonâs Meadow Lane. The tiny hamlet of Montauk (population 3,518) is literally as far from Billionaires Lane as you can get in the Hamptons. According to The Daily Mail, median sale price for one of these mansions was around $18 million in 2012. ALL RIGHTS RESERVED | 1211 AVE OF THE AMERICAS, NEW YORK, NY 10036, An Oceanfront Home in One of the Hamptons’ Most Exclusive Enclaves Asks $52.5 Million, Mansion on Southampton’s Meadow Lane asks $52.5M, I drove down ‘Billionaire Lane’ in the Hamptons, where Wall Street execs, CEOs, and celebrities live in multimillion-dollar mansions — take a look at the famous beachfront stretch, Welcome to ‘Billionaire Lane’, the five-mile stretch of the Hamptons where 13 mega-rich CEOs, tycoons and celebrities own enormous luxury mansions that cost up to $75MILLION. But the five-mile stretch of land on Meadow Lane in Southhampton proves to be the priciest neighborhoods in the world, which boasts ocean front properties along seven miles of shoreline ⦠Southampton is a village in Suffolk County, New York, United States.The village is named after the Earl of Southampton.The Village of Southampton is in the southeast part of the county in the Town of Southampton. The Hamptons' billionaire lane, mapped (Feb 18, 2021) The designer's estimated net worth is about $700M. The seven-bedroom mansion sits directly on the ocean on Meadow Lane, which is home to a number of financiers, celebrities and business magnates in the enclave popularly known as Billionaire’s Lane. Easily share your ⦠Get the latest news and important stories. Meanwhile, the West Dune Lane property came with two mansions, designed by Robert A.M. Stern, on the 3.4-acre property and a ⦠26 & 32 Windmill Lane | $45 million. Relax in clean, fresh East Lansing hotel rooms at Hampton Inn East Lansing, MI. The Digs: The main 3.4-acre oceanfront spread was purchased in 2001 from the late Argentinean billionaire Amalia Lacroze de Fortabat for $6.8 million. I am also a regular guest on the 'Forbes on Fox' show on Fox News every Saturday morning and can sometimes be found discussing the major business headlines of the week on MSNBC's 'Weekends with Alex Witt.' The Digs: A French Norman manse touting a poolside buffet room, â¨Coney Island-inspired game rooms and a circus-themed dining room, â¨sprawled across 6 acres. ... hamptons.curbed.com Hamptons mansion on âBillionaire Laneâ sells for $35M. Knewz delivers a well-rounded view of the news from local sources, national media, and everything in between — left, right, and center — so you are informed on all sides of the issues. I write about real estate markets, outrageous homes and cities. 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