It all the time pays to have a seaside home. When you’re going to snap one up, then, finest to go huge and get one of many Hamptons’ prime choices. Fortunately, an eight-acre property on Southampton’s tony Meadow Lane has simply listed for a cool $75 million—nice for a weekend getaway or household gathering.
It’s a house with an extended historical past. It was initially constructed for businessman William F. Ladd in 1929. Structure agency Peabody, Wilson and Brown designed the place; it was one in every of many Hamptons properties on their résumé. And but this explicit residence—dubbed Oceancastle for its proximity to the ocean—required a bit extra finesse to create. It’s constructed on prime of a sequence of sand dunes, so there are delicate shifts within the ground ranges and plenty of turns and bends within the total format.
Altogether it’s a roughly 22,000-square-foot parcel. In line with an previous article in The Southampton Press, Oceancastle “appears much less like a person home than some small seaside village in Normandy.” One other architectural quirk: The “stone” partitions are in truth not stone in any respect, as there wasn’t any on the island on the time. The architects used a mixture of sand and cement as an alternative.
There are a whopping 15 bedrooms—seven have ocean views—and two sport rooms for days when the climate is gloomy and you’ll’t hit the seaside. A separate workers wing homes a further 4 bedrooms, and the lounge has spectacular vaulted ceilings and a hearth. The library appears out onto the ocean, and there’s a further outside deck for absorbing the solar or internet hosting mates for a summer time barbecue.
The property has just a few different belongings, too. Along with the historic house, there’s an outside tennis courtroom and pool on the grounds, in addition to 500 toes of personal seaside frontage.
It’s bought some notable neighbors as effectively, together with hotelier Ian Schrager and hedge-fund supervisor Ken Griffin, who purchased Calvin Klein’s previous place. There was a growth within the Hamptons real-estate market as of late, with gross sales surging for the third straight quarter and more and more restricted stock, in line with a Douglas Elliman report.
Nonetheless, there are challenges with shopping for such a storied itemizing. Itemizing agent Tim Davis of Corcoran Group informed The Wall Avenue Journal that he expects the brand new proprietor to undertake a “appreciable renovation and restoration” of the house. Or they may simply scrap the place and begin recent.
Try extra pictures of the Hamptons itemizing under: