Fully Remodeled $70M East Hampton Estate Is Most Expensive New Listing
Fully Remodeled M East Hampton Estate Is Most Expensive New Listing
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A glorious modern beach retreat in East Hampton, NY, is the week’s most expensive new listing on realtor.com®, priced at a jaw-dropping $70 million.
The beautiful spread measures 13,699 square feet and has seven bedrooms and 10 baths. It also comes with a detached two-bedroom guest cottage, office, garage, fitness room, and 62-foot-long lap pool.
“The market on the east end of Long Island continues to be incredibly strong,” says listing agent Tal Alexander. “Over the past 18 months there have been at least four sizable trades of high-end properties in East Hampton alone, and this property outshines all of them.”
The owner, reported to be hedge fund executive Barry Rosenstein, has invested in companies such as Whole Foods and Blue Apron. He created this delicious offering by rebuilding a 1920s shingle-style home with architect Rick Cook of CookFox Architects.
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The exterior features eye-catching, multicolored stains and cedar cladding. According to the listing, it’s “the first move-in ready oceanfront home to come to market in East Hampton in decades.”
The main home features natural landscaping, with 20-foot-tall hedges providing the exclusive real estate with plenty of privacy. There are seven luxe bedrooms with en suite baths; the master bedroom has his-and-her baths and dressing room. There’s a custom Valcucine kitchen with high-end finishes. Outside there are shaded pavilions and a private path to the beach.
According to multiple reports, Rosenstein has an eye for Hamptons real estate. In 2014, he bought what’s been called the country’s most expensive residential sale, a $137 million 18-acre spread, also in East Hampton.
He purchased this vacation home in 2005 for $19.2 million, according to the Wall Street Journal. If it sells for anywhere close to the current asking price, Rosenstein stands to make back all his money and much, much more.
For those with the bank account to pick up this property, there’s not much to do around the place but sit back and relax. And for some, that could be absolutely priceless.
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