$103 million for a residential property? Not even with a house on it? That’s what various sources say financier Ron Baron is about to pay for the 40-acre oceanfront property in East Hampton owned by oil heiress Adelaide De Menil Carpenter. Forget about breaking the previous Hamptons real estate record of $45 million (a Wainscott purchase by pharmaceutical CEO Stewart Rahr in ’04); this sale would be a national record for a residential property, surpassing the $70 million shelled out for the Palm Beach estate of Ron Perelman, who also has digs here. The East Hampton office of the Corcoran Group is said to have brokered the deal, though the company isn’t saying anything publicly yet. In fact, although Newsday, the Post, Yahoo business and Bloomberg say it’s a fait accompli, New York Magazine’s Intelligencer reports that Baron’s publicist has denied the whole thing.The property is on Further Lane, next to an estate Baron already owns. One of his neighbors is Jerry Seinfeld.De Menil Carpenter recently donated six historical houses on the property to East Hampton Town. On our site watch a video of them being moved.
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