One of Southampton's finest estates, Old Trees, has gone into contract. The unnamed buyer snagged the primo property which was listed by Sotheby's Harald Grant.
Okay move over Alpine, New Jersey, Southampton is going to give you a run for your money in Forbes next most expensive zip codes list. Real LI reports that the venerable gilded age Southampton estate “Old Trees” has gone into contract. Harald Grant of Sotheby’s has the listing at $48 million. Located on Lake Agawam with distant ocean views, Old Trees was built by famed architect Goodhue Livingston who chose this 10 acre setting to build his personal residence in 1911 featuring a 3 story Georgian manor house (which codes would prevent today). Livingston was with the firm of Trowbridge & Livingston which designed many important buildings in Manhattan including the St. Regis Hotel.
The gated grounds include the main house overlooking a pool and spa, a guest house with its own pool, an 1800’s barn with guest and staff quarters, a clay tennis court bordered by its famous rose garden, and of course the towering specimen trees along the curving drive which give the estate its name. Owner, financier Donald Burns, had updated the buildings and grounds with state of the art technology and turned it into an entertaining showpiece.
This is good news for two other high end properties listed in Southampton, the $65 million Gin Lane estate formerly owned by producer Marty Richards on 6 acres with 400 oceanfront feet. The current owner, a European businessman, paid $23 million for the property in 2003 and reportedly spent another $25 million to overhaul the 13,000 square foot 8 bedroom main house and 7,500 square foot guest house. The property, listed with Sotheby’s, also has a pool, spa, tennis court and its own lily pond (lilies included). Prudential has another venerable 15,000 foot Georgian Manor in Southampton, “Westerly,” owned by the late financier Howard Gittis with its own pool and tennis court on 15 acres listed at $59 million.
Our real estate columnist Heather Buchanan lives in Sag Harbor. Email her with comments and tips and see more of her writing at HamptonsHeather.com
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