The sale Tuesday of an oceanfront property in East Hampton for $110 million is the second-largest in Hamptons and New York State history, and the fifth-largest in the country, according to the real estate firm that handled the transaction.
Ed Petrie of Compass brokered the deal of the 6.4-acre property, which comes with 284 feet of beachfront and a 4,500-square-foot, five-bedroom home.
There is no word yet on who the buyer is.
Three limited liability companies purchased one property each in 2014 for a total of $93.9 million, according to public records, and all three properties sold as one. They had not been on the market.
Petrie did not return a call seeking comment.
The sale is a Hamptons record, confirms Jonathan Miller, the president of real estate appraisal firm Miller Samuel, beat out only by an 18-acre East Hampton property that sold for $147 million in 2014. In the United States, it ranks behind nine-figure sales in Palm Beach, Florida; Greenwich, Connecticut; Woodside, California; and another in East Hampton, he says.
“I have been keeping and building a list for a while of sales at or above $50 million,” Miller says.