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Rich Cribs: East Hampton home sells for $25.5M, and more

A Lily Pond Lane mansion has sold for

A Lily Pond Lane mansion has sold for $25.5 million, according to the Long Island Real Estate. The seller, Carol Ann Morgan, is the widow of J. Ronald Morgan, who died in 2007. He was retired chief executive officer of Pershing Limited in London and a former chief executive of Thomson McKinnon Securities. The buyer is listed as ELJA Llc. Published reports say that real estate executive Richard Parkoff is the new owner. The sale took place August 9. John Golden of Prudential Douglas Elliman listed the estate, which features a 10,000 square foot home on 2.87 acres of property with a tennis court and pool. Credit: Prudential Douglas Elliman Real Estate

An East Hampton mansion has sold for $25.5 million, according to the Long Island Real Estate Report. The seller, Carol Ann Morgan, is the widow of J. Ronald Morgan, who died in 2007. He was retired chief executive officer of Pershing Limited in London and a former chief executive of Thomson McKinnon Securities. The buyer is listed as ELJA Llc. Published reports say that real estate executive Richard Parkoff is the new owner. The sale took place Aug. 9. John Golden of Prudential Douglas Elliman listed the estate, which features a 10,000-square-foot home on 2.87 acres of property with a tennis court and a pool.

LAURA MANN

BY THE SEA. A beachfront Amagansett home has sold for $10.35 million. The 4,000-square-foot house comes with an ocean-side heated gunite pool. The Long Island Real Estate Report identifies the buyer as 97 Marine Boulevard LLC; the seller of the four-bedroom, 4.5-bath home is listed as Corleigh Associates. "It's a beautiful property," says Kevin Conboy of The Corcoran Group. He says that at one time the property was a beach cottage with the fifth largest oceanfront footage on the block; the house was built new in 2004, he says. Corcoran's Sally Huns brought the buyer.

LOTS OF GARDENS. This house in Old Westbury is on 2.17 acres. But the backyard seems much larger than that. On the market for $1.775 million, the property backs 200 acres of Old Westbury Gardens. It is one of three houses on a cul-de-sac, says Rhonda Schnissel of Coldwell Banker Residential Real Estate. A commercial builder built the house in 1984 for himself and his family. A quarter of an acre of the yard is landscaped, mostly with vegetable gardens and fig trees. "He did not want a swimming pool," says Schnissel. "He didn't want the responsibility." The house, measuring about 6,500 square feet, has seven bedrooms and 3.5 bathrooms. The asking price was recently reduced by $200,000.

VALERIE KELLOGG


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