The owner of a Hamptons real estate firm has an accepted offer on his Sagaponack property, real estate sources say.
Andrew Saunders of Saunders & Associates is asking $14.9 million for the unfinished Gibson Lane home, which has views of the ocean. Saunders declined to comment on the property, shown above.
The 7,500-square-foot house is expected to be complete by June, with seven bedrooms and 7.5 bathrooms. The 1.1-acre property will have a pool, a poolhouse with a kitchen and bathroom and an outdoor fireplace, according to the listing.
Public records show that Saunders purchased the vacant land in July 2009 for $3.5 million.
He isn’t the only Long Island real estate executive selling a home.
Emmett Laffey, chief executive of the Laffey Organization, has listed his five-bedroom, seven-bath, one-half-bath home in Matinecock, left, for $3.295 million. “It’s a classic, all-brick Georgian Colonial,” says Laffey, whose company includes Century 21 Laffey Associates and Coldwell Banker Laffey Associates.
Laffey says he has lived at the home for 10 years, adding a 1,000-square-foot master suite with his-and-her-bathrooms and a fireplace.
“It’s been a great home,” says Laffey, who is moving to Lloyd Harbor.