Two Southampton lots sell for $24.5 million

Two adjacent four-acre parcels in Southampton Village recently sold to an unnamed buyer for $24.5 million. The Captain’s Neck Lane land was owned by Danmi, LLC, backed by developers Bruce Lifton and Jason Green.

Tim Davis of The Corcoran Group and Harald Grant of Sotheby’s International Realty were exclusive co-listers on the property, and Harald Grant and Corcoran’s Rik Kristiansson worked with the buyer.

The nearly nine acres of waterfront property was purchased by Danmi LLC in 2007 for $21.3 million, and subsequently divided into two lots. In 2009, Danmi presented plans to Southampton Village to build an 11,000-square-foot home on one of the lots. Grant cited a confidentiality agreement in not divulging the identity of the buyer, but says that plans are afoot to build two homes, one on each lot. “It’s wonderful property, with over 600 feet of waterfront and beautiful docks,” Grant says.

Tim Davis says that the property, which is situated on Heady Creek, is, “one of the most prime locations, and one of the few bodies of water within the village with access to Shinnecock Bay and the ocean. It’s quite unique.”

Corcoran Group photo