Most expensive Hamptons home sales of 2025: $115M Amagansett purchase set a record

A $115 million sale of an 8½-acre swath of ritzy Hamptons real estate to a billionaire broke records this year as the most expensive home sale on Long Island — and the highest price ever paid for a single parcel in the Hamptons.

 Billionaire investor Len Blavatnik joined the ranks of the ultra-wealthy few who have spent more than $100 million on a Hamptons home. His purchase of 408 Further Lane comes amid a hot market for Hamptons luxury real estate, with deals remaining near record levels, said Jonathan Miller, president and CEO of Miller Samuel, a real estate appraisal and consulting firm.

Hamptons home sales have seen their fair share of eye-popping upswings, with prices skyrocketing after the COVID-19 pandemic. While prices have moderated in the years since, strong performance on Wall Street and record bonus compensation have continued to push up demand for luxury Hamptons real estate, Miller said.

Wall Street firms awarded their employees $47.5 billion in bonuses in 2024, up 34% from the year prior, and that bonus pool is expected to increase again in 2025, according to the most recent New York State comptroller's report.

"When you've had two years of record or near-record compensation, that says a lot about influencing the high-end consumer to make high-end purchases," Miller said. "All of a sudden, there's a lot more cash-chasing after a limited number of choice locations."

Those choice locations were concentrated on the exclusive Further Lane this year, including Blavatnik's new home, the $70 million sale of 370 and 372 Further Lane and the $48.5 million purchase of 294 Further Lane in East Hampton. But Meadow Lane also saw some action, with 1010 Meadow Lane in Southampton selling for $55.75 million in August and Swedish billionaire Thomas Sandell offloading his unfinished, Moroccan-style mansion at 1320 Meadow Lane for $40 million in March, according to property records and The New York Post.

Six Hamptons homes traded for more than $50 million in 2025, the highest number of deals at that price point since the pandemic peak of eight such sales in 2021. These purchases reset prices in the region, providing "a firm footing for achieving that in the next sale, or the sale after that," Miller said.

"You have a part of a population that wants to live in that location no matter what," Miller said. "With the significant inflow of wealth into the Hamptons, some of these submarkets just explode in value that doesn't seem rational."

The broader Hamptons market has also seen higher prices as competition increases for a small number of available homes. The median sales price in the third quarter reached $2 million, a 30% increase over the same period in 2024, Newsday reported.

Miller expects to see more sales in 2026 if interest rates decline in the broader market. Luxury buyers have access to cheaper rates through alternate means of financing, but high interest rates can cut into the lower end of the market, Miller said, which is performing more poorly than the luxury sector.

"If rates continue to drift lower, you're going to see a rebound in activity in the lower two-thirds of the market," Miller said. "The upper third is just going to continue at its current pace, assuming [there are] no surprises."

1: $115 million: 408 Further Lane, Amagansett 

Blavatnik broke Hamptons records when he reportedly spent $115 million on an 8½-acre property sold by Terry Semel, the former chairman of Warner Bros. and Yahoo!, in the largest sale of a single Hamptons parcel.

The lot includes a modern, two-story home outfitted with large windows, a dark wood facade and solar panels on the roof, plus a guesthouse cottage, according to property records and images of the home. But the parcel itself is the true prize, stretching all the way from forested land owned by The Nature Conservancy to Further Lane — a road populated by some of the nation's most expensive homes, property records show.

While combined Hamptons parcels have sold for higher prices in recent years, this deal is the largest for any single parcel in the tony neighborhood, Miller said. It's also more than double what Semel bought the property for in 2005, according to property records.

"When I think of the high-end, Further Lane always comes to mind," Miller said. "Those locations are so difficult to recreate in new construction that to get those locations, you have to pay those kinds of numbers."

A spokesperson for Blavatnik's nonprofit, the Blavatnik Family Foundation, declined to comment on the deal.

Semel bought it for $43 million from Blackstone CEO and Chairman Stephen Schwarzman in 2005, according to property records. Schwarzman acquired it for far less, buying the lot at auction in 1992 for $4 million. At the time, the property held just over 15 acres, but 6.1 acres of the land were later donated to The Nature Conservancy, according to property records.

Blavatnik's new digs sit near neighbors Jerry Seinfeld and art dealer Larry Gagosian, but the Ukrainian-born billionaire and Warner Music Group investor is not new to the region; Blavatnik already owns another smaller house on Further Lane, plus an estate on Dune Road in Bridgehampton, The Real Deal reported.

It's unclear if Blavatnik, who made an early fortune selling his share of a Russian oil company, plans to keep the property or build his own home on the parcel. 

2: $70 million: 370 and 372 Further Lane, Amagansett

This 7-acre swath of land has a 10,000-square-foot home and a guest barn. But it was the surrounding nature and oceanfront views — not just its size — that helped it fetch $70 million in February, said Douglas Elliman's Martha Gundersen, who represented the buyer in the deal with Paul Brennan, also of Douglas Elliman.

Famed interior designer John Saladino designed the sprawling five-bedroom home based on the architecture of early 18th-century farmers, Saladino wrote on his personal website in 2023, two years before his death. Nestled on a high sand dune, the home overlooks the Atlantic Ocean with 220 feet of private beach, west of Indian Wells Beach in Amagansett.

Saladino custom-designed the house and guest barn, which was completed in 1990 for the Wall Street financier Brian Little, who died in 2000, and his wife, Judy Little, who listed it for $89 million last year, The Wall Street Journal reported. Little plans to spend more time with her family in California after selling her home of more than three decades, Gundersen said. Frank E. Newbold, an agent with Sotheby's International Realty, represented Little in the transaction. Newbold did not respond to requests for comment. 

The main house sports a brick facade, five fireplaces and a 55-by-15-foot pool, Gundersen said. North of the home sits a barn and guest house the Littles imported from Vermont, outfitted with two bedrooms, two bathrooms, a recreation room, three fireplaces and an attached three-car garage.

An unknown buyer, under Further Lane EH LLC, purchased both properties in two transactions: $56 million for the main house and $14 million for the barn. While Gundersen declined to share the buyer's identity, she said they were drawn to how the property's brick and stone facade mirrored the natural landscape that surrounded the home.

"It's a work of art and they recognize it as such," Gundersen said. "It has an organic and historic sense to it."

3: $66.75 million: 105/111 Lily Pond Lane, East Hampton

This oceanfront estate in East Hampton closed for $66.75 million in August. Spanning 8,400 square feet, the property boasts 11 bedrooms and 10 bathrooms.

The house was built in 1916 for William H. Woodin, who served as treasury secretary under President Franklin D. Roosevelt, its building-structure inventory form shows.

The house, on Lily Pond Lane, is part of East Hampton's summer colony historic district. These rolling fields near Main Street were developed by artists in the late 19th century.

"It's very high up on the dune," said James Petrie, of Compass. He co-listed the property with Ed Petrie and Charles Forsman. "It was halfway down the street, so it was perfectly positioned on the road, in terms of distance from the ocean and distance from the village."

The home is known as "Dune House" and sits on 2.85 acres. The sale came with a vacant 1.85-acre lot, "so the next owner could create a compound, having the oceanfront house and a secondary residence on the interior," Petrie said.

The architecture is attributed to Grosvenor Atterbury, according to the building-structure inventory form, who is also known for designing the Parrish Art Museum in Water Mill. That record also indicates it cost $30,000 to build the house — approximately $936,000 today, according to the U.S. Bureau of Labor Statistics.

"The house had been in a very similar state since it was probably built in the early 1900s," Petrie said. "So it hadn't gone through any major renovations, and a lot of the character and details were still in place."

The property was listed in March for $79.5 million. The team found its buyer by contacting other top brokers and using their referral network, Petrie said.

"There's probably only going to be five or 10 people who are actively looking for something like this," he said. "So you don't have to really broadcast it too far to find the people at this level, I'd say."

4: $58 million: 165 Surfside Dr., Bridgehampton

This modern glass and steel home comes with 125 feet of ocean frontage, a combined pool and Jacuzzi, and a putting green on the roof for its new sporty owners. 

Wyc Grousbeck, the co-owner of the Boston Celtics, and his wife, Emilia Fazzalari, a producer and philanthropist, bought the Bridgehampton home from seller and Hamptons luxury real estate developer Joe Farrell for $58 million in November, The New York Post reported. The deal comes just months after Grousbeck sold his controlling stake in the Celtics to Bill Chisholm, a private equity executive, in a deal valuing the team at $6.1 billion.

Farrell completed the roughly 8,200-square-foot mansion in January, according to the Southampton Town assessor's office, making it one of the newest homes in ritzy Bridgehampton. 

"What made it so desirable was that it was new construction," said Compass' Richard Steinberg, who represented the buyers in the deal, though he declined to comment on their identity. "It was very sleek and stylish."

The home includes nine bedrooms, though one can be used as a flex room, Steinberg said, plus nine full bathrooms and one half-bath on 1.24 acres, according to the town assessor. But one of its finest features is the house's "breathtaking ocean views," Steinberg said.

Farrell is well-known in the region, having developed a handful of other homes in Southampton and Bridgehampton, including his own home next door.

5: $57 million: 125 Mid Ocean Dr., Bridgehampton

Shutterstock founder Jonathan Oringer sold this modern, eight-bedroom house at 125 Mid Ocean Dr. for $57 million in October — before the home was even listed on the market, said Paul Brennan of Douglas Elliman.

"It's a very modern masterpiece," said Brennan, who represented Oringer alongside Douglas Elliman's Gundersen and Erica Grossman. "There's not very many nice houses that you can move into on the ocean like this. It's quite special."

Oringer bought the roughly 10,300-square-foot glass and steel property in 2014 for $40 million, according to Suffolk County property records. At the time, Oringer was looking for a home in the Hamptons and was drawn to the house's modern design and views of the ocean. He snapped up the house just before it was completed in an off-market deal, Brennan said.

Designed by modernist architects Barnes Coy Architects, the home has a gunite infinity pool, nine full bathrooms, three half-bathrooms and 160 feet of private beach frontage. It's on a 2.2-acre swath of land just east of Mecox Beach.

Oringer first listed the property for $52 million in 2021, according to a Zillow listing, after he purchased a Miami Beach mansion in Florida the year before, South Florida Business Journal reported. Now that he's sold his Hamptons home for $57 million, Oringer plans to spend more time in Miami and Aspen, Colorado, Brennan said. Brennan declined to disclose the buyer, who was represented by Terry Cohen, of Compass. Cohen declined to comment on the transaction.

Brennan said he was optimistic that 2026 would be another strong year for the luxury market, especially given the limited number of super high-end homes.

"I think people are tired of sitting around and waiting, and they're going to go ahead and buy," Brennan said. "I'm looking for 2026, especially the first half, to be very good."