Log In   ·   Become A Member

Sale Of Hamptons Estate Marks Second Largest Residential Transaction In New York

Nicole Barylski

101 Lily Pond Lane in East Hampton. (Photo: Doug Kuntz)

101 Lily Pond Lane, a seaside Hamptons estate, is officially off the market. The East Hampton property was sold for a record $110 million, which marks the second largest residential sale in New York State and fifth largest in the United States.

Natural gas billionaire Michael S. Smith, the chairman and CEO of Freeport LNG Development, bought the impressive Hamptons oasis from hedge funder Scott Bommer of SAB Capital, according to Page Six. The deal was led by broker Ed Petrie of Compass. "We are extremely proud of Ed Petrie and his entire team on closing this historic deal," said Robert Reffkin, Founder and CEO of Compass. "As a new brokerage in the Hamptons, this deal solidifies Compass's position as a major force in the luxury space."

101 Lily Pond Lane features 6.4 acres, including 284 feet of oceanfront, and a 4,500-square-foot, five-bedroom home.


Nicole is the Editor-in-Chief of Hamptons.com where she focuses on lifestyle, nightlife, and mixology. She grew up in the Hamptons and currently resides in Water Mill. www.hamptons.com NicoleBarylski NicoleBarylski




Related Articles:

Be the first to comment on this article. (Just fill out the form below)
 

Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
Location:*
Comments:*
* Comments will be reviewed and posted in a timely fashion
* All fields are required
Question:*
What color is the sky?
(For spam prevention, thanks)
 
 
 
http://www.hamptons.com/gallery/ads/2362.gif
http://www.hamptons.com/gallery/ads/2003.gif
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Southampton Masonry-Visiting the Southampton or the Wainscott locations is an exciting experience.
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff. Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.

Southrifty Drug 54 Jagger Lane, Southampton Village
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.

Burner Law Group, P.C.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.

New York Title Abstract Services, Inc.
We are a title insurance services company dedicated to promptly delivering fully compliant and accurate reports, and title insurance, for residential and commercial real estate throughout New York State. Headquartered in the Hamptons, our professional team has extensive real estate experience and understands the business from all sides including title insurance, legal, sales, governmental, banking, and lending regulations.