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
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Together, they are partners in CP Complete. They bring their years of experience
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Paul Guillo And Chris Hall
Two Of The Most Respected Names In The Community
Together, they are partners in CP Complete. They bring their years of experience
and integrity to creating and renovating luxury backyards.
Hamptons luxury real estate specialist for 33 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant.
Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.
Brown Harris Stevens is the quintessential luxury real estate firm, with a history of leadership and a culture of professionalism and discretion dating back to 1873. At every level of Brown Harris Stevens, you will find highly experienced, knowledgeable experts, single-mindedly devoted to your interests and your satisfaction. With offices in the Hamptons, New York City, Palm Beach, and Miami our brokers are exceptional - leading the field with the quality of their work ethic, their outstanding success rate and the sheer quantity of their transactions.
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