A Meadow Lane home has sold for the third time in eight years, this time fetching one of the top recent prices in Southampton.
An anonymous seller reeled in $48 million for the home at 1116 Meadow Lane, Dirt reported. The property, which was asking only $39 million, sold two years ago for $36 million.
The Corcoran Group’s Tim Davis handled the listing of the eight-bedroom, nine-and-a-half-bathroom mansion, which sold in an off-market deal.
According to Behind the Hedges, there was a 12,000-square-foot home built on the site in 2010 with 200 feet of oceanfront; that is what was sold in 2020. Dirt, however, reported the seller developed the land after making the purchase.
Southampton Architectural Review Board planning notes reveal a shingle-style, Alaskan yellow cedar home with white wood windows and masonry composed of white bricks. The listing puts the home at 12,800 square feet on a 3.7-acre property that includes an oceanside pool, terraces and decks, as well as room for a tennis court.
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The property was once owned by electronic dance music pioneer Robert Sillerman, who founded SFX Entertainment. Sillerman put the property up for sale in 2014 for $39 million, along with five other properties.
Sillerman ultimately sold the Meadow Lane property for $37.5 million. Another one of his former properties, 1080 Meadow Lane, is in contract after being listed at $45 million. Sillerman sold it for $38 million in 2016. Harald and Bruce Grant of Sotheby’s are representing the estate.
A third former Sillerman property on the aptly nicknamed Billionaires’ Row remains on the market. The three-acre home at 1100 Meadow Lane is on the market for $39.5 million.
All three properties were marketed together in 2017 as a 14-acre compound asking $150 million. The year’s most expensive Hamptons listing did not find a taker, though.
— Holden Walter-Warner