Oceanfront Estate Breaks Record for Hamptons Highest Sale of the Year

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Hamptons

Sold for $31 million, a charming oceanfront home in Southampton broke the record for the highest sale of the year so far in the Hamptons, local publication 27East.com reported.

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That record was previously held by East Hampton’s 32 Middle Lane, which was owned by late Texas financier, Daniel Breen, and sold for approximately $25 million last month.

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Built in 1997, the estate at 328 Gin Lane was originally listed for $39.5 million in 2014 and more recently, for $32 million.

Hamptons

The 2,500-square-foot residence, sited on 2.64 acres, has four bedrooms and two-and-a-half bathrooms. Outside, there is a heated pool, bordered with elaborate sculptures, and a tennis court.

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The sellers were the children of the late businessman John F. Poster, who died in 2014. He bought the property for $175,000 and also owned an apartment in New York City at 1010 Fifth Ave.

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The listing at 328 Gin Lane was held by Beate Moore of Sotheby’s International Realty.

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Images courtesy of Sotheby’s International Realty

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