East Hampton Home Sells for $45 Million

Last Friday, the East Hampton, 6.7-acre oceanfront estate at 26 and 32 Windmill Lane for Union Pacific Former President and later Chairman of the Board, James Evans was sold for $45 million, being the largest transaction of the year according to the Wall Street Journal.

The estate comprises two parcels--including one with a 5,500-square-foot, five-bedroom, six-bath main house on designed by architects Zwirko & Ortmann, which is sited on 5.4 acres, and a separate nearly 1.3-acre parcel with a four-bedroom, two-and-a-half-bath guest house with pool. 

Walls of windows and outdoor living spaces offer 180-degree ocean views at the compound, which offers the unique possibility for easy expansion and development without going through the variance process. Options include adding a north-south-facing tennis court and a 60-foot-long ocean side pool. Zoning also allows for an approximately 12,500-square-foot new house with a full finished lower level to be built on the primary lot, and a new, approximately 6,000-square-foot cottage with a full finished lower level to be built on the secondary lot. Gary DePersia of Corcoran brought the buyer. 

The listing was co-exclusively represented by Paul Brennan and Martha Gundersen of Douglas Elliman, and Valerie Smith and Frank Newbold of Sotheby's.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.