Historic Hamptons Site Listed For $81.5 Million

by Deidre Woollard (RSS feed)
Aug 31st 2010 at 6:01PM

A massive swath of land in Southampton, New York just hit the market for $81.5 million. The Olde Towne Association has unveiled its completed 50-acre historic site. The site includes the largest mature tree move in history and offers seven building parcels for sale for a total $81.5 million, the largest land offering in Southampton Village. The four acre individual lots are available from $10.5 to $13.5 million dollars, some with second floor pond and ocean views.

Andrew Saunders of Saunders & Associates is the listing real estate broker and calls the area one of the "most rarified settings in the Hamptons."

The property is the site of the first English settlement in New York and developer Bob Gianos, founder and president of East End Properties LLC is only the seventh titled owner in 370 years. He has created a total of 10 buildable parcels with a central tree-lined green area of open space, a nature preserve at one end and open meadows at the other, a total of over a third of the space of the entire property. A separate set of roads enter from the rear of each parcel for construction and service. Gianos donated 5.5 acres to the adjacent Fowler Nature Preserve and partnered with the Community Preservation Fund to create a separate park across the street.

Tags: hamptons, hamptons real estate, southampton, southampton village