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Did Tiger Woods Pay $65 Million in the Hamptons?

At the start of the month, the NY Post's legendary real estate columnist Braden Keil reported on a $65 million sale of an estate in the Hamptons. Now he has said that the exclusive six-acre estate on the enviable Gin Lane has been purchased by Tiger Woods and his wife Elin. The property is anchored by a 3,200-square-foot Colonial Revival main residence, a 7,500-square-foot guesthouse and a four-car garage with staff quarters. We covered the property as an estate of the day in January.

But did Tiger really buy this home? The agent for the property, Beate Moore of Sotheby's International Realty tells Newsday's Laura Mann that Tiger did not buy the property and Radar says they have talked to Tiger Woods's reps who also confirm that Tiger has not bought this property. It's no longer listed so someone did buy, we'll just have to wait for property records to solve this mystery.

Gallery: Gin Lane Estate

Gin Lane Estate, Estate of the Day


Sadly, a $65 million home in the Hamptons barely has the power to shock anymore. The Wall Street Journal recently reported that a Southampton, N.Y., estate formerly owned by Martin "Marty" Richards, who produced the Oscar-winning 2002 film "Chicago" and many Broadway plays, has gone on the market for $65 million.

We've covered Richards before. His riverfront duplex was first listed at $29 million and then went down to $22.7 million. The current owner bought the home from Richards for $23 million in 2003 and is said to have spent $25 million overhauling the property with the help of interior designer Robert Couturier.

This home is located on the very popular Gin Lane and has more than 400 feet of beach frontage. There is an eight-bedroom main house as well as a 7,500-square-foot guest house. The grounds include a tennis court, pool, spa and a lily pond. The main house is one of the oldest summer cottages in the Hamptons. The main manor home is absolutely flawless and the almost six acres are exquisitely done. As the listing says, it is a "true Southampton estate." Is it worth $65 million? I've learned to turn off my inner skeptic when looking at Hamptons listings, there is probably some deep-pocketed person willing to pay exactly that. Yes, even in this uncertain real estate market.

Gallery: Gin Lane Estate

Continue reading Gin Lane Estate, Estate of the Day

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