$
115 million was paid for an 8½‑acre parcel on Further Lane in Amagansett, setting a new record for a single Hamptons lot. Billionaire Len Blavatnik, who already owns a smaller home on the same lane and an estate on Dune Road, bought the property from former Warner Bros. chairman Terry Semel. The deal includes a modern two‑story house with solar panels, a guest cottage, and a stretch of land that runs from The Nature Conservancy’s forest to the coveted lane. The price more than doubled Semel’s 2005 purchase of $43 million and eclipses the $4 million auction price paid by Blackstone CEO Stephen Schwarzman in 1992. Blavatnik’s acquisition follows a hot market where luxury Hamptons sales remain near record levels, according to Jonathan Miller, president and CEO of Miller Samuel.
The Hamptons market has rebounded from pandemic‑era highs, driven by strong Wall Street performance and record bonus payouts. In 2024, financial firms awarded $47.5 billion in bonuses—up 34% from 2023—and the pool is expected to grow in 2025. “Two years of record compensation fuels high‑end consumer spending,” Miller said, noting that limited prime locations are now in fierce demand. Further Lane has seen several high‑profile transactions: the $70 million sale of 370 & 372 Further Lane, the $48.5 million purchase of 294 Further Lane, and the $55.75 million sale of 1010 Meadow Lane in Southampton. Swedish billionaire Thomas Sandell sold his unfinished Moroccan‑style mansion at 1320 Meadow Lane for $40 million in March.
In 2025, six Hamptons homes crossed the $50 million threshold, the most since the pandemic peak of eight in 2021. These sales set new price benchmarks, giving sellers a “firm footing” for future transactions. The median sales price in Q3 rose to $2 million, a 30% increase over the same period in 2024, per Newsday. Miller predicts a rebound in the lower two‑thirds of the market if interest rates decline, while the upper third should maintain its current pace barring surprises.
Key record sales:
1. **$115 million – 408 Further Lane, Amagansett**
The largest single‑parcel sale in the Hamptons, the 8½‑acre lot features a two‑story home with large windows, dark‑wood façade, and solar panels, plus a guest cottage. The parcel extends from forested land to the prestigious lane, a location that “is so difficult to recreate in new construction that you have to pay those kinds of numbers,” Miller noted.
2. **$70 million – 370 & 372 Further Lane, Amagansett**
A 7‑acre estate with a 10,000‑sq‑ft home and guest barn. The property’s oceanfront views and 220‑foot private beach contributed to its price. Designed by John Saladino, the house reflects early 18th‑century farm architecture and sits on a high sand dune overlooking the Atlantic.
3. **$66.75 million – 105/111 Lily Pond Lane, East Hampton**
An 8,400‑sq‑ft oceanfront estate built in 1916 for Treasury Secretary William H. Woodin. The 11‑bedroom, 10‑bathroom home sits on 2.85 acres, with an additional 1.85‑acre lot for a secondary residence. Grosvenor Atterbury’s design, originally costing $30,000, remains largely unchanged.
4. **$58 million – 165 Surfside Dr., Bridgehampton**
A modern glass‑and‑steel mansion completed in January 2025, offering 125 feet of ocean frontage, a combined pool and Jacuzzi, and a rooftop putting green. Nine bedrooms and nine full bathrooms occupy 1.24 acres. The property was purchased by Wyc Grousbeck and his wife, Emilia Fazzalari, from developer Joe Farrell.
5. **$57 million – 125 Mid Ocean Dr., Bridgehampton**
A 10,300‑sq‑ft modernist home with a gunite infinity pool, nine full bathrooms, and 160 feet of private beach. Designed by Barnes Coy Architects, the house sits on 2.2 acres east of Mecox Beach. Shutterstock founder Jonathan Oringer sold the property off‑market in October 2025, having bought it in 2014 for $40 million.
These transactions illustrate the Hamptons’ continued appeal to ultra‑wealthy buyers and the market’s resilience amid fluctuating interest rates and economic conditions.
