East Hampton compound, offered earlier this 12 months for $45M, returns for $72M
They’re flipping out.
One bold purchaser is attempting to flip a record-setting Hamptons property he purchased earlier this 12 months for $27 million greater than he paid for it.
A thriller purchaser purchased a compound on Windmill Lane in East Hampton for $45 million in April. It was the priciest residence sale within the Hamptons since 2016.
He’s now put it again in the marketplace for $72 million.
Maybe this property proprietor is hopeful that the rise in Hamptons residence costs and the demand for lavish properties out east because of the coronavirus will increase his probabilities of getting a purchaser to pay high greenback for the property, positioned at 36 and 32 Windmill Lane.
The compound, repped by Corcoran itemizing dealer Gary DePersia of Corcoran (who additionally represented the vendor when he purchased in April), sits on 6.7 acres, with 300 ft on the ocean.
It was in-built 1989 for the late James H. Evans, the previous chairman of railroad firm Union Pacific, who died in 2015.
The property includes a 5,900-square-foot residence on 5.4 acres, and a three-bedroom visitor home by itself 1.3 acres.
There’s alternative to develop the scale of each properties — and there’s additionally room for tennis courts.
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