A $79.5M East Hampton home just found a buyer

A grand 110-year-old mansion on iconic Lily Pond Lane in East Hampton — one that was asking a cool $79.5 million — just found a buyer, Gimme Shelter has learned.

While the specific sale price is not yet known until the transaction closes, the big-dollar deal could be one of the highest of the year on the East End. (Still, we hear, the final price will be less than the full ask.) The residence also found a buyer within just 90 days after listing.

Thankfully, this is no tear-down. The mystery buyer, who has multiple homes, plans a restoration, said the Agency’s Dana Trotter, who repped them in the all-cash deal

“It’s an iconic location,” Trotter said, “and it was the right fit for the buyer, who will bring it back to its former glory. That’s their plan. To bring it back to life. It’s a very classic style — not a modern box. It’s a very special home.”

The three-story mansion was built for President Franklin D. Roosevelt’s secretary of treasury, William H. Woodin. Its traditional design is “attributed” to renowned architect Grosvenor Atterbury, according to the listing, from Compass broker Ed Petrie.  

The 8,400-square-foot, traditional shingled home is known as Dune House, as it sits above the dunes overlooking the Atlantic. The property is nearly 5 acres and is made up of two separate lots. Dune House itself stands on 2.85 acres at 105 Lily Pond Lane. It’s adjacent to a second 1.8-acre vacant lot, which was included in the deal, and the new owner has the option to build a ground-up home on it to create a compound.

Lily Pond Lane — along with Meadow Lane, Gin Lane and Further Lane — is known as one of the most prestigious streets on the East End. Past residents of Lily Pond Lane include Martha Stewart and Jon Bon Jovi. The street is anchored by Georgica Beach on one end and Main Beach on the other, and it was part of the original Hamptons summer colony.

This year, Hamptons home sales reached a record high, with the first quarter median price above $2 million for the first time according to a Miller Samuel report. That means, brokers note, that the market heated up before Zohran Mamdani’s mayoral primary win began to scare some wealthy New Yorkers out of the city to places like the Hamptons.

First-quarter East End home sales doubled compared to the same quarter in 2024, while closed sales almost doubled during the same period, from 230 to 420.

“Real estate is always a great investment, especially when there is volatility in the stock market — and you get to enjoy the asset,” Trotter said.