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11/2/2009 | Source:

Half of Sagaponack Greens has been sold
Author: Laura Mann
Click Image To Enlarge
Click Image To Enlarge

Even though half the buildable lots at Sagaponack Greens have now been spoken for, if you’re looking to establish an estate near the ocean, there is still hope.

 

Four contiguous parcels of vacant land, totaling more than 6.5 acres, remain available. Each lot stretches over 1.63 acres and is priced at $5.95 million if purchased individually. There also is a 25-acre reserve next to the lots, available for $4 million.

 

The property is owned by Alan Schnurman, partner in the law firm Zalman and Schnurman of 1800lawline.com.

 

The land is co-listed by Gary DePersia of The Corcoran Group and Paul Brennan of Prudential Douglas Elliman Real Estate.

 

Sagaponack Greens originally went on the market for $64.5 million for the entire 41 acres comprised of the reserve and eight buildable lots. The price was lowered early this year to $47 million. The remaining four lots and reserve can now be had at $27.8 million. Schnurman reportedly purchased the spread in 2005 for $25 million.

 

DePersia told Newsday earlier this year that no matter how a builder positions a house on the land, each lot would afford “first-floor views” of the ocean. Ira Rennert’s 60-acre spread is a stone's throw away.



231 Hedges Lane

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