$24.5 Million House Is Bid Up and Sold for $25.75 Million in East Hampton

The Charles H. Adams Estate, located on 30 Lee Avenue in East Hampton, has sold, and it wasn’t sold at a discount.

The house was originally listed for sale at $24.5 million and in less than a month, it was in contract and I just found out that it was sold for $1.75 million more than the asking price. I can’t even remember the last time I heard about a house being bid up in a price war. Is this simply another sign that the real estate market is turning? I mean seriously, when was the last time you heard about a house in that price range being bid up in value? They almost ALWAYS these days get listed, then drop in price and then get sold below the price drop.

So maybe the market is getting red hot, or maybe this house is just a really, really, ridiculously nice house. You can check out the listing, it’s pretty amazing. The house is historical in many ways.

Built in 1891, designed by William B. Tuthill who basically invented Carnegie Hall, the exquisitely restored masterpiece retains its original splendor including 6 period fireplaces, wood flooring, glass leaded windows, and grand staircase. This estate includes 14 bedrooms, 7 of which are en-suite including the master suite with fireplace, his/hers dressing rooms and baths, enormous chef’s kitchen, elegant dining room, parlor, sun room, game room/office, third- story dome room, staff quarters, total of 10 baths and 2 powder rooms, and family room surrounded by French doors.

Full listing

Curbed Hamptons story

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