Real Estate News

After ‘The Longest Time,’ Billy Joel Sells Sagaponack Home

Billy Joel has finally closed on the sale of his Sagaponack mansion, reportedly for $19 million.

The 5,500-square-foot home at 9 Gibson Lane on 145 feet of beachfront was originally built for another East End notable, Jaws star Roy Scheider, who sold it to the Piano Man in 2007. Designer Nate Berkus was brought in by Joel’s then-wife, Katie Lee, to redo the interior, which boasts four bedrooms, six-and-a-half bathrooms and a chef’s kitchen with ocean views. Joel put the home back on the market for $22.5 million in 2009, cut it to $18.5 million, then to $16.8 million, then took it off the market, then put it back up for $23.5 million, cut it to $19.95 and finally sold it to a mystery buyer.

Joel found a buyer back in July, but the deal just closed now. Newsday.com reports, according to an unnamed source, the final sale price was $19 million.

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