Sold: $100 Million Deal Puts Hamptons On Top

We were getting a little worried, but it's official and it’s good to be back on top again. With the news that billionaire financier Ron Baron has agreed to pay just over $100 million for 40-acres abutting his estate on Further Lane in East Hampton, the Hamptons can comfortably reclaim their rightful spot at the top of the residential real estate records. The deal beats the $45 million that Stewart Rahr paid for Burnt Point on Georgica Pond, the $53 million paid for an Upper East side townhouse and the $70 million that fellow Hamptonite Ron Perelman got for his Palm Beach pad. The 40-acre property, which was owned by Adelaide De Menil Carpenter was front page news back in mid-April when six historic buildings, built in the 18th and 19th century, were donated to the town of East Hampton and moved to other locations. (pictured right) The timing on this deal couldn't have been better—bikini season is just arriving and we were starting to get a little self conscious when we saw Forbes' list of the Most Expensive Homes In The U.S. and we'd slid all the way to number five. But we're back baby, oh yes, we're back.

· $100M+ Home In Hamptons [NYP]
· Record Hamptons Home at $103 Million Signals Market Resilience [Bloomberg]
· In East Hampton, Homes Go Mobile [Newsday]
· House Parade [Dan's Papers]
· Most Expensive Homes In The U.S. [Forbes]