Behind The Hedges 20.07.2019 11:53 Producer LA Reid's Sagaponack Property Finally in Contract

Producer LA Reid's Sagaponack Property Finally in Contract

January 08, 2019 By Laura Euler

The sale of this attractive Sagaponack property, owned by veteran music industry titan Antonio "LA" Reid and wife Erica, has been a long time coming. It was originally listed back in 2013, asking $19 million, and has been on and off at the market at various prices ever since. It's now in contract with a last ask of $9.95 million, repped by Bespoke. Reid and wife paid $10 million for the property in February 2006. Ouch.

So what was the issue? Aspirational pricing and possibly a dated interior. 2006 was close to the top of the market, and the $13 million asked a year ago was just too high in these more realistic times. And the interiors, described as transitional, are neither the stark modern nor the trad higher-end Hamptons buyers prefer.

We quite like the interiors, though. They're a switch from the all-white look and they're interesting, with beams and natural stone. The house isĀ 9,630 square feet with 8 bedrooms, 9 full and 1 half bathrooms. Particularly notable is the two-story master suite with glass doors to a terrace, a sitting room with wet bar, and a private massage room. The finished lower level includes a wine room, media room and gym.

Outside, there are 3.4 acres of land (very generous), with very pretty landscaping including a lily pond, a gunite pool (natural style, not the rectangle favored today), a tennis court surrounded by honeysuckle, and a "hidden" hot tub.

Congrats to everyone, especially the new owners.

For more, click here. 836 Sagg Main, Sagaponack.

 

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