You know how it goes. You buy a nice new property for $137 million on the ocean in East Hampton, and you plan your new house, but it’s going to take years, so you hold on to your older East Hampton oceanfront property. Finally, the new house is starting to come together, so you put the other property on the market for $70 million. We’ve all been there, Barry Rosenstein.
According to the Wall Street Journal, the listing agents for the Drew Lane, East Hampton, property are Tal Alexander and Oren Alexander of Douglas Elliman in New York. Rosenstein paid $19.2 million for the property in 2005, and then hired Rick Cook of CookFox Architects to design a house. (Cook also designed the new house.) There’s 1.5 acres of land with a long lap pool, the seven-bedroom, 9.5-bathroom house, a two-bedroom guest cottage, and a separate garage with office.
What do you think?
27 Drew Lane, East Hampton