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Hamptons Life

Oct 13, 2014 11:28 AMPublication: The East Hampton Press & The Southampton Press

Halcyon Lodge On Gin Lane Is Sold

Oct 15, 2014 10:35 AM

Halcyon Lodge at 436 Gin Lane in Southampton sold for $16 million on September 19, according to the website of real estate agents Joan and Paul Robinson in Southampton.

According to a Sotheby’s listing, the most recent asking price had been $19.9 million, a downward thunk from an original asking price of almost $25 million a year ago.

On about 1.5 acres with views of the ocean and Old Town Pond, the property contains what has been described as one of the original Southampton Village colony houses, an 1893 “rare surviving example of the Stick Style” of architecture, according to a petition to prevent its demolition on change.org. A glass addition was designed by the renowned modernist architect Philip Johnson in 1951 for Henry Ford II and his family.

The oceanfront estate is in a historic district, and a public hearing for a demolition application filed by the seller, Scott Bommer, earlier this year is on the agenda of the Southampton Village Board of Architectural Review and Historic Preservation for Tuesday, October 14.

Mr. Bommer, of hedge fund SAB Capital, paid $18.3 million for the property in 2006. In July, he also sold Wooldon Manor, at 16 Gin Lane, after purchasing it as part of a 14.5-acre block of property for $75 million at the end of 2013, listing it for $98 million, and then selling it off in chunks, including Wooldon Manor along with about 7.5 acres of property, for $50 million. A local builder was expected to purchase the remaining three 2-acre lots.

Mr. Bommer reportedly purchased three properties on Lily Pond Lane in East Hampton as well this year for a total of almost $94 million.

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a fool and his money
By xtiego (698), bridgehampton on Oct 13, 14 5:33 PM
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