One of the Hamptons' most significant oceanfront deals of early 2025 wrapped up with the sale of a sprawling seven-acre estate at 370 and 372 Further Lane in Amagansett for a combined $70 million. The transaction, recorded on February 26, 2025 in Suffolk County records, involved two adjacent parcels sold separately but as part of the same buyer agreement.
The core asset at 372 Further Lane includes a substantial 10,000-square-foot primary residence offering about 220 feet of private Atlantic Ocean frontage. The home provides expansive interiors ideal for large-scale entertaining and family living, complete with high-end materials and sweeping sea views. A converted barn-style guest house sits farther back on the property, offering additional privacy and accommodation options away from the main structure.
Originally brought to market in the summer of 2024 with an asking price of $89 million through Frank E. Newbold of Sotheby's International Realty, the listing saw adjustments before closing. Paul Brennan and Martha Gundersen of Douglas Elliman represented the purchaser, identified only as a limited liability company, keeping the buyer's identity private as is typical in this price range.
The dual-parcel structure of the sale allowed for flexible handling of the assets, a tactic often used in ultra-luxury East End transfers to maximize terms and appeal. Further Lane continues to rank among the region's most exclusive streets, prized for its wide lots, direct beach access, seclusion, and easy reach to Amagansett and East Hampton's shops, restaurants, and cultural spots.
This $70 million result ranks as the highest reported single-estate sale in the Hamptons so far in 2025, signaling renewed buyer enthusiasm for rare, large-scale oceanfront properties with immediate usability and strong privacy features. In a market where prime waterfront land remains scarce, deals like this reinforce the area's status as a top destination for global wealth seeking exceptional coastal retreats.
