Top Hamptons developer slashes price on ultra-luxury “Sandcastle”

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Top Hamptons developer slashes price on ultra-luxury "Sandcastle" Real Estate Industry News By ReallyList June 13, 2019 Leave a comment Weeks after reportedly hosting Rudy Giuliani’s 75th birthday party at his amenities-packed East End estate, prominent Hamptons home builder Joe Farrell has trimmed million from its sales price.

Originally with a price tag of $250 million, this luxury mansion nicknamed “Billionaire” is now asking for $150 million. The house at 924 Bel Air Road is being.

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Sandcastle originally went on the market for $59.5 million, according to Curbed, and after the most recent $7 million price cut, it’s down to $42.5 million. As far as we know, Mercuris still hasn’t found true love, but at the rental price of $500,000 for a summer vacation home, we really hope she does.

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According to the New York Post, procreating international entertainment industry power couple Beyoncé and Jay-Z coughed up several hundred thousand clams to lease a significant estate in the Hamptons.

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Top Hamptons developer slashes price on ultra-luxury "Sandcastle" Joe Farrell has reduced the ask for his Bridgehampton megamansion by $10M June 13, 2019 01:00PM

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The Sandcastle (Apartment), Hampton (USA) deals. Apartment info & price. Situated in Hampton, 350 yards from Casino Ballroom and 4.3 miles from Smuttynose Brewing Company, The sandcastle features air-conditioned accommodation with a patio and free WiFi.

Farrell’s signature cookie-cutter McMansions have transformed the Hamptons’ high-end home market, where ultra-luxury sales have slumped so far this year. The purchase price for the Sandcastle has ebbed-and-flowed with fluctuations in the market. Farrell first tried to sell the property in 2009, again in 2011 and 2016, and most recently in 2018.