The Covid-19 pandemic has made urbanites look for less dense and spacious properties in Hamptons. Due to the pandemic situation still dragging, people decided to buy beachfront homes on Long Island. With the new work from the home norm and low-interest rates, investors are planning to buy second homes.
Hamptons soon became a co-primary market because people are working on Zoom. Commutes will be long but not frequent. Today, there is a demand for more indoor and outdoor space in the Hampton real estate market because remote schooling and work still persist. There is a segment of high profile customers who are looking to invest in heritage properties having historical significance.
The Linden Estate in Southampton NY that was listed at $49 Million a few years ago is asking a whopping $69.95 Million. It is a historic residence situated in NY Hamptons that has hit the market for $69.95 Million. It was listed by real estate agents Harald Grant from Sotheby’s International and Tim Davis from Corcoran Groups.
The owner of Linden Estate in Southampton NY is a co-founder of fashion brand Esprit, according to real estate records. He purchased the property in 2002 for $8.5 million. There is also a disclosure that the Linden Estate was transferred to their holding company in 2007. Linden estate was renovated and listed for $60 million in 2008. The property did not sell for 4 years and in 2021 the capacious property was offered for rent with a monthly fee of $850,000.
There are speculations that the Linden Estate in Southampton NY was sold to Jim Clark, the founder of Netscape for $49 million. Nevertheless, the public documents reveal that the estate is still in the name of its original owner Juergen Friedrich. Within a year of these rumors, the Linden Estate got back on the listing with a price dip of $45 million.
According to Mr. Harald, the Estate Section located in Southampton Village is a premier location due to the traditional homes still standing high among the lush greenery close to the Atlantic Ocean shoreline. The Linden Estate in Southampton NY has three floors, red-tile gambrel roof that can be visible from a distance. It lies in the middle of the Estate Section featuring wrap-around porches, large trees, flowering shrubs, rose gardens, and green perimeters. The estate is surrounded by other estates with natural landscapes and large trees.
The living room has leaded glass doors that offer a remarkable scenic view of the outdoor lush greenery. The wood-paneled library has a decorative plaster ceiling and a fireplace. There are 12 bedrooms and 12 full bathrooms in this estate that are spread across 18,000 square feet.
The outdoor setting appears like a park including indoor and outdoor pools. The indoor pool highlights a greenhouse-style structure holding a waterfall and waterslide. Other resort-like amenities include a grass tennis court, spa, gym, paddle court, carriage house, separate staff quarters, gushing fountain, two 4-car garages, and two kitchen arbors.
According to public records, the Linden Estate was designed by a popular architect, Grosvenor Atterbury in 1915. The popular landscape architect Frederick Law Olmstead designed the gardens and outdoor area.
The sale of this historic real estate property is listed on the website of Tim Davis, who is leading the luxury real estate market in the Hamptons. He has been in this business for more than 40 years and has delivered some of the finest properties to his clients.
Linden Estate in Southampton NY
160 Ox Pasture Road, Southampton, NY
Contact Details –
Tim Davis
Hamptons Luxury Real Estate Market Leader
24 Main Street Southampton, NY 11968
+1-631-702-9211
tgdavis@corcoran.com