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Saunders, Real Estate, Hamptons
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Hamptons Life

Oct 22, 2019 5:13 PMPublication: The East Hampton Press & The Southampton Press

Montauk Moorlands Estate Sells For $10 Million

48 Old Montauk Highway in Montauk. COURTESY SAUNDERS
Oct 22, 2019 5:25 PM


A property in Montauk’s moorlands, an exclusive area where Dick Cavett resides and where Andy Warhol had an estate, has sold for $10 million.

Located at 48 Old Montauk Highway, it had been listed with Chris Coleman of Saunders for $10.25 million. The seller was Theodore Shaine and the buyer was Cherrys Trust, according to the Real Estate Report Inc.

The parcel is more than 10 acres and host to a 4,000-square-foot shingle-style residence by the late architect Frank Hollenbeck. Abutting 100 acres of preserved land, it has four bedrooms, 3.5 bathrooms, three fireplaces, ocean views, a garage, a 55-foot pool, a hot tub and a pool house.

The new homeowners will share a deeded ocean beach with just a few neighbors.

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