A previous East End hot spot, the Dune Deck Beach Resort in Westhampton Beach, has been purchased by Discovery Land CEO and Founder Michael Meldman from Medallion Financial Corp.’s Alvin and Andrew Murstein for $19 million, according to the New York Post. Medallion Financial Corp. bought the property in 2010 for $700,000.
Along with picking up the Hamptons property, Meldman, who partnered with George Clooney and Rande Gerber for Casamigos Tequila, is proposing to build The Hills at Southampton, a luxury home and golf community on a 500 acre parcel of land located in East Quogue. Dune Deck would become a part of the development, allowing homeowners access to their beach, pool, and tennis facilities.
Dune Deck, which was originally built in the 1940’s, is expected to function as a beach resort, following a renovation. The Westhampton Beach Resort currently sits on eight acres of seaside property.