101 Lily Pond Lane, a seaside Hamptons estate, is officially off the market. The East Hampton property was sold for a record $110 million, which marks the second largest residential sale in New York State and fifth largest in the United States.
Natural gas billionaire Michael S. Smith, the chairman and CEO of Freeport LNG Development, bought the impressive Hamptons oasis from hedge funder Scott Bommer of SAB Capital, according to Page Six. The deal was led by broker Ed Petrie of Compass. “We are extremely proud of Ed Petrie and his entire team on closing this historic deal,” said Robert Reffkin, Founder and CEO of Compass. “As a new brokerage in the Hamptons, this deal solidifies Compass’s position as a major force in the luxury space.”
101 Lily Pond Lane features 6.4 acres, including 284 feet of oceanfront, and a 4,500-square-foot, five-bedroom home.