A Sagaponack oceanfront compound owned by a hedge fund founder has quietly landed on the market with a jaw‑dropping $152.5 million asking price that would rewrite the South Fork’s record books if it actually trades at that number. The renovated, two‑story home sits at the end of Fairfield Pond Lane on just over three acres and includes more than 360 feet of private beach. With roughly 9,500 square feet of interior space, the property pairs expansive ocean frontage with a deep list of amenities.
The Real Deal first reported the listing and identified PointState Capital founder Zach Schreiber as the seller. The outlet notes the $152.5 million asking price, which works out to about $16,000 per square foot, and that Compass agent Terry Cohen holds the listing.
What's on the property
Listing materials describe a seven‑bedroom, eight‑bathroom main house with roughly 9,500 square feet of interior space and about 2,000 square feet of covered porches. Translation: plenty of room to spread out before ever setting foot on the sand. The grounds include a heated pool, a Har‑Tru tennis court, a large recreational area with a media lounge, and a pilates room with a sauna and spa. Out East confirms the home's beach frontage and the privacy afforded by its location at the lane's end.
Where it came from
The compound last traded for roughly $24 million in 2013, after several renovations that modernized the property while retaining its oceanfront pedigree. 27east reported on the earlier sale and notes the home's history as a notable modernist parcel on Fairfield Pond Lane.
Nearby comparables
The scale of the ask is underscored by a banner listing down the street. A two‑parcel compound at 21 & 407 Fairfield Pond Lane, which includes an executive nine‑hole golf course, is publicly listed at about $89 million. Realtor.com and brokerage materials show how rare deeded beach acreage and ancillary sporting facilities are on this lane.
Market context
If a deal closed at list, it would top the South Fork's single‑parcel record by nearly $40 million and highlight how far the market's upper extreme has stretched. The Real Deal reports that the South Fork has seen a surge in luxury transactions recently, with the share of deals above $5 million hitting a record, the median luxury sale price jumping roughly 30 percent to about $13 million, and more than $560 million in volume for $10 million‑plus deals in the first quarter.
Whether a buyer will step up at that scale remains to be seen, as the Hamptons' inventory squeeze keeps competition fierce for genuinely turnkey oceanfront acreage. For now, the listing puts a rare, headline‑grabbing parcel on the market just as the summer season gets underway on the South Fork.
