Quick Answer: Further Lane in East Hampton holds both the highest combined ($147M, Barry Rosenstein, 2014) and highest single-parcel ($115M, Len Blavatnik, 2025) sale records in Hamptons history. Notable residents include Jerry Seinfeld (12-acre estate purchased from Billy Joel for $32M), Larry Gagosian (world’s top art dealer), and Len Blavatnik (Warner Music Group owner). The street’s combined resident wealth exceeds $50 billion.

Further Lane doesn’t just host wealthy residents—it sets the standard for what American residential real estate can cost. When hedge fund manager Barry Rosenstein paid $147 million for three contiguous parcels in 2014, he redefined luxury real estate. When Len Blavatnik paid $115 million for a single parcel in 2025, the street confirmed its status as the most expensive address in America outside Manhattan.

$147M
All-Time Record
$115M
2025 Record
$50B+
Resident Wealth
$13.5M
Per Acre

Record-Breaking Sales

Property Price Year Buyer
62 Further Lane (+ 2 parcels) $147M 2014 Barry Rosenstein
408 Further Lane $115M 2025 Len Blavatnik
370/372 Further Lane $70M 2025 Undisclosed
Jerry Seinfeld Estate $32M 2000 Jerry Seinfeld (from Billy Joel)

Notable Residents

Jerry Seinfeld — Comedy Legend

Property: 12-acre oceanfront estate, Further Lane (Amagansett section)

Purchase: $32 million (2000) from Billy Joel

Net Worth: Approaching $1 billion

Features: Private baseball diamond added after purchase, 22-car garage, pool, guest house

Legacy: The estate has been called “the best summer party pad” in America. Today’s value estimated at $80-100M+.

Len Blavatnik — Media Billionaire

Property: 408 Further Lane (8.5 acres)

Purchase: $115 million (2025) — single-parcel Hamptons record

Net Worth: $35+ billion

Background: Ukrainian-born billionaire, Warner Music Group owner, film investor, philanthropist

Seller: Terry Semel (former Yahoo! and Warner Bros. CEO), who purchased from Stephen Schwarzman for $43M in 2005

Barry Rosenstein — Hedge Fund Manager

Property: 62 Further Lane + 2 adjacent parcels

Purchase: $147 million (2014) — all-time Hamptons record

Net Worth: $2+ billion

Background: JANA Partners founder, activist investor

Significance: Transaction redefined what ultra-wealthy would pay for Hamptons oceanfront

Larry Gagosian — Art World Power

Property: Further Lane estate near Blavatnik

Net Worth: $600+ million

Background: World’s most powerful art dealer, operates 19 galleries globally

Significance: His presence attracts collectors and artists to the East Hampton art scene

The 2025 Blavatnik Sale: Anatomy of a Record

408 Further Lane Details

Sale Price: $115 million (off-market, finalized July 31, 2025)

Acreage: 8.5 acres stretching from Further Lane to the dune

Price Per Acre: $13.53 million

Seller: Terry Semel (through Windsor Digital Studio LLC)

Buyer: Len Blavatnik (through “Brise Lontaine” LLC)

Property Tax (2025): $71,608

Architecture: Includes structures designed by Charles Gwathmey

The Property’s History

  • 1992: Stephen Schwarzman (Blackstone CEO) purchases 15 acres for $4 million
  • 2005: Schwarzman sells 8.5 acres to Terry Semel for $43 million
  • 2006: Semel pays $1M over asking — $5.058M per acre
  • 2025: Blavatnik purchases for $115M — $13.53M per acre
  • Appreciation: 168% increase in price per acre over 19 years

Why Further Lane Commands Records

What Makes Further Lane Different

Oceanfront Scale: Parcels range from 5-15+ acres, allowing compound-scale estates impossible elsewhere

Privacy: Long driveways, mature hedgerows, and like-minded neighbors ensure absolute discretion

Peer Concentration: Neighbors worth $50+ billion combined creates mutual interest in privacy

Beach Access: Direct oceanfront with protected dune systems

Off-Market Tradition: Most significant sales occur privately, never appearing on public listings

Further Lane vs. Meadow Lane

Factor Further Lane Meadow Lane
Location East Hampton Southampton
Record Sale $147M (combined), $115M (single) $112.5M (Mylestone)
Primary Residents Entertainment + Finance mix Finance-dominated
Character Historic estates, generational wealth “Billionaires Row,” newer money
Celebrity Factor Jerry Seinfeld, art world Ken Griffin, hedge fund titans

Real Estate Dynamics

Current Market (2025-2026)

  • Entry Point: $30+ million for meaningful Further Lane oceanfront
  • Trophy Properties: $70-150+ million
  • Price Per Acre: $10-15+ million for prime oceanfront
  • Inventory: Trophy properties rarely hit public listings
  • Time on Market: Off-market deals dominate; public listings can sit for years at wrong prices

Related Coverage

Hamptons Power Addresses (Pillar 3)

Celebrity Real Estate (Pillar 2)

Luxury Collections (Pillar 2)

Celebrity Net Worth (Pillar 1)

Frequently Asked Questions

What is the most expensive house ever sold in the Hamptons?

Barry Rosenstein’s $147 million purchase of three contiguous parcels on Further Lane in 2014 remains the highest combined transaction. For a single parcel, Len Blavatnik’s $115 million purchase of 408 Further Lane in 2025 holds the record.

Does Jerry Seinfeld live on Further Lane?

Yes, Jerry Seinfeld owns a 12-acre oceanfront estate on Further Lane (in the Amagansett section of East Hampton). He purchased it from Billy Joel for $32 million in 2000 and added a private baseball diamond. With Seinfeld’s net worth approaching $1 billion, the estate’s current value is estimated at $80-100+ million.

Who sold the $115 million house on Further Lane?

Terry Semel, the former CEO of Yahoo! and Warner Bros., sold 408 Further Lane to Len Blavatnik for $115 million in 2025. Semel had purchased the 8.5-acre property from Stephen Schwarzman for $43 million in 2005. Semel has been battling Alzheimer’s disease, and the sale was part of estate planning.

Why are Further Lane homes so expensive?

Further Lane combines extreme scarcity (limited oceanfront land), massive parcel sizes (5-15+ acres), absolute privacy, and a concentration of ultra-wealthy neighbors who value discretion. The street’s record sales create comparable benchmarks that support future prices. Most transactions occur off-market, limiting supply visibility.

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