$70 Million East Hampton Home Most Expensive New Listing

EAST HAMPTON, NY — A stunning beach house in East Hampton has topped the charts as the most expensive new listing at a whopping $70 million, according to Realtor.com.

The home is reportedly owned by hedge fund executive Barry Rosenstein, who has invested in Blue Apron and Whole foods, a Realtor.com article said.

Located at 27 Drew Lane, the "perfect family modern beach home", sited on 1.5 acres, "pays homage to coastal tradition, built with elegance and the most luxurious materials and with a focus on sustainable, resilient architecture," the Realtor.com listing says.

According to Realtor.com, it's the first move-in ready oceanfront home to come to market in East Hampton in decades.

"Hidden and private behind 20 foot tall hedges at the end of a long quiet lane off of East Hampton's beautiful Lily Pond Lane, the CookFox designed home with interiors by Orlando Diaz Azcuy is a jewel box home. The entry to the home is a poplar shaded portal to the natural, beach-side landscape," the listing says.

Features include 7 luxurious bedrooms with ensuite full baths, a master bedroom with his and hers bathroom, ffull dressing room suites, a custom Valucine kitchen and exquisite finishes throughout.

"Nothing was spared in the ground-up reconstruction of this 1920s original shingle-style beach house," the listing says. "The naturally sculpted landscape designed by Paula Hayes is shaped to elevate the house with a lush environment of seaside foliage, with shade pavilions, winding paths and sweeping oceanfront lawn leading to a private beach path to the sea. With construction by Bulgin & Associates, one of the finest builders on the East End, the home, complete with separate and fully permitted 2 bedroom cottage plus office studio and exercise room and 62 foot oceanside lap pool, two car garage is a rare opportunity to live on the ocean with every conceivable modern amenity."

To view the listing on Realtor.com, click here.

Photo, listing courtesy Realtor.com.