Thursday, March 22, 2007

Lloyd Blankfein Selling Sagaponack House

SELLER: Lloyd and Laura Blankfein
LOCATION: Parsonage Lane, Sagaponack, NY
PRICE: $13,995,000
SIZE: 2.65 acres, 6,561 square feet, 7 bedrooms, 6.5 bathrooms
DESCRIPTION: Brand new to the market this stunning traditional sits on almost 3 acres abutting reserve with every amenity, including spacious Master with fireplace, porch and sitting room, large gourmet EIK with professional appliances, cherry cabinets, wood panelled library, screened in porch and finished basement with media room, gym, and covered porches. Built by one of the east ends top building companies and landscape design by famous Edmund Hollander makes the most incredible summer/year round retreat. Large house, gunite heated pool , pool house and sunken tennis court completes the package just a couple block from ocean beaches.

YOUR MAMAS NOTES: Yesterday afternoon Your Mama received a call from Marlene Dietrich, one of our friends deep inside the financial world, who was breathless with excitement to tell us that Lloyd Blankfein put his Sagaponack mansion on the market for nearly $14,000,000.

Now, all the children will recognize Mister Blankfein's name as the CEO of Goldman Sachs that raked in $53,000,000 in earnings last year and has recently been on a real estate shopping spree. First he paid $27,000,000 for a gargantuan apartment on the Upper West Side.

Then he went shopping for a new summer house in the Hamptons where he has recently gone to contract to purchase the tremendous Southampton estate "Old Trees" for the dizzying sum of $41,000,000. Lawhd babies, Your Mama has to sit down just to consider that much money. Please keep in mind, this 20,000 square foot, 13 bedroom shingled "cottage" on 10.6 acres will likely only be used weekends for 3-5 months of the year.

So now that the purchase of "Old Trees" is going to go through**, Mister Blankfein and his missy Laura have put their Parsonage Lane house on the market. As of this morning, the listing agents at Corcoran, uber agent Susan Brietenbach and her sonny boy Matthew, have only provided a couple crappy photos. But when they get up something nice of the interior, we'll be sure to holler at the children.

The couple purchased the lot on Parsonage Lane in 1995 and built the house in 2001. It may have nearly 7,000 square feet and a pool and sunken tennis court, but it's a pretty run of the mill house in the Hamptons. But it is in easy breezy quasi rural Sagaponack, which has the distinction of being one of the most expensive zip codes in the country. The property also happens to be very near one of Your Mama and the Dr. Cooters' favorite beaches in the Hamptons, a little used stretch of sand not far from Ira Rennert's freakishly large and obscene 100,000 square foot ocean front summer house called "Fair Field" with it's 29 bedrooms, 39 bathrooms and 91 foot long dining room. Please, that's just unnecessary.

Anyhoo, we can't comment much on Mister Blankfein's Sagaponack set up until we see more photos. So Ms. Breitenbach, be sure to give us a shout when you get that virtual tour up.

**As it turns out Mister and Missus Blankfein backed out of buying Old Trees, which was later bought by property mad hedge hog John Paulson.

Sources: NY Post,, Corcoran


Anonymous said...

That house is so ugly its not even funny. If I am paying $13,995,000 for a house it better have a better lay out of a yard and at least a gate.

Anonymous said...

the architecture is typical of the hamptons. you can't tell whether there is a gate or not - the bottom right of the picture is cut off - i'm guessing the lane on the right is a private lane & is gated at the end which you can't see. very few properties in the hamptons are not gated.

Anonymous said...

I understand that, but if I pay 14 million for a home I want everyone to know it.

Anonymous said...

I have to say that I don't really see how anyone could get famous for landscape design such as we see here. We must be missing something in these photos.

But Fair Field? OMG-- can we get a post on that one? Please, Mama? Please?

I don't know if you respond to (or even tolerate) whining from your children but I figured it was worth a shot.

Your Mama said...

Hi Fredericka hunny...Your Mama would love to post something on Fair Field, but also, we're not aware of any photos of the interior...But we'll keep that in mind when we're looking around. Now, stop the whining!

and P.S. no gate on Blankfein's house. Although you can bet there's killer security on the house.

Anonymous said...

"I understand that, but if I pay 14 million for a home I want everyone to know it"

A large majority probably don't. The truly wealthy are usually always super discreet - only new money have to shout it from the rooftops.

Anonymous said...

it`s not gated.
you can see it here

Anonymous said...

If you spend $14mil., believe me everyone will know it gate or not. Now stop whining about it.

NY Realtor

Anonymous said...

NY Realtor

I was just saying if I paid 14 million for house I would like it to have more what I see in the picture. I was not whinning

Anonymous said...

"If you spend $14mil., believe me everyone will know it gate or not. Now stop whining about it."

True, but there is a huge difference between 'everyone will know it' & ' I want everyone to know it' ...

The latter being rather desperate.

Anonymous said...

I would call this architectural style "Early Rose Red" a la Stephen King. They just need to add a few more wings on the top and sides. It's not quite that ponderously gigantic and disorganized looking yet. Why sell? These people have no taste, obviously. Big and expensive - that's the ticket. Looks like a Swiss chalet in hell.