Own a slice of this ultra-exclusive Hamptons enclave—or demolish it for $60 million
By Katherine Clarke July 23, 2019 11:18 am ET An East Hampton Village estate that was owned by the onetime chairman of rail giant Union Pacific is listing for $60 million.
On the larger lot, the main 5,500-square-foot house has five bedrooms, an updated kitchen with a fireplace and a large, vaulted living-and-dining room with doors that lead to an oceanfront terrace. While the home is in good condition, listing agent Frank Newbold said some buyers might view it as a teardown, since there has recently been more demand for larger, contemporary homes.
.webui-slideshow-inset a:link, a:visited { color: initial; } A Traditional Estate on an Exclusive East Hampton StreetOn Further Lane, the property was built by James H. Evans, the late Union Pacific chairman. A home on East Hampton’s exclusive Further Lane is coming on the market for $60 million.Gavin Zeigler/Sotheby's International Realty1 of 7••••• 1 of 7Show Caption A home on East Hampton’s exclusive Further Lane is coming on the market for $60 million.
Ms. Jepperson said the home has been a gathering place for their family for decades but, since her father died in 2015, they rarely use it. She said it was difficult to let the house go, but she lives on the West Coast and doesn’t get to visit often. She recalled her father having taught her own children to swim at the property.
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