Behind the Hedges: Ellen Schwarzman's Further Lane Home Down to $8.85M

Looking for a deep dive into Hamptons real estate? BehindtheHedges.com is the premier real estate and lifestyle destination on Long Island’s fabled East End, featuring in-depth insights and exclusive content tailored to the Hamptons. Here’s a sampling of what you’ll find on Behind the Hedges.

A HANDSOME FURTHER LANE SPREAD IS RAPIDLY DROPPING IN PRICE
This property, just a short hop from the Two Mile Hollow Beach, debuted on the market last September asking $10.95 million. We didn’t think it was a bad asking price, although the house itself definitely needs some updates, but since then more than $2 million has been carved off the ask. As of yesterday, the price was $8.85 million. Sure seems like the seller—Ellen Schwarzman, ex of Stephen A. Schwarzman, chief executive of the Blackstone Group—is serious about unloading the place. … Surely, this place, represented by Scott Strough, Kathleen Zappola, and Ed Petrie at Compass, will find a buyer soon. Read more at BehindtheHedges.com