Key Takeaways
- • PointState Capital founder Zach Schreiber has listed a Sagaponack oceanfront compound at 39 Fairfield Pond Lane for $152.5 million, representing a potential record for the South Fork if the asking price is achieved.
- • The property encompasses 9,500 square feet of interior space across seven bedrooms and eight bathrooms, situated on approximately 3.4 acres with over 360 feet of private beach frontage, generating an asking price of approximately $16,000 per square foot.
- • The estate features premium amenities including a heated pool, Har‑Tru tennis court, media lounge, pilates room with sauna and spa, and 2,000 square feet of covered porches, positioning it as a full-service luxury compound.
- • The property traded for roughly $24 million in 2013, implying a substantial appreciation or asking premium following comprehensive renovations; comparable oceanfront estates in the immediate vicinity command significantly lower valuations, with a nearby nine-hole golf course compound listed at approximately $89 million.
- • Compass agent Terry Cohen holds the listing for this high-profile oceanfront sale.
Summary
Zach Schreiber, founder of hedge fund PointState Capital, has brought a Sagaponack oceanfront estate to market with an ambitious $152.5 million asking price that would establish a new pricing benchmark for South Fork residential real estate if executed at or near listing. Located at 39 Fairfield Pond Lane, the oceanfront compound represents one of the Hamptons' most significant residential offerings in recent market activity.
The renovated property sits on approximately 3.4 acres and spans roughly 9,500 square feet of interior living space across seven bedrooms and eight bathrooms, complemented by an additional 2,000 square feet of covered porches. The asking price works out to approximately $16,000 per square foot of interior space. The most significant asset is the oceanfront positioning: the estate features over 360 feet of private beach frontage and sits at the terminus of Fairfield Pond Lane, ensuring enhanced privacy and direct water access uncommon in the region.
Amenities reflect the property's positioning as a comprehensive luxury compound. The grounds include a heated swimming pool, a Har‑Tru tennis court, a recreational area with a media lounge, and a spa facility featuring a pilates room and sauna. The combination of oceanfront access, substantial square footage, and resort-level amenities creates a full-service residential offering designed to appeal to ultra-high-net-worth buyers seeking privacy alongside extensive accommodations for entertaining and leisure activities.
The property's valuation trajectory is notable for investment analysis. It last traded in 2013 for approximately $24 million, following several renovations that modernized the structure while preserving its modernist oceanfront character. The current $152.5 million asking price, if achieved, would represent significant appreciation, though market context suggests substantial asking premiums may characterize current-market listings. Nearby comparable oceanfront parcels on Fairfield Pond Lane command considerably lower valuations—a two-parcel compound featuring an executive nine-hole golf course is publicly listed at approximately $89 million, providing direct valuation context for the broader Sagaponack oceanfront market.
The renovated property sits on approximately 3.4 acres and spans roughly 9,500 square feet of interior living space across seven bedrooms and eight bathrooms, complemented by an additional 2,000 square feet of covered porches. The asking price works out to approximately $16,000 per square foot of interior space. The most significant asset is the oceanfront positioning: the estate features over 360 feet of private beach frontage and sits at the terminus of Fairfield Pond Lane, ensuring enhanced privacy and direct water access uncommon in the region.
Amenities reflect the property's positioning as a comprehensive luxury compound. The grounds include a heated swimming pool, a Har‑Tru tennis court, a recreational area with a media lounge, and a spa facility featuring a pilates room and sauna. The combination of oceanfront access, substantial square footage, and resort-level amenities creates a full-service residential offering designed to appeal to ultra-high-net-worth buyers seeking privacy alongside extensive accommodations for entertaining and leisure activities.
The property's valuation trajectory is notable for investment analysis. It last traded in 2013 for approximately $24 million, following several renovations that modernized the structure while preserving its modernist oceanfront character. The current $152.5 million asking price, if achieved, would represent significant appreciation, though market context suggests substantial asking premiums may characterize current-market listings. Nearby comparable oceanfront parcels on Fairfield Pond Lane command considerably lower valuations—a two-parcel compound featuring an executive nine-hole golf course is publicly listed at approximately $89 million, providing direct valuation context for the broader Sagaponack oceanfront market.
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