A nimble buyer made $1.3 million in profit on a home in Bridgehampton just a month after buying it.
The 2.2-acre property at 100 Trelawney Road and its traditional home originally traded for $7.2 million on October 22.
Almost before the ink on the contract dried, it returned to the market 11 days later for $8.5 million, according to 27East.
It was in contract with an asking price on November 19, exactly four weeks after the initial sale ended.
The home was built by Wainscott-based Michael Davis Construction in 1998. It totals approximately 5,000 square feet with five bedrooms and seven bathrooms, including a master suite with a living room and wardrobe. no doors.
Interior highlights include five fireplaces and wide plank floors. The main floor includes a large kitchen, family room, living room and formal dining room.
Covered in front and back. The latter leads to a tiled courtyard area and grounds with a heated swimming pool and tennis court.
As of November, the average offer price in Bridgehampton $4.8 million, or half a million dollars more than the average list price.
Like other Hamptons communities, Bridgehampton has seen strong home-buying demand since the pandemic began, although demand appears to be slowing somewhat.
The town has seen some notable deals this year.
Donald Trump Jr. and Kimberly Guilfoyle made huge profits for themselves with sold 8.1 million dollars of a house on Kellis Way in March. They paid 4.4 million dollars for the house less than two years ago.
[27East] – Dennis Lynch
https://therealdeal.com/2021/12/20/bridgehampton-home-flipped-for-1m-profit-in-4-weeks/ Bridgehampton Home flipped for a month for a neat profit