After multiple price cuts and years on the market, former Goldman Sachs CEO Lloyd Blankfein has finally secured a buyer for his Hamptons home on Parsonage Lane in Sagaponack.
Originally listed in 2007 for just under $14 million, the estate re-entered the market in 2015 with an asking price of $16.995 million. However, it saw several reductions over the years, dropping to $15.9 million, then $14.5 million, before listing agent Susan Breitenbach of the Corcoran Group lowered it further to $12.995 million in February. While the final sale price remains undisclosed, Breitenbach confirmed that the property is now in contract.
Built by Blankfein and his wife Laura approximately 20 years ago, the shingled residence spans 6,500 square feet and features seven bedrooms, a media room, and a gym. The expansive 2.7-acre estate also boasts a 45-foot-long pool, a pool house, and a sunken tennis court, offering a private retreat in one of the Hamptons’ most sought-after enclaves.
Blankfein’s decision to sell stems from his ownership of another Hamptons property, according to Breitenbach. While he declined to comment directly, the sale marks the end of a long journey to offload the residence amid shifting luxury real estate trends.
Sagaponack, known for its exclusivity and high-value estates, has seen fluctuating market conditions in recent years. While waterfront properties continue to command premium prices, even high-profile sellers like Blankfein have had to adjust expectations in an evolving market.
Despite the price reductions, the transaction underscores the enduring appeal of Hamptons real estate, particularly in coveted locations like Parsonage Lane. With the deal now in contract, Blankfein moves on from a home that has been part of his personal and financial legacy for two decades.
