The Wall Street Journal

Oceanfront Hamptons Home Sells for Close to $35 Million

Written by E.B. Solomont
February 7, 2023
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Financier James Carney sold the Bridgehampton house on Dune Road in an off-market deal

An oceanfront house in New York’s Hamptons has sold in an off-market deal for close to $35 million, according to people familiar with the deal.

The seller was James Carney, a financier who lives in Puerto Rico, records show. The identity of the buyer couldn’t be determined.

Located on Dune Road in Bridgehampton, the roughly 1-acre property is on a stretch of land between the Atlantic Ocean and Mecox Bay, according to a former listing description. Mr. Carney paid $8.75 million for the property in 2013, according to records. He couldn’t immediately be reached for comment.

Built around 2019, the house is approximately 5,500 square feet, with six bedrooms, a chef’s kitchen and butler’s pantry, according to the listing. Before the recent sale, the property fetched more than $1 million a year in rental income, according to marketing materials from listing agents Martha Gundersen and Paul Brennan of Douglas Elliman.

The modern home has roughly 3,000 square feet of deck space with an outdoor kitchen, wood-burning fireplace and two outdoor showers, according to the listing. The home also has a roof deck with a kitchenette, as well as a four-car garage and infinity pool.

Mr. Carney was a founder of the hedge fund Parplus Partners.

Luxury sales in the Hamptons slowed during the fourth quarter of last year, with the number of deals dropping 51.9% year-over-year, according to real-estate appraisal firm Miller Samuel. The median sale price during the quarter slid 16.5% compared with the prior year.

The sale was brokered by Hedgerow Exclusive Properties, with Erica Grossman of Douglas Elliman and Catherine Juracich of the Corcoran Group.

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