New York Post

This Hamptons compound has rented for a cool $1.5M for the summer season

Written by Jennifer Gould
March 28, 2024
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The Hamptons’ summer rental season is already sizzling.

Financier Leon Wagner, a founding partner and former chair of GoldenTree Asset Management and a senior advisor at LWPartners LLC, has rented his stunning Sagaponack compound for just over $1.5 million for the summer season. The renter, we hear, is a foreign national.

The modern beach house is the perfect summer retreat.

The sprawling 3-acre estate is located at 802 Town Line Road. It includes a modern, new construction beach mansion with its own spa-like salt room for halotherapy, for breathing benefits. There’s also a two-bedroom guest house and a restored 19th-century school house. Built like a private resort, with farm views, the peaceful retreat overlooks 60 acres of reserve.

The compound is also on the market for sale, asking $27.5 million, co-listed by Bespoke Real Estate and Hedgerow Exclusive Properties.

Wagner bought the property for around $5 million in 2013 and then spent years acquiring permits, building the new house and restoring the historic school house, which was originally constructed in 1884.

The main residence comes with nine bedrooms, 12 baths and two powder rooms. At a grand 16,414 square feet, it opens to a foyer that leads to a great room with high ceilings and a double-sided steel-clad fireplace designed by local Sagaponack artist Nathan Slate Joseph.

Floor-to-ceiling windows showcase serene farm views. There’s also a dining area with a wet bar and seating for 10 — along with an eat-in chef’s kitchen and an enclosed 350-bottle wine room.

There’s also a lower-level kitchen and a second staircase that leads back up to a main-floor home gym.

A second floor features the main bedroom suite with a sitting area/private office, along with three additional ensuite bedrooms. Each comes with its own balcony. There’s also a separate “guest quarters” wing with four additional bedrooms and baths.

The smart-wired home is primed for entertainment and convenience. It includes an elevator, as well as a finished basement with a 10-seat movie theater and a “glam” room/hair salon. A recreation room has a pool table and opens to the outdoor dining area.

The separate, new-construction, 1,800-square-foot guest house features two bedrooms and two baths.

In addition, the historic school house, which was originally designed by New York architect Henry M. Congdon and operated until 1930, was restored thanks to research — and a single black-and-white photo, according to reports. While it does not have any bedrooms, it does come with a bath and a kitchenette. and can be used in a variety of ways. Those include a family office, for example, or as a stand-alone gym, a children’s playroom or an artist’s studio.

Outside there’s a saltwater pool, a tennis court and a fire pit with seating for 30 people.

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