East Hampton compound, sold earlier this year for $45M, returns for $72M

They’re flipping out.

One ambitious buyer is trying to flip a record-setting Hamptons property he bought earlier this year for $27 million more than he paid for it.

A mystery buyer bought a compound on Windmill Lane in East Hampton for $45 million in April. It was the priciest home sale in the Hamptons since 2016.

He’s now put it back on the market for $72 million.

Perhaps this property owner is hopeful that the rise in Hamptons home prices and the demand for lavish properties out east due to the coronavirus will boost his chances of getting a buyer to pay top dollar for the estate, located at 36 and 32 Windmill Lane.

The compound, repped by Corcoran listing broker Gary DePersia of Corcoran (who also represented the seller when he bought in April), sits on 6.7 acres, with 300 feet on the ocean.

It was built in 1989 for the late James H. Evans, the former chairman of railroad company Union Pacific, who died in 2015.

The estate features a 5,900-square-foot home on 5.4 acres, and a three-bedroom guest house on its own 1.3 acres.

There’s opportunity to expand the size of both homes — and there’s also room for tennis courts.



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