A partially built 19,980-square-foot mansion on exclusive Meadow Lane in Southampton, left abandoned since 2018, has found a buyer, The Post has learned.
The sprawling property — the largest oceanfront parcel on Meadow Lane, which was once listed for $85 million — has entered contract after a series of dramatic price cuts, settling most recently at $49.5 million.
The final sale price remains unknown, as does the identity of the deep-pocketed forthcoming owner, who has the choice of finishing its Moroccan-inspired construction, collaborating on conceptual designs — or tearing the structure down entirely.
Bespoke Real Estate shared the listing for 1320 Meadow Lane in a co-exclusive with Tim and Thomas Davis of Corcoran — all of whom declined to comment on the deal. Bespoke, sources said, also represented the buyer.
The 9.75-acre parcel, perched right on the Atlantic Ocean, is owned by Meadowcore LLC, according to property records.
The unfinished two-story structure features arched windows and doorways, a flat roof with pyramid and conical peaks, plus a sandstone facade. Despite its bold inspiration, progress on the mansion has remained in limbo for years, its construction halted and its future uncertain.
The estate includes tennis courts, a 1,700-square-foot pool and zoning that allows for single-family use.
The parcel itself is a rare gem in the Hamptons, offering 550 feet of Atlantic Ocean frontage and deeded Bayfront access across Meadow Lane.
The potential is undeniable, with the listing describing it as a “once in a lifetime” opportunity to create an extraordinary Atlantic-facing compound. The land alone cost the current owner more than $37 million in 2007, records show, with an additional $19 million reportedly earmarked for construction.
But Meadowcore LLC, allegedly tied to billionaire hedge funder Thomas E. Sandell, ultimately walked away from their vision of the estate. Sandell’s name appears on some building department documents before being crossed out and replaced with the LLC. Sandell is worth $1.2 billion, according to Forbes.
Had the home been completed, the asking price would be more than $150 million, Davis first said when he took over the listing for the property in 2022.
Ever since, there has been a steady erosion of the asking price. From its initial $85 million ask in 2021, the mansion’s price dropped to $75 million. From that point, it then lowered to $67 million and most recently to $49.5 million before entering contract, according to appraiser Jonathan Miller of Miller Samuel.
The unfinished home, which currently offers space for up to 10 bedrooms, 10 full bathrooms and three half bathrooms, leaves much to the imagination. Renderings, as seen in the marketing materials, suggest a sleek, modern transformation could replace the incomplete structure.
The listing calls the property a “developable parcel” located in the “sweet spot” of Meadow Lane. It highlights its privacy, sweeping ocean views and proximity to the Southampton Village center.
Meadow Lane, overall, is home to some 100 homes — more than half of them brag-worthy mansions — as well as billionaires. (Hence its “Billionaire Lane” moniker.) Hedge fund titan Ken Griffin purchased Calvin Klein’s roughly 7-acre estate there for $84.44 million in 2020 in an off-market deal. The following year, billionaire New England Patriots owner Robert Kraft splashed out some $43 million for a Meadow Lane residence, also in an off-market transaction.
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