I toured an $85 million Hamptons mansion and learned something about the economy

"Eight bedrooms. A private path leading to the beach.A replica lobster protruding from a replicapool floaty and hanging out from the ceiling. I saw all of this, and much more, when touring 43 E Dune Lane in East Hampton. The house, which sits on 3.6 acres, is listed for $84,900 million, down from an initial $120 million last summer. According to the listing, it's been on the market for more than 450 days."

"She's worked in the Hamptons for 25 years and said that the high luxury market has been especially active. The $85 million property has pretty much every imaginable amenity: a cinema, a gym with a Peloton and rowing machine, a speakeasy room hidden behind a bookshelf, a sauna, multiple steam showers, a tennis court, a pool, a path leading down to the beach, and enough art to fill a museum wing."

A tour covered two notable Hamptons properties: 43 E Dune Lane in East Hampton, listed for $84,900 million on 3.6 acres, and an $18 million stone mansion in Montauk. 43 E Dune was reduced from $120 million and has been on the market for more than 450 days. Compass agent Terry Cohen, with 25 years in the Hamptons, described the past six months as more explosive than COVID and reported especially active high-end activity. Agents reported that luxury prices have soared and that a Wall Street boom is underpinning demand amid broader economic uncertainty. The $85 million estate features extensive high-end amenities.

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