Oscar-winning director Steven Spielberg has added another property to his Georgica Pond holdings in East Hampton, a source tells Newsday. Spielberg closed on the purchase of the three-acre lot this week on Apaquogue Road for a bit less than the asking price of $19.95 million.
Sources say the transaction was handled by Spielberg’s lawyer, California-based Gerald Breslauer, whose company name appears on records for nearby tracts that Spielberg owns. Included in the purchase is a 4,500-square-foot, six-bedroom home that a local agent told Newsday last month was likely being purchased as a tear-down. “It’s all about land value,” the agent said. It has been reported that Spielberg is also in talks to purchase an adjacent lot owned by the estate of the late philanthropist Arthur Ross.
Spielberg’s neighbors include writers Nora Ephron and Nick Pileggi, who last summer reportedly rented their home to Paul McCartney’s ex, Heather Mills.
The listing involved a four-way exclusive with the The Corcoran Group, Sotheby’s International Realty, Brown Harris Stevens, and Prudential Douglas Elliman, sources say.