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Billy Joel loses Sagaponack neighbor in $22 million sale

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An oceanfront 5,000-square-foot modern-style house designed by Philip Johnson in Sagaponack just sold for $22 million. Built in 1976, the two-story cedar-exterior house features eight bedrooms, six baths, a heated pool and a tennis court.

The taxes are $32,823 a year.

The original asking price was $25 million. The 3.75-acre property was later lowered to $22 million. Prudential Douglas Elliman Real Estate handled the exclusive listing. It closed Feb. 29.

The owner is William Spier, who was the director and chairman of the board at Empire Resources Inc., a distributor of semi-finished aluminum products. The buyer was not immediately known.

Billy Joel and his wife, Katie Lee, bought two homes in Sagaponack last year. Read all about them here.

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