A single-family home located at 125 Midocean Drive in Bridgehampton has been sold for $57 million. This property spans an area of 10,300 square feet, placing the price per square foot at $5,534.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $57,000,000
• Address: 125 Midocean Drive
• Market: Bridgehampton
• Square Footage: 10,300
• Price Per Square Foot: $5,534
• Seller: Jonathan Oringer
• Buyer's Representative: Terry Cohen - Compass
• Seller's Representatives: Erica Grossman, Paul Brennan & Martha Gundersen - Douglas Elliman

This transaction marks a significant sale, with Jonathan Oringer, the founder of Shutterstock, realizing a major increase in value from the $40 million purchase price in 2014. The deal was executed off-market and is noted as one of the largest sales in the Hamptons this year.