Updated Nov 21, 2025
Wyc Grousbeck And Emilia Fazzalari Purchase Oceanfront Mansion From Joe Farrell For $58 Million In Bridgehampton
165 Surfside Drive
$58,000,000
$6,744/SF
Building Size
8,600 SF
Asset Type
Single Family
Closing
Nov 19, 2025
About this deal
AI
A single-family oceanfront mansion located at 165 Surfside Drive in Bridgehampton has been sold for $58 million. The property encompasses 8,600 square feet, yielding a price per square foot of $6,744. Initially listed at $79.99 million, the sale reflects a significant decrease from its original asking price.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $58,000,000
- Address: 165 Surfside Drive
- Market: Bridgehampton
- Square Footage: 8,600
- Price Per Square Foot: $6,744
- Buyer: Wyc Grousbeck & Emilia Fazzalari
- Seller: Joe Farrell
- Brokers: Richard Steinberg - Compass; Greg Gould & Dominic Couzens - Hedgerow Exclusive Properties
Wyc Grousbeck, who recently stepped down as the lead owner of the Boston Celtics after its sale for $6.1 billion, alongside Emilia Fazzalari, facilitated this transaction with assistance from their brokers. Richard Steinberg represented the buyer through Compass, while Greg Gould and Dominic Couzens provided representation through Hedgerow Exclusive Properties.
On the Map
$58,000,000
$6,744/SF
Single Family
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Players
Bridgehampton Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $6.7K per square foot on a published $58M for 8,600 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93