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.