Key Takeaways
- • A Sagaponack oceanfront estate listed at $152.5 million by PointState Capital founder Zach Schreiber would set a new Hamptons price record, surpassing the previous $115 million benchmark established in 2025.
- • The 9,500-square-foot property on 3.8 acres commands $16,053 per square foot—a premium valuation for a property substantially smaller than comparable ultra-luxury Hamptons listings on the same street priced at $89 million.
- • Schreiber acquired the property at 39 Fairfield Pond Lane for $24 million in 2013 and undertook a complete renovation, demolishing the existing structure and constructing a new two-story luxury residence.
- • Despite the record-setting ask, the property remains modest relative to the area's mega-estates; Ira Rennert's waterfront compound, estimated at over $425 million with 110,000 square feet across 65 acres, underscores the variance in ultra-high-net-worth real estate valuations.
- • The listing highlights intensifying price stratification in the Hamptons' most exclusive oceanfront corridor, where location and oceanfront footage command exponential premiums independent of square footage.
Summary
Billionaire hedge fund manager Zach Schreiber, founder of PointState Capital, has listed his oceanfront estate at 39 Fairfield Pond Lane in Sagaponack for $152.5 million, positioning the property to establish a new Hamptons residential sales record. The listing, disclosed on June 8, 2026, seeks to eclipse the previous area record of $115 million, achieved in 2025 for a 10,500-square-foot waterfront home on 9 acres at 408 Further Lane.
The 9,500-square-foot property encompasses 3.8 acres of oceanfront real estate with 225 feet of unobstructed Atlantic Ocean exposure, commanding an asking price of $16,053 per square foot. Schreiber acquired the property for $24 million in 2013 and subsequently undertook substantial renovations, including demolition of the existing two-story residence and its replacement with a newly constructed luxury offering. The property's location on Fairfield Pond Lane—one of the United States' most expensive residential streets—substantially amplifies valuation.
The asking price demonstrates considerable premium relative to comparable properties in immediate proximity. A neighboring estate of similar size on the same street, including a private 9-hole golf course, carries a $89 million listing price, underscoring the valuation differential attributable to oceanfront positioning and recent renovation quality. The $152.5 million ask remains modest, however, relative to the Hamptons' most expansive compounds; Ira Rennert's estimated $425 million waterfront estate spans 110,000 square feet across 65 acres and holds status as the largest residential home in the United States.
The listing exemplifies pricing dynamics in ultra-luxury coastal markets, where oceanfront footage, architectural quality, and street location generate exponential premiums that operate independently of gross square footage. A successful transaction at asking price would represent a sixfold return on Schreiber's 2013 acquisition price, reflecting appreciation dynamics in the institutional-grade real estate segment favored by hedge fund principals and ultra-high-net-worth individuals.
The 9,500-square-foot property encompasses 3.8 acres of oceanfront real estate with 225 feet of unobstructed Atlantic Ocean exposure, commanding an asking price of $16,053 per square foot. Schreiber acquired the property for $24 million in 2013 and subsequently undertook substantial renovations, including demolition of the existing two-story residence and its replacement with a newly constructed luxury offering. The property's location on Fairfield Pond Lane—one of the United States' most expensive residential streets—substantially amplifies valuation.
The asking price demonstrates considerable premium relative to comparable properties in immediate proximity. A neighboring estate of similar size on the same street, including a private 9-hole golf course, carries a $89 million listing price, underscoring the valuation differential attributable to oceanfront positioning and recent renovation quality. The $152.5 million ask remains modest, however, relative to the Hamptons' most expansive compounds; Ira Rennert's estimated $425 million waterfront estate spans 110,000 square feet across 65 acres and holds status as the largest residential home in the United States.
The listing exemplifies pricing dynamics in ultra-luxury coastal markets, where oceanfront footage, architectural quality, and street location generate exponential premiums that operate independently of gross square footage. A successful transaction at asking price would represent a sixfold return on Schreiber's 2013 acquisition price, reflecting appreciation dynamics in the institutional-grade real estate segment favored by hedge fund principals and ultra-high-net-worth individuals.
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