A deal for Goldman Sachs CEO Lloyd Blankfein to have paid a reported $41 million for the 10.6-acre Old Trees estate in Southampton, N.Y. apparently has fallen through, and the storied property, including its 13-bedroom, 20,000-square-foot shingled Georgian-style mansion, is back on the market for a little more than $48 million, according to this week's New York Observer.
On March 15, we reported (http://www.bergproperties.com/blog/ceo-of-goldman-sachs-lloyd-blankfein-is-buying-old-trees-estate-in-southampton/230/new-york) on a New York Post item that same day about the seller of Old Trees, Donald A. Burns, apparently having accepted Blankfein's $41 million offer for the property, at 340 First Neck Lane in Southampton. Located on the shore of Lake Agawam, Old Trees also has a historic three-bedroom barn, a cottage/pool house with another three bedrooms, a clay tennis court and two pools, according to listing information.
Now, the Observer is reporting that Blankfein's deal "never came to fruition," said one broker, and that the listing has switched brokerages. Listing information--complete with many photos--continues to be available at the estate's own website.