In the Hamptons, a $48 Million Home Sells Before It Hits the Market

The former Sagaponack home of late Johnson & Johnson CEO James Burke sold in the ‘pre-marketing’ phase, fetching close to its asking priceThe former Hamptons home of the late Johnson & Johnson chief executive James Burke has sold for close to its $48 million asking price, according to people familiar with the situation.

The roughly 4-acre oceanfront estate in Sagaponack, N.Y., includes two distinct parcels, according to listing agent Christopher Covert of Compass. One is an oversize oceanfront lot with two 1980s-era houses connected by a breezeway, as well as a separate, vacant site across the street, he said. The buyer could build a roughly 7,000-square-foot house as well as a pool and tennis court on the vacant parcel, according to a person familiar with the property.

I bet he peed in the pool

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