The Story
The deed trail at 408 Further Lane reads like a ledger of American media money. Stephen Schwarzman bought the oceanfront parcel in 1992. Terry Semel, chairman of Yahoo and Warner Bros. in his day, took it from him in 2005 and spent the next decade building: a guest house designed by Charles Gwathmey in 2008, the year before the architect died, then the main residence his firm carried to completion in 2014. In July 2025 an entity tied to Len Blavatnik closed off-market, and the parcel became the highest-priced single residential lot ever recorded in the Hamptons. What the record describes, the rental now delivers: six bedrooms across two houses, a second-level gym facing the Atlantic, 275 feet of dune frontage on 8.73 acres, available year-round or by the season.
