Alec Baldwin’s Amagansett Estate: 7 Shocking Facts About The $21 Million Hamptons Mansion And Its Tumultuous Sale History

The latest chapter in one of the Hamptons’ most talked-about real estate sagas has just been written. As of late 2025, actor and producer Alec Baldwin has once again placed his sprawling, historic Amagansett, New York, estate back on the market, relisting the massive 10-acre property for a staggering $21 million. This move comes after the mansion was temporarily pulled from the market in July 2024, continuing a dramatic, multi-year sales effort that has seen the price fluctuate by millions of dollars. This relisting is not just a simple transaction; it offers a rare, high-stakes look inside the volatile luxury real estate market of the East End. The Amagansett home, which has served as a primary residence for the Baldwin family, is a true historic gem, built in 1740, and features a blend of classic charm and modern, high-end amenities that justify its multi-million dollar price tag. The property's history, features, and the context of its sale are fascinating, especially as the Baldwins have used it as a backdrop for their family life and new reality show.

Alec Baldwin: The Hamptons' "Mr. Everywhere Man" and His Family Profile

Alexander Rae Baldwin III, born April 3, 1958, is an iconic American actor, comedian, producer, and political activist whose career spans decades across film, television, and theatre. While he is a New York native, his connection to the Hamptons—specifically the village of Amagansett—runs deep, having owned the massive Town Lane property for over 20 years. * Full Name: Alexander Rae Baldwin III * Born: April 3, 1958 (Age 67 in 2025) * Birthplace: Amityville, New York * Spouse: Hilaria Baldwin (m. 2012) * Children: Seven children with Hilaria, and one daughter (Ireland Baldwin) from his previous marriage. * Hamptons Residence: 335 Town Ln, Amagansett, NY 11930. * Significance of the Home: The Amagansett estate became a "safe place" for the family during challenging times, including the COVID-19 pandemic and legal issues related to the *Rust* movie set shooting. It is also the main setting for their TLC reality show, *The Baldwins*, giving the public an unprecedented look inside the sprawling property.

The Rollercoaster Sale History: From $29 Million to a $21 Million Relisting

The decision to sell the beloved Amagansett mansion has been anything but straightforward, characterized by aggressive pricing, significant cuts, and strategic market withdrawals. This turbulent history is a clear reflection of the high-end Hamptons real estate market's sensitivity.

Initial Listing and $10 Million Price Cut

The journey began in November 2022 when Alec and his wife, Hilaria Baldwin, first listed the estate for an ambitious $29 million. The initial price was likely based on the property's size and development potential, but it failed to attract a buyer at that premium level. Over the next year and a half, the price saw multiple reductions, eventually dropping to $22.5 million and then to its lowest point, reportedly around $19 million.

The July 2024 Withdrawal and December 2025 Return

In a strategic move to reset the listing and avoid market stagnation, the property was temporarily taken off the market in July 2024. This is a common tactic in luxury real estate, allowing the listing to return as a "new" property. The Amagansett estate’s return in December 2025 came with a slightly increased price tag of $21 million, signaling a renewed, yet still serious, intention to sell. The current listing is being handled by Scott Bradley and Michael Cinque of Saunders & Associates.

Inside the Historic Amagansett Estate: Luxury Features and Amenities

The 10-acre property at 335 Town Lane is not a typical modern Hamptons spec house; it’s an historic farm house dating back to 1740. The house itself spans approximately 9,000 to 10,000 square feet, offering expansive space perfectly suited for the large Baldwin family, which includes seven young children. The estate’s luxury amenities and structural details are what make the $21 million price point viable in the South Fork market: * Bedrooms and Bathrooms: The main residence features 7 bedrooms and 7 to 9 full bathrooms, ensuring ample space for guests and residents. * Architectural Details: The home features classic Hamptons design with covered porches and two upper-level balconies, offering serene countryside views of the sprawling lawns. * Entertainment Spaces: Designed for high-end living, the house includes a dedicated home theater, a sophisticated wood-paneled library, and a wine-tasting room/cellar. * Family-Centric Features: A luxury chef’s kitchen and multiple living areas cater to the needs of a large family, which was prominently featured in their reality show. * Outdoor Amenities: The 10-acre spread provides exceptional privacy and development potential. While not explicitly detailed in every listing, the vast grounds are ideal for adding a pool house, tennis court, or other recreational facilities, which is a major selling point in the Amagansett real estate market.

Amagansett Real Estate Context: Why the Price Is $21 Million Now

The timing of the relisting in late 2025 is strategic, coinciding with a complex but generally bullish East End real estate market. The $21 million asking price reflects a calculated risk, positioned above the low point but below the initial high-water mark. The Amagansett housing market has shown incredible volatility. While the average home value saw a slight decrease of 2.4% over the past year, the median price for closed sales in July 2025 was up a massive 75.0% year-over-year, hitting a median of $4.9 million. This signals that while the average is down, the ultra-luxury segment is experiencing significant gains. Furthermore, the second quarter of 2025 saw a 15% year-over-year climb in dollar volume for the East End, with Amagansett specifically showing the largest percentage gain in closings at 148%. This data suggests a strong appetite for high-end properties, especially large, historic compounds like the Baldwin estate, which offer both acreage and development potential—a true South Fork Dream Home. The $21 million price is an attempt to capture this surging luxury market momentum.