Access Industries’ Len Blavatnik has plenty of commercial irons in the fire, but was behind a quiet residential deal that has set the Hamptons luxury market ablaze. The Ukrainian-born billionaire was the buyer of 408 Further Lane, Behind the Hedges first reported. The deal closed in late July, but property records showed the buyer identified as a limited liability company named Brise Lontaine. Blavatnik paid $115 million — $13.5 million per acre —for the eight-and-a-half-acre property, marking the largest deal for a single residential parcel in Hamptons history. Combined parcels have sold for a higher price tag, but in terms […]

This article originally appeared on The Real Deal. Click here to read the full story.