There are cheaper ways to build a parking lot. Southampton Town, however, has never been accused of operating in an ordinary real estate market, especially when it comes to Meadow Lane, now better known as Billionaire’s Lane, the slim spit of land on the Atlantic beloved by Wall Street titans. The town recently agreed to spend $25.8 million to purchase 1950 Meadow Lane, a 2.2-acre oceanfront estate with an approximately 8,000-square-foot house, a swimming pool, tennis court and enough Atlantic frontage to make luxury brokers start speaking in italics. The plan is to demolish the house, restore the dunes, add […]

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