Ron Lauder, heir to the Estée Lauder fortune, plans to sell his 30-acre Wainscott, East Hampton land for $56 million to the town for preservation. The town will use its Community Preservation Fund to buy the property, marking its most expensive acquisition to date. The land includes part of the shoreline of Wainscott Pond, an impaired water body. The sale aims to protect open space and water quality, with plans to implement environmental measures. Lauder bought the property three years ago for $66 million to prevent development, and Bespoke Realty is handling both sides of the deal.
30-acre Wainscott
