East Hampton's 174 Further Lane Finds A Buyer One Year Later

Looks like we've got ourselves another contender for biggest sale of the year: 174 Further Lane has entered into contract. Between this and Beechwood, Corcoran's Tim Davis has certainly started off 2012 on a remarkably high note.

The seven-bedroom contemporary hit the market almost exactly one year ago with a $38M ask, but it wasn't until February's $6M chop that a buyer was found. We would hope that the soon-to-be new owner has a passion for astronomy. The "dreamy oceanfront Hamptons hideaway" comes with an amenity that Galileo would have appreciated: its very own observatory.

As always, feel free to leave your guesses for the final purchase price in the comment section.