Cuomo Buys Hamptons Estate for $9.6 Million

Former New York governor closed a cash purchase of a seven-acre Remsenburg property below its 2025 asking price.

Updated on Nov. 7, 2026 in Residential

Cuomo Buys Hamptons Estate for $9.6 Million

Andrew Cuomo paid $9.6 million in cash on June 23, 2026, for a seven-acre estate in Remsenburg on Long Island's South Shore. The price was $2.3 million below the property's 2025 asking price of $11.9 million.

Why it matters

The purchase reflects a notable real estate transaction on Long Island's South Shore by a prominent public figure. Cuomo's spokesman said he plans to sell the vacant lands in the deal and keep the house as a summer residence.

The estate spans seven acres with 234 feet of waterfront, including a principal residence of about 8,500 square feet with nine bedrooms and a separate four-bedroom guesthouse. The purchase closed in cash through a limited liability company, with no mortgage reported.

The players

Andrew Cuomo

Former New York governor who resigned in 2021 amid sexual misconduct allegations he has denied, and who lost the 2025 New York City mayoral race to Zohran Mamdani as an independent.

Lauren Spiegel

Real estate agent with Douglas Elliman who represented the seller in the Remsenburg estate sale.

The details

The acquisition included four parcels and two residences, including a former 19th-century hunting lodge dating to the 1890s. The buyer did not use a real estate agent, and the seller was represented by Lauren Spiegel of Douglas Elliman.

2025: Estate offered for sale at $11.9 million.
June 23, 2026: Cuomo completed the $9.6 million purchase.

Market Context

The sale closed $2.3 million below the seven-acre estate's 2025 asking price of $11.9 million on Long Island's South Shore. The gap shows the transaction priced in a discount to the original listing.

Buyers and sellers in the Hamptons market can see how a seven-acre waterfront listing priced below its original ask. The reported sale highlights that high-end estates may close under asking prices.

The takeaway

Listing prices for large waterfront estates can shift substantially before closing. Buyers evaluating high-end property may find past asking prices a useful reference point when assessing a fair offer.