A two-house compound in one of the Hamptons'most exclusive areas has sold to an undisclosed buyer for $57.5 million.

The six-acre family compound, located in Southampton, New York, was initially put on the market in 2016, after its owner, financial advisory firm-founder John F. Sullivan, passed away.

The sale includes a pair of circa 1990 chateau-style homes, one of which has direct frontage on the ocean.

The oceanfront home, which spans about 9,200 square feet, has an elevator, a wine cellar and a heated swimming pool.

The smaller house is roughly 4,600 square feet. The properties have private access to the beach.

Real estate agent Cody Vichinsky told the Wall Street Journal that the sale of the estate was negotiated before the coronavirus pandemic broke out in New York.

But, he said that since coronavirus hit New York City, he has seen an increase in interest from buyers looking to leave the city for homes in the less densely-populated Hamptons.

The Hamptons rental market is also said to have seen enormous growth in recent weeks as wealthy urbanites flee coronavirus hotspots, including New York City, seek temporary refuge.

Mr. Vichinsky brokered the deal with his brother and business partner Zach Vichinsky.

Photos: Bespoke Real Estate