PORTSMOUTH — Well, that didn’t take long.

After just 37 days of auction marketing, Sotheby’s Concierge Auctions has announced a pending sale for historic Sandy Point Farm.

The pending sale is for $2.3 million, plus a 12-percent auction fee, which brings the buyer’s total commitment to $2.576 million.

The 6.15-acre equestrian property was offered in cooperation with Kylie McCollough and Judy Chace of Mott & Chace Sotheby’s International Realty.

A press release about the sale from public relations firm Berlin Rosen did not list the successful bidder on the property. However, the release stated that as “part of Sotheby’s Concierge Auctions’ Key for Key giving program in partnership with Giveback Homes, the closing will result in the funding towards new homes built for families in need.”

Sandy Point Heritage Foundation, a local organization recently formed to raise donations and community awareness to help preserve the property, was not the high bidder, according to Genna Heath of Portsmouth, who founded the group along with Ingrid Adolphs-Carbotti of Newport.

However, Heath stated in an e-mail Tuesday, “We look forward to exploring opportunities for partnership with the new owners. We remain committed to supporting restoration of Sandy Point as historic agricultural space and expanding access to equine programs for more people through the island and surrounding communities.”

According to Heath, the successful bidder’s name will not be publicly disclosed until the closing at the end of this month.

Located at 30 Sandy Point Farm Road, the historic property was once part of the 280-acre estate commissioned by Reginald Claypoole Vanderbilt, son of Cornelius Vanderbilt and grandfather to Anderson Cooper. 

Designed by architect A.S. Walker and completed in 1902, the 6.15-acre estate features premium equestrian facilities, including 24-stall stables, a 15,000-square-foot indoor riding arena, grooms’ quarters, five apartment spaces for residential use, and a guest lounge. The architecture showcases 2x24-foot press beams and an indoor riding ring with cupolas, with additional lots available for development.

“Working with Sotheby’s Concierge Auctions allowed us to leverage a global audience and find the perfect buyer in just 37 days,” said McCollough. “Their team was highly professional and seamless in executing a strategic auction campaign, and we’re excited that this cooperation has led to a successful sale for our client.”

“Sandy Point Farm is a remarkable property with a rich history, and we’re proud to have been part of this sale,” said Chace. “The swift and strategic approach by Sotheby’s Concierge Auctions brought us incredible exposure and results in a short time frame, proving the power of combining our local expertise with their expansive reach.”

Listed for $3.5 million, starting bids were expected between $1 million and $2 million. After the auction announcement in late September, bidding formally opened on Oct. 17 and closed on Oct. 31 via Sotheby’s Concierge Auctions’s online marketplace.