From Newsday.com Real LI Blog

Another house on Meadow Lane in Southampton has sold for an impressive price.

Public records show that a six-bedroom, 7-½-bath home owned by John and Lauren Veronis fetched $27 million recently. The sale was recorded Jan. 2.

Veronis is co-founder and managing partner of Veronis Suhler Stevenson, an independent media merchant bank. He also founded the magazine Psychology Today, and was once editor of Ladies Home Journal. Lauren Veronis is a philanthropist and socialite who is also the mother of newswoman Perri Peltz.

According to records, the couple purchased the 1.95-acre property in 2002 for $3.7 million from infomercial king Ira Smolev.

Seems like oceanfront property on Meadow Lane is a very good investment. In 2007, 7.5 acres of vacant land sold for $35 million, and media executive Robert F.X. Sillerman paid $30.5 million for a home next door to the one he already owns. Howard Stern and then-fiancee Beth Ostrosky also reportedly paid $1 million to rent a home on Meadow Lane for a year.

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