Recent Stories: Real Estate

Debra Scott
June 12, 2014

Barn and Vine, a 50-acre development under construction in Bridgehampton abutting the Channing Daughters vineyard, was featured on Bravo’s “Million Dollar Listing New York” last night.

The listing of 37 houses, each on half-acre-plus lots, is shared by four agents: Terry Thompson and Aaron Curti locally, and Fredrik Eklund and John Gomes in New York, all of Douglas Elliman Real Estate. Mr. Eklund is one of the principals featured on the TV show.

Debra Scott
June 10, 2014

The other day a real estate team from Douglas Elliman held an unusual open house. The only invitees were members of the East Hampton Town Board, Nature Conservancy, Peconic Land Trust, local environmentalists, and philanthropists. The property is in an idyllic ecotone between salt marsh and forest off Northwest Creek in East Hampton. And Chris Chapin, his partner Ray Lord III, and the owner want it saved.

Debra Scott
June 5, 2014

Bargain hunters take note. Fort Pond Boulevard in Springs might not be noted it for mega-mansions, but it still caused notice when a .32-acre property there was recorded in the transfers this week at having sold for a mere $210,000.

“This is the least expensive sale that I have seen in years,” said Chris Chapin, an agent at Douglas Elliman, who could not find the listing in any of the systems used by his company. “This likely was a private sale that never hit the open market.”

Ironically, the seller was an L.L.C. named Hampton Dream Properties.

Debra Scott
May 27, 2014

Steven Spielberg, who lives on nine acres overlooking Georgica and Lily Ponds and straddling Apaquogue and West End Roads in East Hampton Village, has placed on the market a nearby 3.3-acre property he purchased six years ago for $20 million in hopes of expanding his domain. He tore down the house on the newly listed property at 94 Apaquogue Road, which he bought from a member of the Cartier jewelry family, but never built there.

Debra Scott
May 19, 2014

The rumors that have abounded suggesting that two of the Kardashian sisters will be opening a South Fork shop have been corroborated. Irma Herzog, the owner of the Driver’s Seat in Southampton, and retail spaces directly to the west of the restaurant, has confirmed that she has leased the storefront at 64 Jobs Lane to the Tinsel Town siblings.

Debra Scott
May 16, 2014

In a Dickensian twist, while one man just purchased the most expensive residential real estate in this country on record, his next-door neighbor’s house is about to be foreclosed upon.

Debra Scott
May 9, 2014

An 8,000-square-foot Sagaponack house designed by Charles Gwathmey, a modernist architect who left a legacy of chic boxes throughout the South Fork, was sold in February for $20 million, as recorded in recent deed transfers. The house wasn’t officially on the market, as the owners were waiting to finish a house they are building nearby, according to the selling agent, Corcoran’s Susan Breitenbach.

Debra Scott
May 5, 2014

Barry Rosenstein, a hedge fund manager, is reportedly buying a three-parcel ocean view property on Further Lane in East Hampton Village for $147 million, according to the New York Post.

Totaling 16 acres, according to Suffolk County records, the three lots at 60, 62, and 64 Further Lane were at one time owned by Christopher H. Browne of Tweedy, Browne Company, who died in 2009.

Debra Scott
April 1, 2014

When Linda Haugevik, an agent at Sotheby’s International Realty, put North Haven’s six-acre Strongheart estate on the market in July for $65 million, there were those who accused her of being on “hallucinogens,” she said.

In other words, even though the property belonged to the actor Richard Gere and his wife, Carey Lowell (who have since filed for divorce, according to the tabloids), it was perceived by some as overpriced. Nine months later, the price has been reduced to $56 million.

Debra Scott
March 13, 2014
When it comes to commercial real estate on the South Fork, rumors abound. Come winter, with many shops closed, tongues wag about which are coming and which are going. Don’t necessarily listen to the scuttlebutt.

       When it comes to commercial real estate on the South Fork, rumors abound. Come winter, with many shops closed, tongues wag about which are coming and which are going. Don’t necessarily listen to the scuttlebutt.

Debra Scott
March 11, 2014

Last week, when Stacy Ludlow was driving down Halsey Lane in Bridgehampton en route home to Mecox Bay Dairy where she and her family make cheese, she noticed that a lovely old farmhouse dating from circa 1720 was being torn apart.

Debra Scott
March 6, 2014

The Arc House, a residence on Green Hollow Road in East Hampton that is a kind of glamorized Quonset hut will be featured Sunday on the Travel Channel.  Designed by Maziar Behrooz, an East Hampton architect who just opened an office in Manhattan’s Flatiron district, the nearly 5,200-square-foot structure is made of corrugated steel and held up by 14 “ribs.”

Debra Scott
March 3, 2014

When Paul Rice, an architect who has designed houses throughout the South Fork with his partner, Ward Welch, for 25 years, purchased a house at 78 Meeting House Lane in Amagansett in 2008, he set to work gutting it and adding 1,200 square feet. The timing couldn’t have been worse.

Plans were for a 4,500-square-foot, updated gambrel-roofed traditional but construction, which only extended to the exterior of the house, was stopped as the market dove south. The interior is framed, but unfinished. 

Debra Scott
February 26, 2014

A nearly six-acre property with a Tudor-style 12,000-square-foot house built in 2005 for Richard Demato, who is a Sag Harbor gallery owner, and his wife, Harriet Sawyer, an artist, closed Tuesday for just over $31.7 million. Though the deal does not set a record for the most spent on a North Haven property — that honor goes to Tyndall Point, a 55-acre sub-dividable parcel with a main house built in the 1950s that sold for $36 million in 2011 – it does set a record in the hamlet for a single-family residence.

Debra Scott
February 6, 2014

While historic houses are being torn asunder all over the South Fork, Southampton Town has come to the rescue of at least two.

The owners of the Benjamin Foster Homestead in Water Mill, a half-Cape from the Federal period, and the Foster-Downs House in East Quogue, a Greek Revival residence with later Italianate style embellishments, will each receive $10,000, to help pay for the cost of materials and labor for preservation efforts. Both properties attained town landmark status last year.

Debra Scott
January 21, 2014

Less than a year after the purchase of a Further Lane property in March for a staggering $62.5 million by Steven A. Cohen, a hedge fund billionaire, The New York Observer reported last week that the embattled billionaire is trying to “dump” the 6.5-acre property.

Debra Scott
January 17, 2014

Bill O’Reilly, the Fox News commentator known for bulldozing liberals, has bulldozed a 1940s cottage that had been perched high on a Montauk bluff overlooking the ocean, on property he purchased last year for $7.65 million.

Last summer when The Star interviewed the selling agent, Theresa Eurell of Town and Country, she said that if the cottage were demolished its buildable footprint would go with it, allowing nothing to be built on that idyllic location again. Local residents were hoping he'd keep the cottage as a romantic aerie.

Debra Scott
January 14, 2014

If you build a house for immortality it might be a bit inconvenient, even embarrassing, to eventually die. But Madeline Arakawa Gins, an architect, who with her husband, who was known simply as Arakawa, also an architect, built a house in East Hampton to pre-empt death for its inhabitants, left the mortal plane last week at age 72, according to an obituary in The New York Times. Mr. Arakawa predeceased her by four years.

Debra Scott
January 10, 2014

For more than a decade it stood vacant near the East Hampton Village train station, a Floridian-style house – stucco, flat roof, the sort of place that begs for a plastic flamingo on the lawn.

Recently, the next-door neighbors at 11 Sherrill Road, Jeff Williams and Tim Walsh, bought the property, and are building a new house there. The couple plans to return the style of the property to a time before that of its former Art Deco incarnation. Jack Thullen Construction is their contractor.

Debra Scott
January 2, 2014

When a rental client called Roxane Robinson, an agent at Brown Harris Stevens, and told her about an $800-a-month house she’d seen on Zillow available for rent year round in East Hampton Village, Ms. Robinson knew something was fishy.

Her first clue: Her customer had at first felt as if he’d won the lottery. Alas, the reality is “We don’t have any affordable housing out here,” she said.

Debra Scott
December 31, 2013

What could be the best rental deal in the Hamptons just came on the market for the summer season. One of the coveted oceanfront Sea Spray Cottages, vestiges from the glory days of the Sea Spray Inn, which dated from 1840 and burned down in 1978, can be had by the highest bidder.

East Hampton Village, which owns the 13 cottages near Main Beach, is soliciting bids for the summer season through 2 p.m. on Jan. 27 for the one-bedroom cottage number 14 (named thus most likely for reasons of superstition).

Debra Scott
December 23, 2013

With her term on the East Hampton Town Board soon to be behind her, Theresa Quigley has moved up in the world, well, at least to a “higher” place.

It was announced today that the real estate attorney has been named executive managing director and general counsel to Saunders and Associates, a real estate firm based in Bridgehampton whose tag line reads: “A higher form of realty.”

Debra Scott
December 20, 2013

Whether the seller of a Southampton house gets paid in Bitcoin as he’s asking, or in cash, which he’ll take — he’s certainly stirred up a lot of attention for his listing on Big Fresh Pond.

Star staff
December 11, 2013

AMAGANSETT
P. Kraft and T. Howe to C. Roberts, 68 Fresh Pond Road, 2.44 acres, Oct. 9, $4,300,000.
R. Fleming Trust to Farrell Holding Company, 59 Meeting House Lane, .5 acre, Oct. 2, $2,250,000.

BRIDGEHAMPTON
I. Hegner to S. and N. Nadler, 309 Old Sag Harbor Road, 2.2 acres, Sept. 17, $1,920,000.
Sweet Manna Farm to 92 Day Lily Lane L.L.C., 92 Day Lily Lane, 1.61 acres (vacant), Sept. 27, $2,085,000.
E. and M. Sherin to 110 Guyer, L.L.C., 110 Guyer Road, 1.98 acres, Oct. 10, $6,400,000.