Business

Newly reported real estate doings on the South Fork.

New real estate transfers.

The Springs General Store is the unofficial center of the hamlet, a place where people flock for breakfast on weekends or coffee and camaraderie on weekday mornings, and where children head after school for a bag of candy or three cookies for $3. "For me the biggest gift is that I was able to be an active part of the community in a way that one person cannot always be," said the business's owner, Kristi Hood.

“Oh, hi! We’re the people who rented your place.” That’s what the owner of a Springs property, who asked not to be named, said she heard about 20 times, almost daily, over the past three weeks. She believes she has been the victim of a summer house rental scam.

The march of the L.L.C.s — it’s another week in Hamptons real estate.

Montauk Airport, the small, privately owned airport that has taken on an outsized role in the controversy over the planned privatization of the larger East Hampton Town Airport, has been sold, an owner confirmed on Tuesday. 

The latest transactions for real estate watchers.

Here is the week in South Fork real estate action.

Leo Daunt hasn’t just co-opted any old vintage mom-and-pop atmosphere of 1970s Montauk in the repurposing of his seaside motel. He's actually taken his mom and pop’s vibe and given it a cool rethink with glossy interiors and contemporary twists like Himalayan salt lamps in the rooms, outdoor fire pits, and a yoga pavilion — the better to cater to the values of the millennial traveler.

The week’s real estate report, with an awful lot of L.L.C.s in the mix.

The East End real estate boom brought on by the Covid-19 pandemic is experiencing a shift thanks to historically low inventory, but the market is still feeding historically high prices, competitive conditions, a near-total lack of available rental properties, and faster turnaround of deals as a result.

Here's a snapshot of real estate dealings from Montauk to Southampton Village.

For a luxury Montauk rental, it sounds too good to be true. Six bedrooms, 7,300 square feet, ocean view, heated saltwater pool with waterfall edge, and top-of-the-line kitchen appliances listed for $2,500 a night on Airbnb. The catch, says the homeowner: It's a scam offered by "hosts" who've used the legitimate real estate photos to dupe unsuspecting vacationers.

Eversource, the Boston and Hartford-based energy company that is a partner with the Danish energy company Orsted in the South Fork Wind farm and other projects, may sell all or part of its offshore wind assets.

A $690,000 sale in Noyac is the rock bottom of the market? This is the week in Hamptons real estate.

It wasn’t just bread baking or pet ownership that Covid refugees turned to once they had alighted here during the pandemic. Many also embraced horseback riding, observed Natalie Mattson, who owns Brennan’s Bit and Bridle in the Bridgehampton Commons.

It was a busy week in Hamptons real estate dealings.

In addition to an already tight labor market, three major structural problems plague the East End. Lack of affordable housing, lack of public transportation and inadequate roads to handle growing traffic, and a lack of child care add to the already difficult task of hiring and retaining employees.

Construction is under way at 106 Newtown Lane in East Hampton Village, where a new retail store, office space, and two-bedroom apartment are planned on the site of the former East Hampton Cleaners, which closed at the end of 2018.

The latest in the never-cooling South Fork real estate market . . .

The week’s real estate rundown.

From Amagansett to Bridgehampton, it’s the march of the big-money L.L.C.s.

"I've always loved Montauk," said Jennifer Fowkes, the new executive director of the Montauk Chamber of Commerce.

The week sees an uptick in real estate action, with Noyac and East Hampton leading the way.

From Amagansett to Bridgehampton and west to the canal, the millions keep flowing. Here’s the latest in South Fork real estate transactions.

A $20 million sale in East Hampton Village, $13 million in Bridgehampton, and $3 million sales hither and yon.

The march of the L.L.C.s continues with a $17 million buy on North Haven, among others.

From a sizable commercial sale in East Hampton Village to a residential one of nearly $11 million in Amagansett, this is your week in Hamptons real estate.

Two $6 million transactions in Amagansett lead off the week in South Fork real estate.

Hamptons real estate transactions continue apace.