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.
Business
Recorded Deeds 05.26.22May 26, 2022
The week’s real estate report, with an awful lot of L.L.C.s in the mix.
Are We Nearing the End of the Seller's Market?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.
Recorded Deeds 05.19.22May 19, 2022
Here's a snapshot of real estate dealings from Montauk to Southampton Village.
Hey, That's My House, and It's Not for Rent on AirbnbFor 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 Looks to Sell Its Wind Farm AssetsEversource, 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.
Recorded Deeds 05.12.22May 12, 2022
A $690,000 sale in Noyac is the rock bottom of the market? This is the week in Hamptons real estate.
Brennan’s Bit and Bridle: Outfitting Riders for 47 YearsIt 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.
Help Hard to Find in Boom TimesIn 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.
New Building to Rise at Dry Cleaner SiteConstruction 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.
Recorded Deed 04.28.22Apr 28, 2022
The latest in the never-cooling South Fork real estate market . . .
Recorded Deeds 04.07.22Apr 7, 2022
From Amagansett to Bridgehampton, it’s the march of the big-money L.L.C.s.
Montauk Chamber Has a New Leader"I've always loved Montauk," said Jennifer Fowkes, the new executive director of the Montauk Chamber of Commerce.
Recorded Deeds 03.31.22Mar 31, 2022
The week sees an uptick in real estate action, with Noyac and East Hampton leading the way.
Recorded Deeds 03.17.22Mar 17, 2022
From Amagansett to Bridgehampton and west to the canal, the millions keep flowing. Here’s the latest in South Fork real estate transactions.
Recorded Deeds 03.10.22Mar 10, 2022
A $20 million sale in East Hampton Village, $13 million in Bridgehampton, and $3 million sales hither and yon.
Recorded Deeds 03.03.22Mar 3, 2022
The march of the L.L.C.s continues with a $17 million buy on North Haven, among others.
Recorded Deeds 02.24.22Feb 24, 2022
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.
Recorded Deeds for February 17, 2022Feb 17, 2022
Two $6 million transactions in Amagansett lead off the week in South Fork real estate.
Recorded Deeds for January 27, 2022Jan 27, 2022
A $19 million sale in East Hampton Village? Another on North Haven for $6 mil? Welcome to the Hamptons.
Breadzilla Has Been SoldBreadzilla, the ever-popular and long-for-sale Wainscott bakery, sandwich, and gourmet shop, finally found a buyer.
Real Estate Frenzy Made 2021 Another Record YearResidential real estate transfers made history on the South Fork again in 2021, with record-high sales totals, record-low inventory, and a lightning-fast pace at which deals are being made. It was a frenzied year, described by industry professionals as a seller's market in which cash is king, bidding wars are common, and inventory is low.