Behind The Hedges Take a Peek Inside Rosenstein’s $70 Million Starter Home

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rosenstein
Take a Peek Inside Rosenstein’s $70 Million Starter Home
November 22, 2017
So finally the listing of Barry Rosenstein's previous East Hampton oceanfront house is up. (Remember, last week we brought you the news that hedgie Rosenstein, who made headlines with his purchase of a property for $137 million on the ocean in East Hampton in 2014, had put his older property on the market for $70 million.) All photos via Zillow The listing agents for the Drew Lane, East Hampton, property are Tal Alexander and Oren Alexander of Douglas Elliman in New York. Rosenstein paid $19.2 million for the property in 2005, and then hired Rick Cook of CookFox Architects to design a house. There's 1.5 acres of land with a long lap pool, the seven-bedroom, 9.5-bathroom house, a two-bedroom guest cottage, and a separate garage with office. So here it is. What do you think? We have one word: yaawwwwwwwwwwn. (Sorry, Barry.) The place is so tastefully understated we're going to fall asleep any minute. Granted, the pictures are pretty skimpy, and some good design work would give the interiors more interest--hard to say how dull the actual house is. Of course the views are spectacular. Price is too high, we think. Yes, it's a prime location, but for only $1.5 acres, $70 million strikes us as too high. What say you? For more, click here. 27 Drew Lane, East Hampton
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devon
Affordable Devon: Amagansett’s Best Kept Secret
November 21, 2017
Want to be in Amagansett but don't have big bucks to spend? Look north, kemosabe. The Devon area has peace and quiet and great bay beaches. Best of all, there are wonderful houses to buy for a little over a million dollars. In the Hamptons, that's "affordable." The area was first settled in 1910 as the Devon Colony, which was an association formed by wealthy businessmen from Proctor & Gamble in Cincinnati. The men gathered for hunting and fishing. (In fact, the two largest estate compounds created in the 20th century were settled by people from the Cincinnati business community: the Wyborg estate in East Hampton and the Devon colony. We guess Cincinnati is boring in the summer.) [caption id="attachment_64439" align="alignnone" width="748"] All photos courtesy Corcoran[/caption] As an example, take a look at this property on Fox Hunt Lane. It's in contract at a mere $1.25 million, listed by Vicky Thompson at Corcoran. There's an updated midcentury home all on one level, with four bedrooms and two baths. The living room offers a funky fireplace and high ceilings and there's a screen porch perfect for avoiding bugs on summer nights. There isn't a pool but there's certainly room for one on 0.43 of an acre of land, and the bay beach is quite close, as is the town. A larger house and property is also on Fox Hunt for $1.65 million. It's a kind of expanded contemporary ranch with six bedrooms and four baths. Recently, too, a one-acre lot sold for just over a million on Devon Landing Drive. For more, click here. 23 Fox Hunt Lane, Amagansett
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black friday sale
A Black Friday Sale on This Lovely Sagaponack Property
November 20, 2017
We fell in love with this magical property two years ago when it was listed for $22.5 million, and we didn't think it was a bad price given how much it has to offer. Charm, beauty, location (Hedges Lane, Sagaponack), four acres of land, and four separate buildings. Now the spread has been relisted with Beate Moore and Frank Newbold at Sotheby's for a mere-bag-of-shells $16 million. Surely some savvy rich person will snap it up soon. [caption id="attachment_64424" align="alignnone" width="750"] All photos courtesy Sotheby's[/caption] The circa 1880 barn has 4000 square feet of living space, three bedrooms, 4.5 bathrooms, high ceilings, antique beams, and a master suite with a fireplace and private balcony. Got a lot of guests? The guest house (can't really call it a cottage) boasts six ensuite bedrooms. There's a pool, barn-style pool house with gym, and a studio with garage and office. The grounds are what make this place extra-special. Get a load of the lily pond with bridge, orchard, wisteria-clad dining pergola, and a sunken tennis court. What do you think of the place? For more, click here. 544 Hedges Lane, Sagaponack '[
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cedar clad contemporary
A Cedar Clad Contemporary in Georgica for $3.1 Million
November 17, 2017
This house, by architect Alfredo De Vido, is slightly dated on the exterior but the cedar shingles help soften the effect. Inside, it's like Attack of the Knotty Pine. (The furnishings go so well with the house we wonder if it's still with the original owner from 1974.) [caption id="attachment_64416" align="alignnone" width="750"] All photos via BHS[/caption] We're not sure this look will ever come back, so we would advise the new owner to invest in a lot of white paint immediately. After that, this will be a very cute house--the staircase/fireplace is pretty groovy. "Cute" because it's pretty small at 1250 square feet, with three bedrooms and two baths. Presumably new baths are needed (they're not pictured), and we'd definitely renovate that angular kitchen. The property is listed by Martha Gundersen at Brown Harris Stevens. No pool, but with 0.93 of an acre of land, there's plenty of room. Or one could expand or knock down the house, but we tend to think demolition would be a shame. Price for all this is $3.1 million, which strikes us as not bad. It's not very easy to get a SOH East Hampton house for less than that, and many of them have less land. Location is not the absolute toniest, but it's fine. What say you? For more, click here. 8 East Hollow Road, East Hampton
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rosenstein
Barry Rosenstein Selling Older East Hampton Property for $70 Million
November 16, 2017
You know how it goes. You buy a nice new property for $137 million on the ocean in East Hampton, and you plan your new house, but it's going to take years, so you hold on to your older East Hampton oceanfront property. Finally, the new house is starting to come together, so you put the other property on the market for $70 million. We've all been there, Barry Rosenstein. According to the Wall Street Journal, the listing agents for the Drew Lane, East Hampton, property are Tal Alexander and Oren Alexander of Douglas Elliman in New York. Rosenstein paid $19.2 million for the property in 2005, and then hired Rick Cook of CookFox Architects to design a house. (Cook also designed the new house.) There's 1.5 acres of land with a long lap pool, the seven-bedroom, 9.5-bathroom house, a two-bedroom guest cottage, and a separate garage with office. What do you think? 27 Drew Lane, East Hampton
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xanadu
‘Xanadu East’ in Water Mill: 5 Acres and Views for Miles
November 15, 2017
In Xanadu did Kubla Khan  A stately pleasure-dome decree:  Where Alph, the sacred river, ran  Through caverns measureless to man     Down to a sunless sea.  This property, dubbed Xanadu East by its owners, doesn't exactly feature a pleasure-dome, but it does sport a pleasure-cone! [caption id="attachment_64393" align="alignnone" width="750"]xanadu All photos via Sotheby's[/caption] The roof of the guest house sports an unusual cone shape. The rest of the property is pretty cool too. Get a load of the pool. And the views. The property is 230 feet above sea level, with agricultural reserves to the south and east. The main house is a traditional, with 5 bedrooms and 4.5 baths in about 5000 square feet. There's a Bakes kitchen with breakfast nook, a great room, and a finished lower level with home theater, gym, and office. Not enough space? The guest house, once owned by designer Randolph Duke, offers 4 bedrooms and 3 baths in 2,400 square feet. There's an open living room with fireplace and that glass atrium. Outside, there are 250 specimen trees, rolling lawns, the pool, and a sunken tennis court. Asking price for the property, listed by Angela Boyer-Stump and Eve Combemale at Sotheby's, is $10 million. What do you think of the place? For more, click here. 972 Noyac Path, Water Mill
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Blaze Makoid
Blaze Makoid Effects a Stunning, Award-Winning Transformation
November 14, 2017
A year after purchasing a modern house on Old Orchard Lane in East Hampton, the new owners called in Bridgehampton-based architect Blaze Makoid to transform the house from "spec" to "spectacular." Now Makoid's efforts have won an Award of Citation at the 2017 American Institute of Architects (AIA) New York State Design Awards in the Residential, Small category. This accolade comes just weeks after the design won in the Residential, Over $3 Million category at the AIA Long Island Chapter’s 53rd Annual Archi Awards. [caption id="attachment_64387" align="alignnone" width="667"] All other photos by Joshua McHugh[/caption] [caption id="attachment_64388" align="alignnone" width="675"] Design: David Scott Interiors[/caption] Blaze Makoid Architecture warmed up the aluminum skin of the building by adding wood. A wooden box was added to bisect the main form, which created an entry plinth elevated a few steps above the existing floor. This form is echoed by a new wooden poolhouse opposite. Two more rooms were added at each end of the existing structure, separated by glass bridges. One is a two-story wood and glass master bedroom and bath at grade level atop a concrete, basement level plinth containing a large dressing room that opens up to the sunken courtyard. The other new room is a home office that screens the sunken driveway, offering an attractive wood facade instead. Well done, and congrats to Blaze and everyone at Blaze Makoid Architecture!
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drexler
Mickey Drexler’s Oceanfront Wainscott Property Finally Well Priced
November 13, 2017
This property, which belongs to J. Crew chairman Mickey Drexler, has been on and off the market over the past few years at various price points. Just a few weeks ago it was on the market for $21.5 million; now the price has been cut to $17.95 million, which is finally approaching the property's actual value. It's listed by Paul Brennan and Ronald White at Douglas Elliman. [caption id="attachment_64367" align="alignnone" width="750"] All photos courtesy Elliman[/caption] "But Hedgie," you say. "Are you insane? That's 2.3 acres of oceanfront in Wainscott. Why wouldn't it be worth $21.5 million?" Simple, we reply. You can't add on to the house and you can't add a pool because of wetlands restrictions. At least that's what we've been told by people in the know. So while the house is adorable and cozy, at 3500 square feet with three bedrooms, that's it. That's all the room a buyer can have--no giant trophy megamansion possible here. Still, the property is now one of the cheapest on the market in the Hamptons, given that it offers 315 feet of oceanfront and 2.3 acres. And the house is charming, with great views of the ocean and Wainscott Pond, beamed ceilings, and that funky egg-shaped fireplace. Plus, even if the land isn't buildable, there's plenty of it to ensure peace, quiet and privacy. We wouldn't be surprised if some lucky buyer snatched this place up quickly. What do you think? Let us know in the comments. For more, click here. 120 Beach Lane, Wainscott
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sag harbor antique
An Extremely Charming Sag Harbor Antique with Pool
November 10, 2017
We've posted a lot about older Sag Harbor houses often here, but that's just because they tend to be so damn attractive, unlike most of the cookie cutter new homes. And this one on Green Street is no different. Built in 1800, the house is listed by Mala Sander at Corcoran, asking $3.495 million. We were just discussing with a friend the other day how much we dislike over-renovated old houses. The house should still feel old--alterations should be done with a light, thoughtful touch. And that's what's happened here. The beams, the wide-plank floors, the old windows, all make for vintage charm (as does the sailboat wallpaper). Of course, like most of these houses, it's not huge at 2300 square feet and the lot is tiny at 0.3 of an acre, but both have all you need: three bedrooms, three baths, a library, sunroom, and so on. Outside, there's a pool and a lounge area with brick patio. Price is about right as a starting point--we'd prefer it were about $200K less, but we'll see what happens. For more, click here. 5 Green Street, Sag Harbor
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pantigo pointe
In East Hampton, Goodbye Crystal Mews; Hello Pantigo Pointe!
November 09, 2017
Almost three years ago, to some fanfare, the Crystal Mews development was announced on the site of the former Crystal Room and Cricket Catering on Pantigo Road in East Hampton. (They sadly didn’t choose the name I suggested, “Clam Pie Mews,” after the sign that used to hang there.) Six houses for those 55 and over were planned. One model was built, but no one bought. Why? The project is south of the highway, by which we mean it’s right on the highway. Also, we question the utility for a very small 55-and-older community, unless it’s just a way to ensure more children won’t be entering local schools. We can see the appeal of a retirement-type community if it’s large enough to ensure quiet, but this isn’t. Also, while we personally find the model quite attractive, the gambrel style is quite traditional and a bit dated right now. Calendar pages flew off, and now the development has a new name, Pantigo Pointe, and a new real estate agency, Brown Harris Stevens. The developer also installed a large and deep hedge to screen the houses from 27. (Can we just complain for a minute about the Pantigo Pointe logo? It looks like someone mocked it up in Microsoft Word. Kerning, folks, look into it.) The houses are also cheaper now by $100K, or at least the model is. Interiors are very attractive and seem nicely finished, and the three bedroom, three and one-half bath homes each offer a master on the ground floor. The first two levels are 1600 square feet and there’s 800 square feet of lower level that can be finished. [caption id="attachment_64340" align="alignnone" width="694"] House pictures via BHS[/caption] What do you think? Will the units (repped by James W. Oxnam and Joan Morgan McGivern) finally start selling? Let us know in the comments. For more, click here. 250 Pantigo Road, East Hampton
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Ursula McNamara Joins the Bill Williams Team at Compass
November 08, 2017
Ursula McNamara is a real estate pro with a background in the creative world, a passion for the East End, and experience in home renovation. She’s joined the Bill Williams Team at Compass. A native of Manchester, England, Ursula came to New York in 1996 to pursue photography and photographic printing. At The Small Dark Room in Manhattan, her business focused on serving clients in advertising, fine art, and editorial photography. Like so many of us, she moved to the Hamptons with her family full time after summering here for a number of years. She purchased a home in East Hampton that she renovated. Now she’s indulging her passion for real estate full time, especially helping first-time buyers from the city and ex-pats like herself. Congratulations, Ursula!
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hills at southampton
Vote! Are You in Favor of The Hills at Southampton?
November 08, 2017
One of the most controversial new developments on the East End may be approved next week. The project was first proposed back in 2013, but worries about environment impact, particularly on groundwater, and the need to change zoning from strictly residential to a Planned Development District have meant the project has dragged on. Planned are 118 residential units and an 18-hole golf course along Spinney Road in East Quogue, to be called The Hills at Southampton, built by Discovery Land Company. The units would be strictly second homes, so no impact would be felt on local schools. Proponents argue that the development will preserve 424 acres out of a total of 591 acres or almost 72% of the land, and 95% will be kept as open space. The Hills say they will donate $1 million to help local residents to upgrade their home septic systems, and will implement phytoremediation/fertigation efforts to improve local water quality.  About a hundred year round jobs will be generated, and other benefits to East Quogue such as donations to the school and for a new Suffolk County Water Authority well will result. Opponents say that Discovery are playing fast and loose with the amount of land needed for the golf course, that at 40 more  acres will be needed to build the course than they say. In measuring the area of the course, they are taking the area of each golf hole by itself--the tee area, fairway area and the green--taking into account other areas such as the rough, trees, water, which should be considered part of the course. They say that the development will have a catastrophic effect on local groundwater, and will result in more traffic and less open space. They would prefer that the town buy the land and preserve it. Proponents point out that a town buy is unlikely, and that Discovery says they will build a residential development instead of a resort one if The Hills is not approved. The as-of-right residential zoning would result in 147 homes, many with children to enter local schools, and only standard septic tanks would be used. What do you think? Vote now.
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