A 15,000-square-foot residence at 172 Cedar Street in East Hampton, plus an adjacent parcel is being offered at $12.5 million, or purchase a total of 10 single and separate parcels, spanning 21-plus acres, for $22.75 million.
A symbol of East Hampton’s famed summer colony, a former boarding house in East Hampton Village is looking for a buyer — a family who will love it as much as the current owners’ family has for the last 100 years, according to Frank Newbold of Sotheby’s International Realty.
In some price points and locations, new listings are making contract movement possible. In others, it either bolsters the fact that overpricing is prevalent or demonstrates that demand is lessening from where it was in fall of 2020.
Known as the Abraham Baker House and once a riding schools’ clubhouse, it was one of about a dozen properties to receive a special historic landmark designation from East Hampton Town in 2017, which provides a rare opportunity to build a second home on the property.