East Hampton

Embattled education entrepreneur Chris Whittle may soon lose his expansive waterfront compound on East Hampton’s Georgica Pond, which he has been trying to unload for seven years.

On Saturday, there is a chance to view a private waterfront home in East Hampton’s Grace Estates, listed for $8.5 million with Michael Daly and Matthew Spratford of Douglas Elliman.

A new listing in East Hampton Village’s estate section offers two separate, but contiguous lots that offer the opportunity for a compound close to the ocean beaches and village center.

As the temperatures rise, so does the intensity to find the perfect summer home. There are several open houses this weekend, including one with spectacular water views, which will have you looking forward to summer nights on the bay. 

Billionaire investor James Chanos, sold his Further Lane property for $59.5 million last month, while the estate of the Life Savers heiress sold for $60 million last week, in what will likely be one of the top sales of 2021.

So far, the average number of sold listings per week for 2021 has been about 24 properties. But don’t let that fool you. Demand is just as high as it was a few months ago.

The 6,000-square-foot home, inspired by the noted interior designer Waldo Fernandez’s travels to Thailand, consists of three structures surrounding a lotus pond.

The 6.11-acre property at 290 Further Lane boasts a Francis Fleetwood house, and just sold in 2018 for $40 million.

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.

The two-story home is close to the Southampton Village’s shops and restaurants, and offers plenty of space with six bedrooms, plus a carriage house with an apartment above it.