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The Hamptons home rental and sales markets are shifting as quickly as the seasons — activity is cooling, but pricing remains hot.

A striking south-of-the-highway home in Water Mill is in perfect condition, ready for new owners and their designer to put personal fishing touches on beautiful interior and exterior spaces.

The top stories in real estate news on Behind The Hedges this week.

Can You Hear Me Now, in the Hamptons? [The New York Times]
Peconic Land Trust Acquires Wooded Lot in Southold [The Suffolk Times]
Town Says Some Vehicles Still Allowed At ‘Truck Beach’, Homeowners May Not Agree [27East]
South Fork Wind Farm project to reduce turbines from 15 to 12 [Newsday]
Hamptons Boom Creates a New World of Luxury Problems [Business Times]
An Ocean Friendly Garden Comes to Methodist Lane [The East Hampton Star]
Southold Town Preserves Roughly Eight Acres of Farmland in Cutchogue [The Suffolk Times]
Town Board Approves Ziggy’s Way in Memory of Late Polish Hall President [Riverhead News-Review]

The Lily Pond Lane home was built in the 1980s with an award-winning design by the late Jaquelin T. Robertson, who Candice Bergen and her husband Marshall Rose brought in to oversee major renovations in 2004.

Fickle buyers and sellers mixed in with the serious ones, a fast moving market, inconsistent listing data, and fatigued market participants have caused the Hamptons real estate market shift #3: Agent-to-agent trades.

Bay Street Theater Reveals Plans for New Sag Harbor Facility [Dan’s Paper’s]
Paid Parking In East Hampton Village Goes Back To Square One [27 East]
Broker Fee Ban an “Error,” Court Rules [The Real Deal]
Hold Still, Wainscott [Dan’s Papers]
Sag Harbor Movie Theater Reopens After 2016 Fire [NBC News]
‘Sizeable’ Brush Blaze Seen From Aircraft Overhead [27East]
From Grooming to Training: The Best Horse Farms to Stable Your Ponies in the US [Robb Report]
Gorgeously renovated art center ‘The Church’ opens in Sag Harbor [Architect]

It was all a dream . . . Certainly seems that way now. It’s been nearly 27 years since the Notorious B.I.G. released the video for Juicy, filmed at this house in Water Mill. Plus more top stories this week on Behind The Hedges

Located behind gates on just shy of two acres, the 12,000-square-foot home has been “meticulously designed and seamlessly executed.”

Today is Deadline for Comments on South Fork Wind Farm Environmental Report [East End Beacon]
Developer Proposes 22-House Subdivision in Place Of Tennis Club In Westhampton Beach [27East]
Town, Residents on Board with Montauk Skate Park Remodel [Newsday]
East Hampton’s Candice Bergen buys $2M Upper East Side Co-op [6sqft.com]
Compass to Acquire Bold New York [The Real Deal]
Insights Into Sotheby’s International Realty’s 2021 Luxury Outlook Report [Forbes]
Home Prices Soar in Newly Hot Hamptons Locales as Buyers Stay Closer to NYC [Newsday]
Lumber Prices Notch Records on Building, Remodeling Boom [WSJ]
Ellen Hermanson Foundation Tickled Pink Benefit Offers Laughs, Honors Behind The Hedges Editor and Others in Media [Dan’s Papers]
Neil Patrick Harris and David Burtka’s $5.5 Million Estate is Another World – See Inside [Hello!]