Yep, it’s true. Comedy legend (and our idol) Mel Brooks and wife Anne Bancroft bought this place back in 2000 for $3 million. Mr. Brooks (after Ms. Bancroft’s death in 2005) sold in 2010 for $5.3 million. In early 2014 the property changed hands for $9 million. The new owners seem to have smartened up the 60s leftover with plenty of paint, a new kitchen and bathrooms and stylish midcentury furniture. Then they put the place back on the market in the autumn of 2014, asking $11.5 million.
That’s more or less where it’s sat ever since, except it’s now asking $500K more. Granted, real estate prices have risen since then. The property is currently repped by Mary Ann Cinelli at Brown Harris Stevens.
Architecturally, the house is small at 2000 square feet, with three bedrooms and three baths. There is, of course, just over an acre of oceanfront land in the toniest beach area in the world, including sunrise views over the Atlantic and sunset views over Mecox Bay. We love the dunetop deck, and, of course, knowing the author of The Producers, Young Frankenstein, and Blazing Saddles as well as Mrs. Robinson owned the place makes it more special.
However, we do think the price has to head a bit south before attracting an offer. Even as a teardown, the numbers don’t really work at $12 million. Given that $9 million was paid for it, we doubt the owner wants to lower the ask too much, so we predict it’s going to sit for a while more. What do you think of the place?
For more, click here. 1131 Flying Point Road, Water Mill