Back in February, we mused, “We don’t get it. This property, on Mecox Bay, is stunning, spacious, ocean view, and comes complete with all the furnishings. On the floors alone are $1.5 million worth of custom rugs from Nepal, Turkey and China. (Tell guests to take off their shoes.) So why hasn’t anyone snapped it up?”
Well, someone has. Good thing, too, because we also wrote, “Rich people, we’re ordering you to buy this place immediately.” We love it when rich people listen to us. We’re sure it’s our orders that got the place sold, not the big price cut, down to $17.5 million from the original ask of $25 million, that prompted the post in the first place. Listing agents are Gary DePersia at Corcoran and Martha Gundersen at Brown Harris Stevens. And don’t forget, rich people, to invite us to the housewarming.
Another blockbuster listing that recently clicked into contract is 328 Gin Lane, Southampton. This property, represented by Beate Moore at Sotheby’s, has been lingering on the market for three years now. The original asking price was $39.5 million; last ask was a more realistic $32 million. For that, a buyer gets 2.64 acres on gorgeous Gin Lane, with a north/south tennis court and an oceanside gazebo. The extensive gardens are worthy of a fairy tale. The house, which is an older carriage house, is not, however, huge at 2500 square feet with just four bedrooms, and the interiors are tired. Still, given all the positives, we’re slightly surprised a buyer with vision hasn’t snapped up the place before now. We’ll be interested to see if the house is renovated and expanded or just bulldozed. (Tell us what you think will happen in the comments.)
See more here. 328 Gin Lane, Southampton
One house whose fate is almost certainly a wrecking ball is this Ditch Plains, Montauk, teardown, which we posted about just last month. We figured that the $1.399 million asking price was not at all bad, given that the property (listed by Romaine Gordon at Saunders) is so close to the ocean. The 1969 cottage has two bedrooms and one bath, but plans for a new house are included.
The proposed new house is a charming cottage style with three bedrooms, two baths, and a second floor kitchen to catch the views. Out back there’s a large deck with water views and a small pool, hot tub and even a pool house.
Even adding in construction costs, a buyer would wind up with a wonderful new home at a reasonable price. Which is why we’re not at all surprised the property is in contract just weeks after hitting the market.
For more, see here. 29 Sanger Place, Montauk