Top 10 Hamptons Sales for 2018: Implications for 2019
If the top ten sales of 2018 in the Hamptons can be summed up in one word, that word would be “unremarkable,” according to Judi A. Desiderio, CEO of Town & Country Real Estate. The biggest sale was $40 million; in other years (such as the blockbuster 2014), that would have been a middling entry…
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A Nicely Done Georgica Renovation Fails to Realize Any Profit
Back in 2014, this East Hampton property, with 3.5 acres of sumptuous landscaping by Ed Hollander, along with a 7,700-square-foot, 7 bedroom house, pool, and tennis, was listed for $11.9 million. The interiors were suffering a bit from the 90s (see below). After some price cuts, the property sold in 2015 for $9.5 million. It…
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Springs Is Hot in a Cool Market: And Here’s a New Record Price
We’ve been noticing for a while now that Springs prices have been heating up. Unfortunately, this is difficult to quantify easily, as none of the brokerage market reports breaks Springs into its own category. (Town & Country, which provides fairly granular data, distinguishes between “East Hampton Area,” which includes Wainscott, and “East Hampton Village.” Corcoran…
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Writer? Boater? Surfer? Let’s Find Your Summer Hamptons Rental
The weather outside might be frightful, but it’s time to think about warm days at the beach, cocktail parties, golf, tennis, and ice cream. Now is when all the best listings for summer rentals are still available; here’s some picks from us depending on your interests. Writer Lee Avenue, East Hampton Cost: $650K, MD-LD Why:…
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A Beautiful Renovation of a Classic East Hampton Summer House
This house, erected in 1897 by local builder George Eldredge, was listed in 2012, with a note that the property needed “someone to bring it up-to-date and add a pool.” It sold in 2013 for $4.5 million to Pilar Guzmán, the former editor-in-chief of Condé Nast Traveler, and husband Chris Mitchell, also a Condé Nast executive. Then the…
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A Trio of Well-Priced Properties Click into Contract
Yep, it’s a buyer’s market in the Hamptons now. But properties will always sell, provided they’re at the right price, and three of them that in the past few months we’ve commended on price are now in contract. The highest price of the trio is this one, 15 Greentree Court, Amagansett. Last ask for the property,…
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The Bioscleave House Is Now at a 40% Discount
This inventive, experimental house was built in 2008 and cost more than $2 million to build. The Bioscleave House–known as the Lifespan Extending Villa–was designed by artist couple Madeline Gins and Arakawa to cheat death itself. (Note: the couple have since died.) They thought that continually stimulating the senses through architectural surprise would stimulate the immune…
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Why Not a Sleek Modern Farmhouse Near East Hampton Village?
Southampton, Sag Harbor, and East Hampton villages are still such wonderfully walkable areas, with shopping, restaurants and the movies in easy reach–something that’s becoming more and more rare in America. And while this property is juuuuust outside East Hampton village limits, it’s an easy walk to Mary’s for a morning muffin or Cittanuova for a…
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Get Your Bids in Now for Sea Spray Cottage 14
The village of East Hampton is currently accepting bids for rental of one of the fabled Sea Spray cottages, often considered the best oceanfront deal in the Hamptons. This year, just one cottage, 14, a one-bed, one-bath, is available. The Sea Spray Inn was originally a Main Street boardinghouse that opened in 1888; the house was moved to…
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