Bidding wars are becoming commonplace as the demand continues to soar, while inventory on the East End dips. Celebrity personal trainer Holly Rilinger and her fiancée got lucky.
Rilinger, a master Nike trainer and former professional basketball player, and her fiancée, Jennifer Ford, purchased a home on Kings Point Road in Springs for $1.35 million — $55,000 over ask as the home had been listed at $1.295 million. Like many homes in this price point nowadays, there was a bidding war, with multiple offers.
18th Century East Hampton Home, Former Riding Club Where Jackie Kennedy Rode Horses, Asking Just Under $2 Million
Known as the Abraham Baker House and once a riding schools’ clubhouse, it was one of about a dozen properties to receive a special historic landmark designation from East Hampton Town in 2017, which provides a rare opportunity to build a second home on the property.
2020 saw more listings in the $10M+ price point trade than in the previous two years combined. Number of Sales was up 125.8% year over year, with over $1B of Sales Volume transacted. The odds of selling for listings priced $10M+ in 2020 were 42.86%. Impressive, when you consider that even the hottest markets rarely ever make it to 50%, according to the National Association of Realtors.
An estate with three houses on nearly one and a half acres close to East Hampton Village offers the chance for a family compound with plenty of privacy.
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