A waterfront home in East Quogue is for sale, available through an auction on Dec. 7.
“The seller has opted for an auction strategy because the seller is seeking certainty of sale,” says Misha Haghani, Esq., the principal of Paramount Realty USA, which is overseeing the auction.
Set on a quarter-acre lot on the Shinnecock Bay, the stucco and brick house at 69 Little Pine Lane offers two levels, four bedrooms and four bathrooms with panoramic views and 78 feet of shoreline. The western exposure provides beautiful sunsets throughout the house and property. A deck on both levels overlooks the water.
There is also a deep-water dock and access to a private sandy beach.
The property is located within the Hampton Point Association.
“The home has been on the market for a couple of years, originally as high as $2.5 million, and so the seller wants to market it widely, collect bids and make a decision on a timely basis. The reserve price of $1.5 million is 40% below the original list price and is compelling.”
The main level offers 2,000 square feet of living space. There is an updated L-shaped, eat-in kitchen, a living room with a wood-burning fireplace and wall-to-wall glass sliders. Meanwhile, the lower level, which is above grade, offers 2,000 square feet more of space.
The benefits of an auction versus selling on the traditional market are “control over timeline,” Haghani says. “The seller is a ‘real seller’ – someone who is ready to sell, not just ‘testing the market.’ Through our process, the property will be marketed by us and its listing agents at Compass, and all bids will be considered by the seller. The goal is a timely sale at market price.”
The listing brokers are Samantha Bisagni and Mariana Nunes of The Dune Collective Team at Compass.
Prospective bidders should review preliminary and substantive information, available on Paramount Realty’s website, and tour the property on Oct. 28, Nov. 18 and Nov. 30.
Bids may be submitted digitally or in writing by the bid deadline of Dec. 7.
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