The Real Deal New York

Hamptons Cheat Sheet: Jackie O’s summer getaway asks $54M, Southampton goes land shopping … & more

September 21, 2016 05:45PM
By Cathaleen Chen

Jackie O, Evan Kulman, Plankton and Reed Krakoff's estate at 121 Further Lane

Jackie O, Evan Kulman, Plankton and Reed Krakoff’s estate at 121 Further Lane

Jackie O’s childhood summer getaway hits the market for $54M

Now here’s a house of style if ever you’ve seen one. Designer Reed Krakoff is asking $54 million for an 11-acre East Hampton compound, the very same century-old abode where Jacqueline Kennedy Onassis spent her summers as a child. Krakoff, the former executive director of Coach, listed the compound at 121 Further Lane as two separate parcels, the Wall Street Journal reported. That’s $39 million for 7.2 acres on which the eight-bedroom main residence and two-room guesthouse sit, and $15 million for the adjacent four-acre lot that has a tennis court. Krakoff bought the property for $25 million in 2007. Susan Breitenbach of the Corcoran Group and Peter Turino of Brown Harris Stevens are the listing agents. [TRD]

Southampton plans park space for new 11-acre site

Southampton town’s Community Preservation Fund will plop down $14 million for 11 acres of land on Moses Lane, which was once slated to be a senior housing development. Dubbed Beach Plum Meadows, the project received approval from the town for a 16-lot subdivision, but developers Helen and Edward Corrigan eventually scrapped their plans and sold the property. Under the ownership of the town, the land could be turned into a community garden, Southampton Village Mayor Mark Epley told 27East, but the soil isn’t ideal. So don’t expect a community vineyard, either. The sale has yet to close, and a public hearing is scheduled for Oct. 13. [27East]

Southampton gets its caddyshack on with $6.5M golf course development rights

It’s been quite the shopping spree for Southampton. In addition to the park land on Moses Lane, the town recently purchased a “recreational easement” on the Southampton Golf Range on County Road 39 for $6.5 million, 27East reported. This means that town officials now have control over what fees the golf course charges in order to keep prices affordable, as well as the types of recreational activities permitted on the 13-acre property. “It’s an affordable recreational opportunity for the entire community,” Jay Schneiderman, town supervisor, told the paper. “Basically, what you see is what you’ll get.” The owner of the land is Will Hansen, whose family purchased it in 1957. Under the agreement, 80 percent of the course will remain open space. [27East]

Montauk’s Big Reed Pond is off-limits for now

Nausea, diarrhea and vomiting, oh my! The blue-green algae found in Big Reed Pond is a cyanobacteria that can cause stomach issues, eye or throat irritation, allergic reactions and breathing difficulties, the Suffolk County Health Department announced Friday. Officials asked residents to refrain from swimming in the waters and to keep children and pets away from the area, according to the East Hampton Star.  Georgica Pond just reopened two weeks ago after a bloom of the same algae. [EHS]

Disgruntled couple sues Westhampton– again

They say persistence pays off. Andrew and Lynne Edelman are doubling down on litigation against Westhampton officials after the village and its zoning board of appeals denied their multiple requests to separate two Stacy Drive lots into three. The saga began in the 1990s, when the zoning board allowed the couple to expand their house on 30 Stacy Drive, under the condition that it be grouped into the same parcel as 26 Stacy Drive, an undeveloped lot. The third property is 28 Stacy Drive, on which a second house sits. Last year, after the structure at 30 Stacy Drive was damaged in a fire, the Edelmans asked the village to change their 1990s agreement. But when the village denied it, they filed suit, claiming they would lose $900,000 if the three lots cannot be separated. Meanwhile, they turned to the zoning board with the same request. The board voted against them as well, however, prompting a second lawsuit filed last month. [27East]

Court upholds East Hampton’s aversion to giant houses

Who said size doesn’t matter? The New York State Supreme Court this month dismissed a lawsuit that challenged the East Hampton Village zoning code’s limits on house sizes. The regulations, which the village adopted in June 2015, reduced the maximum floor area allowed for new homes, restricted the construction of cellars and closed loopholes regarding additional floors. Joseph Rose, former city planning director under New York City Mayor Rudolph Giuliani, was among a small group of property owners who railed against these limits. He told the East Hampton Star that he and the other plaintiffs intend to appeal the decision. [EHS]

The secret to selling in the Hamptons? Throw a few curveballs

That’s according to Compass TRData LogoTINY agent Evan Kulman, who sat down with Hamptons Magazine last week to dish on his East End practice. “People think they know what they want when they start looking for a home,” he told the magazine. “I show them what they’re saying they want, but always throw in a curveball or two. And many times, they end up purchasing the curveball.” Compass poached Kulman a year ago from the Corcoran Group’s Hamptons operation. [HM]