1 Palma TerraceFrom the May issue: Build it green, and they will come. That’s what developers Clontarf Properties hoped when they built a multimillion-dollar, environmentally friendly house in East Hampton without a buyer on the other end. Well, they did come. The house at 1 Palma Terrace — the first Hamptons home to achieve a Platinum certification, the highest standard for environmental building awarded by the U.S. Green Building Council — recently sold for $2.25 million. “With the total square footage and the number of bedrooms and baths, it was probably 10 percent to 15 percent more than the cost of a comparable [nongreen] house,” said Peter Moore, the agent at the Corcoran Group who sold the house. [more]
