From left: Exterior and interior images of the Sagg Pond estate

Last summer’s priciest East End listing is now on the market for a mere $59 million, Curbed reported. [more]

From left: Related’s Jeff Blau, 95 Down East Lane and 20 Drew Lane

From the June issue: As summer ramps up in the Hamptons, the results of the winter buying season are coming into focus. Much like New York City, the vacation-home enclave on Long Island’s East End has mostly seen a slow and steady recovery since the worst of the recession. But unlike the Manhattan market, where the prices of trophy properties are being pushed sky-high by international buyers, prices in the Hamptons luxury market are still below boom-time levels. [more]

A beach in Southampton, Michael Meldman

Arizona-based developer Michael Meldman is partnering with New York developers Bryan and David Becker to build on a 450-acre swath in Southampton — the last undeveloped lot for residential or mixed-use in the Quogue vicinity, the New York Post reported. [more]

From left: An aerial shot of Hamptons estates and Danielle Becker-Wilson

Danielle Becker-Wilson, an agent at Halstead Property, is making a buck this summer by renting out her million-dollar East Hampton home while she and her family live in a 400-square-foot trailer, the New York Post reported. She’s not alone: other East Hampton and Montauk residents are using the same strategy to nab rent money for a variety of reasons. [more]

From left: Diane Saatchi and Judi Desiderio

From the April issue: Long Island’s East End was hit hard by the real estate downturn, but not by Hurricane Sandy, which largely bypassed the area. Thanks to that stroke of good luck — coupled with the improving economy — the popular vacation spots in the Hamptons and North Fork are now seeing a definite rebound from the post-financial crisis slump. [more]

Diane Ramirez and Nancy Hardy

UPDATED, 11 a.m., Feb. 5: Halstead Property will debut a new office in Southampton Village, The Real Deal has learned. Slated to open for business at 31 Main Street this spring, the new location brings Halstead’s tri-state office count to 24 and its agent total to 1,000. The brokerage is aiming to open the storefront space by the end of March, a Halstead spokesperson said.

More than 20 agents — all new hires — will set up shop at the new branch, which is currently undergoing renovations. The office is set to be headed by Nancy Hardy, director of sales at the Southampton office. [more]

Montauk Airport

The privately owned Montauk Airport has been on the market for nearly two months with an asking price of $18 million. Most residents, local plane enthusiasts and even the Prudential Douglas Elliman brokers listing the property want its current use to be maintained, according to the New York Times. But the airport’s zoning allows for residential development, and without that component it is difficult to imagine the property fetching anything close to its asking price. [more]

Source: PropertyShark; click to enlarge

The Hamptons may be increasingly popular with year-round inhabitants, but it’s still a very popular destination for buyers of second homes. And where do these buyers come from? Property Shark recently took a look, finding that 35 percent of all Hamptons vacation homes are owned by Manhattanites (see full infographic after the jump)…. [more]

Highlights from The Real Deal‘s second annual golf outing can be seen in the video after the jump. Held last month at the Hamptons Hills Country Club in Westhampton Beach, N.Y. the event brought out more than 90 industry professionals…. [more]

From left: Eric Schneiderman, Deborah Mohring and 711 Willis Avenue

A state Supreme Court judge late Wednesday ordered the developers of Cambridge Park Condominium in Williston Park, N.Y., to pay $215,000 within 72 hours for failing to fix a crumbling retaining wall at the 37-unit complex or face up to five days in jail, The Real Deal has learned.

Judge Manuel Mendez ordered the developers, Richard and Deborah Mohring, to pay the funds after state Attorney General Eric Schneiderman sued the pair for fraud and misrepresentation. [more]