137 Crestview Lane and Scott Resnick

Developer Scott N. Resnick, scion of one of Manhattan’s most prominent real estate families, has listed his oceanfront Hamptons spread for $26.75 million, according to a source and property records (see more photos of the home after the jump).

Resnick is the son of Burton Resnick, the CEO of Jack Resnick & Sons, one of New York’s largest owners of office properties. Scott was formerly the company’s president and COO, but left the family business in 2007 to form his own company, real estate firm SR Capital.

Resnick’s seven-bedroom home at 137 Crestview Lane in Sagaponack, which hit the market in March, is situated on 2.4 oceanfront acres.

The listing broker, John Healey of Town & Country Real Estate, declined to name the owner, but property records show that Resnick and his wife, Kimberly, bought the spread in October of 2007 for $18 million from Philip D. Turits, the co-founder of Manhattan telecommunications firm Fusion. [more]

Sales activity on Long Island’s East End spiked dramatically in the first quarter of this year, according to a market report released today by Prudential Douglas Elliman.

There were 486 sales in the Hamptons and North Fork in the first quarter — more than double the number of transactions in the same period of last year. Meanwhile, the average sales price of an East End home leaped 42 percent to $1.57 million, up from $1.1 million in the first quarter of 2009. The median sales price, $800,000, showed a similarly dramatic uptick of 32 percent from the prior-year quarter.

“We had a tremendous surge in sales activity,” said Jonathan Miller, the president and CEO of Miller Samuel, who prepared the report. “It’s more than doubled.” [more]