228 Surfside Drive

A 13,000-square-foot house at 228 Surfside Drive in Bridgehampton –
one of the few spec houses built on the East End of Long Island in 2009
– has gone into contract, according to Curbed. The almost-oceanfront
home was originally listed for $15 million when it hit the market in
June 2009, before climbing to $16 million by August 2009, and then
dropping to its latest listing price of $13 million in April of this
year. Although it’s not immediately clear how much the house went into
contract for, the listing — which was marketed by Prudential Douglas
Elliman — had been built on land purchased for $4.7 million in 2008.
The nine-bedroom, 10.5-bathroom home includes a wet bar, wine cellar
and a putting green. [Curbed]

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228 Surfside Drive in Bridgehampton and listing broker Vince Horcasitas

In a market in which many builders and brokers are retreating toward lower prices, one Bridgehampton home charged upward in price by 5 percent within a two-month period to $15.795 million. But Wednesday’s uptick in price wasn’t a tactical one, according to the home’s broker, Vince Horcasitas of Prudential Douglas Elliman, and builder Greg Konner. The duo thought the addition of more bells and whistles merited a price increase. “In this type of market, most people are trying to bid properties down,” Horcasitas said. [more]