An aerial shot of the Hamptons

The lingering effects of Hurricane Sandy dealt a blow to Hamptons residential prices, according to the most recent quarterly market report from East End brokerage Town & Country Real Estate. [more]

Amagansett

Brokers and landlords hoping to kickstart this season’s leasing activity in the Hamptons are seeing renters showing a preference for spots further east, the New York Post reported. [more]

Surf Lodge

From the June issue: When beachgoers and socialites head out to the Hamptons this season, they will be greeted by a collection of trendy new restaurants and hot spots. After several years of relative quiet, the East End has seen a flurry of commercial real estate activity in the last few months, with several prominent properties trading hands. As The Real Deal and others have reported, the deal-making has been hottest in Montauk, where three-decade-old venues are undergoing face-lifts and the much-hyped Surf Lodge is under new management. [more]

From left: crowds outside the Sloppy Tuna and the Surf Lodge in Montauk

The Hamptons’ posh tentacles are stretching eastward, according to the Wall Street Journal, as once low-key Montauk is seeing continued growth in bars and night life. More than a dozen businesses have changed hands since last summer, as new owners look to revamp properties into destinations for the type of clientele typical of the Hamptons. It’s analogous to Manhattan’s gentrification spreading to the far reaches of the five boroughs. [more]

The Surf Lodge in Montauk, N.Y.

The end seems near for the ongoing saga at Montauk hotspot the Surf Lodge, the East Hampton Daily Star reported. On Monday, an attorney for the ownership group Edgemere Montauk LLC made a motion to dismiss the charges, which the Daily Star lists as now totaling 687. Robert Connelly, representing the city of East Hampton “conceded that a partial dismissal could facilitate a settlement,” the Star said. [more]

The Surf Lodge

The Surf Lodge restaurant and hotel was granted another adjournment for a court case focusing on the Montauk spot’s nearly 700 code violations, East Hampton Patch reported. There is now a new attorney on board to defend the restaurant.

“Motions, if filed, will be before April 16,” said Justice Catherine Cahill. [more]

Judi Desiderio, CEO of Town & Country, and Kathleen Beckmann’s office

Town & Country has acquired local Montauk brokerage Kathleen Beckmann Real Estate for an undisclosed amount, Town & Country announced today. Kathleen Beckmann Real Estate owner Kathleen Beckmann will join Town & County brokerage as of tomorrow, bringing with her three other brokers from her firm.

“Beckmann had a large portion of the market share of Montauk, even with a small amount of people,” Town & Country CEO Judi Desiderio said of her decision to acquire the company. Town & Country has eight Hamptons offices in total, including in North Sea Harbor, Bridgehampton and East Hampton. … [more]

Fashion designer Cynthia Rowley and her home in Montauk

Fashion designer Cynthia Rowley’s home in Montauk has hit the market for $1.1 million, Curbed reported. The bungalow was designed in the late 1930s by architect Donald Deskey for the 1939/1940 World’s fair. The idea was to “overcome the public’s aversion to factory-built homes by using open spaces, new materials, and practical decor,” according to Curbed. The
500-square-foot property was built in the 1940s, but could be expanded because it’s on a .93 acre lot. Rowley already has plans for a 2,500-square-foot house, plans that she could share with the new owner. Rowley is likely to renovate and move into the property on Seaside Avenue in Montauk that she bought for $820,000 in June after the sale. [Curbed]
… [more]

From left: Stacey Barnds and Julia Stavola of Town & Country Real Estate and the docks site

A long-untouched swath of the Montauk fishing docks — one of the last remnants of the village’s sleepy past — is on the market for the first time in decades.

The half-acre waterfront site of Lenny’s on the Dock restaurant is now for sale, priced at $4.7 million. Julia Stavola of Town & Country Real Estate has the listing, which includes the 2,400-square-foot commercial building and 11 boat slips.

The property joins its next-door neighbor, Salivars Restaurant and Bar, on the market. The 3,649-square-foot Salivars building, listed for $3.95 million with Town & Country’s Stacey Barnds, has been on the market for about a year, but the availability of Lenny’s paves the way for broader changes in the area, opening up “a whole set of new opportunities” for buyers, said Judi Desiderio, the CEO of Town & Country Real Estate…. [more]

The Montauk home

An American Institute of Architecture award-winning residential compound in Montauk has reentered the market for $29.5 million.

The oceanfront property at 230 and 234 Old Montauk Highway, which includes a 7,600-square-foot main house and 2,400-square-foot guest home, was on the cover of the Robb Report after it was built in 2006 and was featured in the New York Times.

The home was previously on the market for $35 million in 2007, according to Michael Schultz, a senior vice president with the Corcoran Group, who is marketing the listing with Susan Ryan, also a Corcoran agent. The property was temporarily de-listed, in part to ride out the rough market, Schultz said. He had been the original listing agent, along with Sotheby’s in a co-broker arrangement…. [more]