Sag Harbor home in contract for $16M [UPDATE]
January 11, 2010 04:30PM
25 Shaw Road
An eight-bedroom, seven-bathroom "Nantucket-style" cottage in Sag
Harbor Village is in contract for $15.995
million and is expected to close shortly. The 8,200-square-foot waterfront home has a wine tasting
room, movie theater, billiards room and indoor gym. The gated-property has a heated pool, hot tub and three-car-garage. Tara
Newman of Saunders & Associates is representing the seller. [NY Mag]
[UPDATE, 5:30 p.m.]
The sale closed today at around 3 pm for approximately $14 million, the seller's broker Tara Newman told The Real Deal. The property, which she identified as 25 Shaw Road, broke sales records for the town, she said. The previous record deal was for the $6.85 million Hannibal French House, for which Newman was also the listing agent, in 2006. She has sold the French house three times in her career, Newman said. The Shaw Road property has been on the market for over two years, most of which time it was listed by the Corcoran Group while it was used as a rental home. During its tenure as a rental, 25 Shaw Road netted $395,000 per summer, another record-breaking figure for Sag Harbor Village, Newman said. Although she did not disclose who the buyer or seller were, Newman said that they were "nobody you've ever heard of."
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Comments
Anonymous
the buyers must be thrilled to pieces to know that they've set a record for stupidity.
Comment #1 Posted By: Anonymous 01/12/10
Tara Newman
To anonymous: If you haven't seen the house or it's outstanding location I dont really think you can make that comment.
Comment #2 Posted By: Tara Newman 01/12/10
Anonymous
Not sure any buyer, in a declining market, wants it to be known that they paid a "record" price for any house,anywhere right now- good for the listing broker, sad for the buyer, that situation. Better for public records to tell the story, if noticed, absent input from those involved.
Comment #3 Posted By: Anonymous 01/12/10
Anonymous
NY Mag posted it BEFORE the closing, I have no idea how they got the info.
Comment #4 Posted By: Anonymous 01/12/10
Anonymous
Seller: RAY LANGSTON, Miami
Comment #5 Posted By: Anonymous 01/19/10
Anonymous
Buyer: Stephen Siegel Title: CEO of CBRE- C.B. Richard Ellis (Global Real Estate)
Comment #6 Posted By: Anonymous 02/25/10