300-year farm family future in limbo after East End legal kerfuffle

TRD New York /
Oct.October 22, 2010 12:00 PM

The White farm (source: Southampton Press)

A Sagaponack family claims they were hoodwinked into losing their farm, which has been in their family for 300 years, after signing a complicated legal agreement with a Houston-based attorney and oilman, according to the Southampton Press. The White family, one of the oldest farm families in the Hamptons, enlisted the help of the Texan legal eagle, Anthony Petrello, to protect their oceanfront property, offering in exchange a deal to sell 9.5 acres of the farm to the attorney for $2 million. Now, 15 years after striking the deal, the Whites say they were scammed into signing a far more complicated document than they realized. Petrello has sued the Whites, claiming that the aforementioned document entitles him to 24 acres of the farm and that the Whites’ failure to hand over the land has cost him rental profit. Petrello is seeking $5 million to compensate for the alleged lost revenue. [Southampton Press]

 

Related Articles

arrow_forward_ios
WATCH: How much you need to earn to live comfortably in the 5 most expensive ZIP codes in America

WATCH: How much you need to earn to live comfortably in the 5 most expensive ZIP codes in America

WATCH: How much you need to earn to live comfortably in the 5 most expensive ZIP codes in America
CLockwise from top left: Vornado's Steven Roth is listing Bernie Madoff's onetime Montauk home for $21M, a developer has filed a $100M lawsuit against Southampton for blocking its project, George Stephanopoulos found a buyer for his Southampton home and a group of three properties on Sag Harbor's Main Street are on the market for $12M.

Hamptons Cheat Sheet: Developer files $100M lawsuit over rejected East Quogue luxury golf course project … & more

Hamptons Cheat Sheet: Developer files $100M lawsuit over rejected East Quogue luxury golf course project … & more
Hamptons Cheat Sheet: Grey Gardens sells for $15.5M, two Hamptons towns rank among 10 most expensive zip codes in US … & more

Hamptons Cheat Sheet: Grey Gardens sells for $15.5M, two Hamptons towns rank among 10 most expensive zip codes in US … & more

Hamptons Cheat Sheet: Grey Gardens sells for $15.5M, two Hamptons towns rank among 10 most expensive zip codes in US … & more
Hamptons Cheat Sheet: East Hampton home sells for $26M after 8 years, Southampton estate gets a price chop … & more

Hamptons Cheat Sheet: East Hampton home sells for $26M after 8 years, Southampton estate gets a price chop … & more

Hamptons Cheat Sheet: East Hampton home sells for $26M after 8 years, Southampton estate gets a price chop … & more
Hamptons Cheat Sheet: Montauk “Seven Sisters” home listed at $16.25M, East Hampton hails rental registry as a success … & more

Hamptons Cheat Sheet: Montauk “Seven Sisters” home listed at $16.25M, East Hampton hails rental registry as a success … & more

Hamptons Cheat Sheet: Montauk “Seven Sisters” home listed at $16.25M, East Hampton hails rental registry as a success … & more
Hamptons Cheat Sheet: Good news and bad news in Q2 resi sales report, Stella McCartney pulls rental listing after being outed as owner … & more

Hamptons Cheat Sheet: Good news and bad news in Q2 resi sales report, Stella McCartney pulls rental listing after being outed as owner … & more

Hamptons Cheat Sheet: Good news and bad news in Q2 resi sales report, Stella McCartney pulls rental listing after being outed as owner … & more
Hamptons weekly roundup: Inside Airbnb crackdown, Matt Lauer’s cottage lists for $4M, an orgy venue hits market & more

Hamptons weekly roundup: Inside Airbnb crackdown, Matt Lauer’s cottage lists for $4M, an orgy venue hits market & more

Hamptons weekly roundup: Inside Airbnb crackdown, Matt Lauer’s cottage lists for $4M, an orgy venue hits market & more
The 5 most expensive houses for sale in the Hamptons

The 5 most expensive houses for sale in the Hamptons

The 5 most expensive houses for sale in the Hamptons
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...