The Real Deal New York

Matt Lauer’s horse farm gets underway in Water Mill

October 18, 2012 12:00PM

Matt Lauer’s long-planned horse farm on a preserve in Water Mill, Long Island, is finally coming to fruition. The “Today” host just closed on the 30-acre farm for $3 million, the New York Post reported.

Lauer is now prepping to build an indoor riding facility, a new barn and a small nursery on the property. Local residents had objected to Lauer’s proposal, citing the size of the farm, previous reports show, but the Southampton Town Planning Board gave it the go-ahead this summer. Lauer lives in nearby Sag Harbor, an incorporated village of Southampton, reports show.

Nearby, Developer Joe Farrell is building seven houses set to range in price from $2.7 million to $4.9 million, the Post said. Two have sold so far, according to the paper. [NYP] –Guelda Voien