Howard Lorber lists Hamptons spread for $18.5M: PHOTOS

Meanwhile, son Michael Lorber sells Midtown East condo

From left: Howard Lorber and 439 Halsey Neck Lane
From left: Howard Lorber and 439 Halsey Neck Lane

UPDATED, 5:46 p.m., Oct. 30: Douglas Elliman chairman Howard Lorber has put his seven-bedroom Southampton Village mansion on the market for $18.5 million, The Real Deal has learned.

Foyer of 439 Halsey Lane

Foyer of 439 Halsey Lane

Lorber listed the 11,560-square-foot gated estate, which he built from the ground up in 2003, earlier this month with Elliman’s Erica Grossman and Michaela Keszler, StreetEasy shows.

“My kids are all grown, and I wanted to downsize,” Lorber said.

Indeed, Lorber’s son recently sold his own apartment in Midtown East, sources confirmed. Michael Lorber, a broker at Elliman and ex-star of “Million Dollar Listing New York,” sold the three-bedroom nine days ago, though no closing price was available, StreetEasy shows.

He had listed the 1,861-square-foot apartment, at the Grand Beekman at 400 East 51st Street, for $2.79 million in April, as The Real Deal reported.

Michael, who was not immediately available for comment, originally bought the condominium in 2004 for $1.73 million.

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Papa Lorber’s home, at 439 Halsey Neck Lane, boasts a large first-floor master bedroom, 13 full baths, a handcrafted game room, and a gym with a sauna and steam room, the listing says. The two-acre site also includes a heated gunite pool, tennis court, putting green and outdoor kitchen.

Sitting room at 439 Halsey Lane

Sitting room at 439 Halsey Lane

Lorber’s decision to sell comes on the heels of several other high-profile deals on the East End, including Nine West founder Vince Camuto’s contract for the historic Gin Lane oceanfront estate that he listed in July for $48 million with Corcoran Group brokers Tim Davis and Peter Huffine. The shoe guru is listing another home in Water Mill for $49.5 million.

About a month ago, supermodel Christie Brinkley reportedly sold her beachfront home in the village of North Haven to Stuart Hersch, the president of Cantor Fitzgerald, for $10 million. The 2.6-acre property at 6 Fahys Road had been listed for $8.9 million with Saunders & Associates.

Kitchen of 439 Halsey Lane

Kitchen of 439 Halsey Lane

Overall, the Hamptons market has seen a stable last few months, with some 534 homes sales closing in the third quarter of 2013, a 31.9 percent increase over the same period a year ago, but a 20.9 percent drop from the previous quarter, according to data from Elliman. The median sale price in the third quarter was $768,000, a barely noticeable 0.4 percent increase from $765,000 last year, the Elliman report says.

Grossman confirmed that she and Keszler had the listing but declined to comment further.