Hamptons Cheat Sheet: Ticket Man with Trump ties buys Bridgehampton home, John McEnroe serves $2M price chop … & more

New York /
Nov.November 09, 2016 06:06 PM

Luxury spec developer: Building capital is “tied up” right now

There is now less competition to buy land in the South Fork, according to Hamptons luxury builder Joe Farrell of Farrell Building Company. “Every builder and their brother, they’re all here,” he told 27East, adding that “a lot of builders are tied up — their capital is tied up.” So how does he differentiate himself? Just keep on building, even if that means making steep price cuts to close sales. “We build in volume,” he said. “I don’t have to sit there and wait to make a fortune in one house.” One of his new spec houses at 423 Parsonage Lane in Sagaponack was recently slashed by $1 million to just under $12.5 million, and another one at 280 Highland Terrace in Bridgehampton was price-chopped by $1.5 million to about $17 million. [27East]

John McEnroe hopes to find advantage with $2M price cut on his Southampton home 

And he cannot be more serious about it. Originally listed in May for $14.5 million, the 2.2-acre compound now asks $12.5 million. With eight bedrooms and eight full baths, the house at 11 Squabble Lane spans 7,500 square feet. Outside, there a gunite pool, beach access and, yes, a tennis court. The master suite features its own balcony. Kathy Konzet of Sotheby’s International Realty TRData LogoTINY has the listing, according to Curbed. [Curbed]

Overdue renovations to the Sagg Bridge in Sagaponack finally begin

The $1.2 million rehabilitation effort was almost curtailed last year by a challenging battle to protect the region’s rural character, but that’s water under the bridge now. Funded by state grants as well as from Southampton village’s capital reserve fund, the renovations will include the installation of a new deck as well as new curbing. Workers will also fix up the railing and repair the causeway, the East Hampton Star reported. The 91-foot-long, 24.5-foot-wide bridge will be closed between Nov. 14 to May 15 at the latest. [EHS]

“Ticket Man” with Trump connections buys Bridgehampton home for $2M

Richard Ebers, known for brokering high-profile tickets (think courtside seats at the U.S. Open, meet-and-greets with Lady Gaga, etc.) for rich people, just bought a Bridgehampton home for just under $2 million, 27East reported. The 4,100-square-foot pad on Birchwood Lane has five bedrooms and 5.5 baths. Ebers donated nearly $2 million to Donald Trump’s charitable foundation between 2011 and 2014, according to the Washington Post. [27East]

East End voters support expanding the Community Preservation Fund

East Hampton’s Proposal 1 was met with overwhelming support on the ballot Tuesday, securing more than 78 percent of the popular vote, East Hampton Patch reported. The initiative would allocate up to 20 percent of the Community Preservation Fund, which comes from a 2 percent real estate transfer tax, to make water quality improvements. Water quality protection is important because of nitrogen pollution and rust tides that have plagued the East End’s harbors and lakes, according to Kevin McDonald, policy advisor for The Nature Conservancy on Long Island. [Patch]


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