The Real Deal New York

Hamptons Cheat Sheet: Shake-ups in the brokerage world, soap opera actress sells $20M house … & more

By Cathaleen Chen | December 07, 2016 05:45PM

Susan Lucci, Robert Olstein and Olstein new property at 19 Duck Point Road (Credit: Getty, douglas Elliman, YouTube)

From left: Susan Lucci, Robert Olstein and Olstein’s new property at 19 Duck Point Road (Credit: Getty, Douglas Elliman, YouTube)

“All My Children” actress finally sells Quogue property for $20M

Slow and steady may not make for gripping soap opera drama, but patience certainly paid off for Susan Lucci. The former daytime television star was in no rush to sell her oceanfront home — the price remained at $20 million since its debut in 2014 at $20 million, Curbed reported. Dubbed “Four Winds,” the 10,622-square-foot estate contains seven bedrooms, 7.5 baths, multiple balconies and decks, and 160 feet of ocean frontage. It sits on 1.4 acres of land. [Curbed]

Hampton Bays’ first post-colonial house may be getting a makeover

In Southampton, it’s out with the old and in with the oldest. Town officials are now considering a partnership with a historic preservation nonprofit to repair the Ellis Squires House off Newtown Road. Built in 1785, the property is said to be have been purchased for 5 pounds by Ellis and Phebe Squires toward the end of the Revolutionary War. The town bought the home, along with the 6.7 acres of land on which it sits, for $1.2 million in 2005, 27East reported. Recently, the Peconic Historic Preservation offered to help the town with maintaining and preserving the home. Supervisor Jay Schneiderman estimates that the cost of the repairs will be at least $1 million. [27East]

South Fork gains another famous litigator in $26.5M North Haven sale

Case closed! Brooklyn-born attorney Perry Weitz has closed on two neighboring waterfront parcels on Robertson Drive. The $26.5 million property totals 9.6 acres and includes a 11,000-square-foot mansion with five bedrooms and 7.5 baths. Built in 2008, the house features double living rooms, a library, an art gallery, a gourmet kitchen, a wine cellar, and 3,000 square feet of covered porches. Founded in 1986, his firm Weitz & Luxenberg claims to have collected more than $8 billion in settlements, primarily in asbestos and defective drug cases. The law firm also has ties to Sheldon Silver, the former state Assembly speaker convicted of fraud and money laundering earlier this year. Weitz also owns a $30 million private jet and a $54 million yacht. [27East]

Bridgehampton gears up to renovate its “Little House on the Prairie” school

Residents of Bridgehampton will vote next week on a $24.7 million bond referendum that would fund the expansion of the outdated Bridgehampton School. If the referendum passes, a new building will house a gym, stage, cafe, fitness center and science rooms. At a meeting Monday night with school officials, some members of the Bridgehampton Citizens Advisory Committee voiced concerns. Jenice Delano, member of the advisory committee, said the expansion wouldn’t be necessary if high school students were sent to other schools and Bridgehampton paid tuition costs. Others emphasized the importance of a modernized school. “If you don’t build, and you keep it like a ‘Little House on the Prairie’ school, and everything around you is 21st century, you’re not competing,” fellow member Tony Lambert said. [EHS]

Hamptons brokerage world sees some movin’ and shakin’

Sotheby’s International Realty and Town & Country recently welcomed fresh and familiar faces to their East Hamptons offices: Nanette Hansen, a former journalist, is now the brokerage manager for Sotheby’s East Hampton and Sag Harbor operations, after serving as a sales associate at the firm for more than a decade. Before joining the real estate scene, Hansen was a television reporter and anchorwoman for 19 years, working for NBC, CNBC and CBS. Meanwhile, Town & Country has successfully courted Maureen O’Hara, formerly a manager at a mid-Atlantic brokerage, to join its East Hampton office. [27East]

Wall Street fat cat sells Southampton waterfront home

Nothing Says Wall Street blowout like a private boating dock and a seven-sided living room, but investment firm honcho Robert Olstein is parting ways with this 6,000-square-foot Remsenburg home. The chair of Olstein Capital Management last listed the property for $5.5 million, the New York Post reported, though its actual sales price remains undisclosed. Built in 2006, the Nick Vero-designed home sits on 1.2 acres and contains six bedrooms, 6.5 bathrooms, and a heptagon-shaped living room on the first floor. The shingled home at 18 Duck Point Road also features a formal dining room, marble chef’s kitchen and a master bedroom with its own porch. Douglas Elliman’s Enzo Morabito had the listing. [NYP]