Hamptons Cheat Sheet: Southampton home hits market for $175M, Montauk surfer-turned-broker shops real estate reality show … & more

TRD New York /
Aug.August 23, 2017 04:00 PM

Clockwise from the top left: 11 Cove Hollow Farm Road in East Hampton, surfer/broker Dylan Eckardt and the $175 property in Southampton

Former Henry Ford estate in Southampton lists for record $175 million

The 42-acre Southampton estate called Fordune is now the most expensive property on the market in the Hamptons, with a list price of $175 million. In addition to a 20,000-square-foot, 12-bed, 12-bath main house, a carriage house, basketball and tennis courts, a 60-foot pool and a six-car garage sit on the property. There’s also 1,286 feet of ocean frontage, which is nice. If sold at its asking price, Fordune would be the most expensive home ever sold in the Hamptons, eclipsing the 2014 sale of an East Hampton home for $147 million. The current owner of the Jule Pond property, portfolio manager Brenda Earl, acquired the estate in 2002 and has engaged Bespoke Real Estate to make the sale. [TRD]

Montauk-based surfer-turned-broker shops TV show about himself

Dylan Eckardt, who calls himself the “Prince of Montauk,” is shopping a documentary series about his life. Eckardt, who is associated with Nest Seekers, gained some notoriety last year after a Vanity Fair profile painted him as a brash local catering to the real estate needs of rich summer people. “I could have done ‘Million Dollar Listing.’ It’s not that shit, it’s real. It’s a Robin Hood story, this is real life,” Eckardt told The Real Deal about the series, of which he’s an executive producer. [TRD]

After 5 years and $10 million in price cuts, a contract is signed in East Hampton

Here’s a cautionary tale for those looking to sell their Hamptons homes fast and at asking price. The 7,500-square foot home at 11 Cove Hollow Farm Road was listed for $24.75 million in 2012. In 2015, the asking price dropped to $19.75 million. This year, with a listing price of $14.95 million, Ed Petrie, James Petrie, and Julie Wolfe of Compass Real Estate finally got a contract signed. The new owners of the three-acre property will enjoy five bedrooms, six-and-a-half bathrooms and 408 feet of water frontage on Georgica Cove. [Curbed]
You can now build larger pool houses and servants’ quarters in Quogue

Changes to the law in Quogue will allow homeowners to build larger pool houses and second-floor additions over detached garages, 27East reported. The Quogue Village Board amended local rules, which will now allow pool houses to be up to 1,000 square feet and garages can now be up to 1,200 square feet. Residents might need the extra space because the new laws will also ban portable storage containers larger than 8 feet by 16 feet. The board ruled that residents can only keep storage containers on their properties for 60 days or less and that they must be set at least 25 feet away from the property line. [27 East]

Most expensive home on Shelter Island is now $7 million cheaper
Twenty-five million dollars is still the highest asking price on Shelter Island, but that new price for 25 Nostrand Parkway is 20 percent less than the $32 million it was first listed for last year. Sitting on a 4.8-acre plot, the 7,000-square-foot Queen Anne has seven bedrooms and seven-and-a-half baths. Beate Moore at Sotheby’s International has the listing. [Curbed]

A Water Mill compound, previously listed for $10M, now 40% off 

The 1.7-acre compound at Mecox Road and Narod Boulevard in Water Mill had its asking price slashed this week. First listed for $10 million in 2014, the home was taken off the market in March 2016 and then relisted in July of this year for $6.4 million. Now the property, which contains a five-bedroom, three and a half bathroom main house in addition to a guest house and pool, is priced at $5.9 million.  Michaela Keszler and Natalia Papulova-Phillips of Douglas Elliman have the listing. [Curbed] 

Related Articles

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Cee Scott Brown and Jack Pearson

A top Corcoran team in the Hamptons bolts for Compass

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

Harry Macklowe (Credit: Getty Images)

Macklowe’s brazen Hamptons act recalls Times Square scandal

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey