Hamptons Cheat Sheet: Elie Tahari puts Sagaponack estate on market for $45M … & more

TRD New York /
Oct.October 10, 2017 04:20 PM

From left: 290 Further Lane and fashion designer Elie Tahari.

Elie Tahari lists his fashionable Sagaponack estate for $45M

Just two months after renting his Sagaponack estate to a hedge funder who ponied up $800,000 to spend July and August at the abode, fashion designer Elie Tahari put the home on the market for $45 million. Tahari and his ex-wife Rory purchased the 2.5-acre property at 135 Crestview Lane for $12.1 million in 2005, according to the Wall Street Journal. The couple divorced in 2011. The 4,500-square-foot home has just three bedrooms and three bathrooms — potentially a hard sell at that price. However, the listing comes with partially approved plans for an extension that would increase the size of the home to eight bedrooms and 10,000 square feet. Outside, the estate boasts a dining area, a 60-foot lap pool, a basketball court, a 200-year-old barn and 250 feet of beach frontage. Keith Green and Ann Ciardullo of Sotheby’s International Realty have the listing. [TRD]

Judge denies suit against East Hampton bowling alley under construction

Opponents of a new bowling alley, miniature golf course and sports bar now under construction at East Hampton Indoor Tennis rolled a gutter ball. A New York State Supreme Court judge has denied a motion to stop work on the facility on Daniels Hole Road in Wainscott, according to 27east. The motion was filed last year by residents who argued the recreation center would bring additional traffic to their neighborhood. A recent decision by Justice Denise Molia ruled that the plaintiffs had no standing because they failed to appear before the Planning Board when it reviewed the application, and that the majority of the complainants did not own properties near the facility. [27east]

Two lavish Further Lane properties drop prices

A six-acre spread on Further Lane is taking price reductions — ahem — much further. The East Hampton oceanfront estate at 290 Further Lane, which had its price cut twice before the summer, dropped by another $10 million last week, to $49 million, according to Mansion Global. The six-acre property, which belonged to the late James Marcus, a partner at Goldman Sachs, was listed for $69 million about a year ago, then dropped to $65 million in June and $59 million in July, the report said. The main residence has 10,000 square feet, with seven bedrooms and nine-and-a-half bathrooms, plus plank flooring, coffered ceilings and ocean views. Outside are landscaped gardens, a heated infinity pool. James Petrie and Ed Petrie of Compass have the listing. Further Down Further Lane, a home that was once part of the Maidstone Club got its first price chop after spending two and a half years on the market. Curbed reported that the home at 40 Futher Lane, which hit the market in May 2015 at $26.5 million, is now asking $22.95 million. The home is 4,500 square feet and has five bedrooms and six bathrooms and has been renovated. There’s also a heated saltwater gunite pool, pool house, decking and three-car garage. Set on 2.4 acres, the property is a half mile from Egypt beach. David Zazula of Halstead has the listing. [Mansion Global] [Curbed]

Well-known Hamptons author asks $3M for Wainscott house

Author Steven Gaines has put his Wainscott house — where he wrote some of his best-selling books, including “Philistines at the Hedgerow: Passion and Property in the Hamptons” — on the market for $3 million. The 3,200-square-foot home at 11 Westwood Road has four bedrooms and three-and-a-half bathrooms, as well as a 70-foot-long great room with nearly 20-foot ceilings and glass walls that open to the patio and in-ground pool, according to Newsday. The home once belonged to Bill Higgins, owner of The Swamp, a gay club in Wainscott. Gaines, co-founder of the Hamptons International Film Festival, told Newsday he is looking to downsize. “It’s a wonderful place to write, just not anymore in July and August,” he said. Bonny Aarons of Douglas Elliman has the listing. [Newsday]

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